Eagerly awaited results from Vodafone were not enough to push the FTSE 100 index up this morning - i...
Eagerly awaited results from Vodafone were not enough to push the FTSE 100 index up this morning - instead it fell by 37 points to 3,943 on continued fears over dividend yields caused by the weak dollar.
Vodafone gained 0.25p to 125.75p in early trading after reporting an increase in profits before writing down the value of assets such as 3G licences.
However, other stocks fell.
Aviva shed 5p to 419p.
WPP lost 4.25p to 470p.
The FTSE 250 is down 4 points to 4,674, driven in part by news of Britannic Group.
The company says it is to sell its mortgage business to Paragon Group as part of its restructuring to put its insurance business in order - shares gained 5.5p to 215p.
Yesterday, the Dow Jones Industrial Average index closed up in New York by 7.36 points at 8,601.36.
The S&P 500 index climbed 1.35 points to 933.22, and Nasdaq's Composite gained 2.54 points to 1,510.09.
Tokyo's Nikkei 225 index closed down 107.88 points at 8,120.24 after banks started reporting a second year of record losses.
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