The FTSE100 has fallen sharply this morning after poor trading updates for Vodafone and pub company Enterprise Inns. London's blue-chip index is currently 77.20 points (1.43%) lower to 5327.10.
Declines in on-trade beer volumes has struck Enterprise, down 13.96% to 297.50. Telco giant Vodafone is not faring much better, as it cautions on yearly earnings estimates. It is 12.9% lower to 130 so far. Carphone Warehouse is also in decline, 6.62% lower to 188.40. Better news for Cairn Energy on a good morning for the oil groups, up 7.55% to 2778. Oil services provider John Wood Group is also higher, up 5.22% to 423. A 33% revenue increase has boosted Johnson Matthey, 3.66% ahead to 1729. In New York, a late Bank of America-led rally was not enough to push the Dow Jones IA into the b...
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