The UK's benchmark index the FTSE 100 fell 22.4 points to 5881.6 with oil stocks lower due to a 4% d...
The UK's benchmark index the FTSE 100 fell 22.4 points to 5881.6 with oil stocks lower due to a 4% decline in the price of crude oil for June delivery, dropping $1.14 to 27.80. BP lost 6p to 609.5 and Shell also lost 6p to 577p. HSBC fell 12.5p to 864.5p after saying it is seeking investor approval for a possible share issue. Britain's leading mobile phone company Vodafone slipped 4p to 195p after it sold £3.5bn worth of new shares in order to purchase a stake in Japan Telecom, which it bought from British Telecom as well as a stake in Spain's Airtel. Vodafone sold 1.825bn shares at 194p...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes