The best performance from Vodafone for five years has pushed the FTSE 100 back past the 6,600 mark to end the session up 36 points, or 0.55%, to 6,606.5.
Vodafone ended the day up 5.48% to 159.7p, as it reported organic growth of 4.3% and is predicting a better than expected group revenue of £33.3bn to £34.1bn for the current year.
British Airways also performed well with a rise of 4.66% to 482.5p, closely followed by BSkyB which added 3.2% to 660.5p, while Mitchells & Butler climbed 3.18% to 892p, and Cadbury Schweppes advanced 2.99% to 723.5p.
GlaxoSmithKline was the biggest loser with a fall of 2.1% to £13.06, following reports doctors in the US are not using its diabetes drug Avandia on suggestions it could increase the risk of heart attacks.
Meanwhile commodity stocks also suffered as among miners Vedanta Resources slipped 1.41% to £14.69, closely followed by Rio Tinto which dropped 1.14% to £36.33, while energy firm BG Group fell 1.29% to 764.5p, and British Land declined 1.41% to £14.
In the US, the Dow Jones Industrial Average is up 26.74 points, or 0.2%, to 13,534.02 in early trading, following better-than-expected consumer confidence data and new takeover talks.
Verizon Communications is posting the biggest gains with a rise of 1.18% to $43, closely followed by Procter & Gamble which is up 1.08% to $63.64, while IBM has advanced 1.03% to $106.26.
American Express is also up 0.91% to $64.21, while Intel has added 0.86% to $22.36, although gains are being limited by Exxon Mobil which is the biggest loser so far with a drop of 0.91% to $82.75.
Alcoa has also fallen 0.83% to $40.56, closely followed by General Motors which has slipped 0.75% to $30.26, while McDonald’s has dropped 0.69% to $50.55, and Disney has declined 0.56% to $35.83.
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Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
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