Banks fuel FTSE 100 gain, Vodafone down 16% for week

The FTSE 100 managed a modest gain of 23.6 to 5161on Friday largely thanks to strength in the banking sector but the index is down 1.4% for the week. Strength in Telecoms reversed into weakness by the end of the session leaving Mm02 the worst performer on the day with a loss of 4.6% to 51.5p. Heavyweight stock Vodafone slipped 0.9% to 110.5p taking its decline for the week up to nearly 16% and slicing 1% off the FTSE 100. Investors baled out of Vodafone fearing more disappointing earnings are on the horizon. It was a good day for the banking sector as HBOS advanced 3.3%...