FTSE 100 finishes lower on thin May Day trading

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Footsie finished the day moderately lower on the back of telecom weakness and profit taking. Tra...

Footsie finished the day moderately lower on the back of telecom weakness and profit taking. Trading activity was notably thin though due to the spate of holidays in European cities. The FTSE 100 finished down 38.9 points to 5928. BT headed a raft of old economy risers among the FTSE 100. BT shares lifted on news it is in talks with rival Vodafone regarding the sale of BT's 20% stake in Japan Telecom and its mobile phone subsidiary J-Phone. Such a deal should be worth over £3bn and would go some way into soothing BT's £32bn debts. BT shares improved 41p to 599p. In contrast index...

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