The FTSE 100 Index has slipped 81.3 points, or 1.5%, to 5539.6 points this morning, led by Vodafone.
Vodafone has dropped 1% to 116.25p on reports Deutsche Bahn AG may sell its 18% stake and Deutsche Bank AG may sell its 8% holding in Vodafone's Arcor unit. Xstrata, which has made a $14.6bn hostile bid for Canadian miner Falconbridge, has declined 72p, or 3.8%, to 1,823p. Anglo American has also lost 73p, or 3.8%, to 1,870p. In Japan, the Nikkei 225 Stock Average slumped 614.41 points, or 4.1%, to 14,218.6 points, its biggest points loss since the day after the 11th September 2001 terrorist attacks. Exporters led declines as a seventh Federal Reserve official warned US inflation is...
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