The news that the Bank of England is keeping interest rates at 4% for the time being did not boost t...
The news that the Bank of England is keeping interest rates at 4% for the time being did not boost the UK market. The FTSE 100 closed 37.8 down to 5190.7 and it was media and advertising companies that were worst hit, owing to market fears that advertising spending is not recovering. Granada lost 7.75p to 140.25p, the Daily Mail lost 34p to 660p while WPP, the advertising company, shed 34p to 724p. Vodafone also suffered its biggest four-day decline today after its US mobile phone joint-venture attracted fewer additional customers than expected. The shares of the mobile compa...
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