Second day of losses for FTSE

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London's main index is down by around 11 points to 4,393 so far today as almost seven in 10 of the FTSE 100's stocks have dropped.

BSkyB is down 8.5p to 758.5p - even as the company promises to pay a dividend for the first time since 1998 - after second quarter profit tripled on the same period last year. AstraZenica is down 42p to 2,612p after one of its biggest institutional investors said it was selling shares equivalent to 1.2% of the company in order to reduce its exposure to the pharmaceutical sector. Vodafone shed 1p to 132.75p as the company’s executives continued plans to spend up to $30bn taking over one of the US’ biggest mobile network operators. This is despite objections from Vodafone’s own sharehol...

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