The FTSE 100 index is down about 21 points to 4,435 after demonstrations of new mobile phone technology failed at the CeBit technology fair in Hannover yesterday afternoon.
MmO2 is down 3.25p to 98.5p after attempts to show off the capability of its third generation, 3G, technology resulted in numerous failures to download video to a mobile phone. Dutch mobile network operator KPN this morning meanwhile said it would not increase its offer to acquire MmO2 beyond the price already discusses, which the UK firm’s board has already rejected as too low. Hilton Group is down 3.5p to 216.25p following its admission yesterday that hotel room rates may not recover for another couple of years. Rio Tinto is down 21p to 1,357p after declaring force majeure on export...
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