The FTSE 100 Index fell 7.60 points, or 0.1%, to 6,187 points today following a poor start on Wall Street.
Vodafone fell 0.37% to £1.35, despite interim underlying profits coming in at £6.24bn, compared with forecasts for about £6.1bn.
Energy group and bid target Scottish Power declined 0.67% to £7.38 on rumours Spanish utility Iberdrola is considering a move for Gas Natural rather than the UK group.
BSkyB also fell 2.36% to £5.37 after Deutsche Bank said the satellite broadcaster’s Rupert Murdoch guided down forecasts for next year at a meeting with analysts in Sydney.
Meanwhile, Intercontinental Hotels gained 1.62% to £10.65 after it reported continuing operating profits are up 13% to £53m in the three months to the end of September.
Northern Foods rose 5.81% to 91p after it posted a slide in pre-tax profits before exceptionals for the half-year, but said the result was in line with expectations and the dividend cut may not have been as heavy as expected.
In the US, the Dow Jones industrial average is little changed, up 5.68 points, or 0.05%, at 12,137.56 points, as a disappointing outlook from home improvement chain Home Depot overshadows strong results from Wal-Mart Stores.
Home Depot has fallen 1.4% to $35.91 after it reported a quarterly profit which missed analysts' estimates and sharply cut its forecast for earnings and sales growth this year.
Shares of Wal-Mart, the world's biggest retailer, have risen 2.9% to $47.65 after it posted a higher-than-expected quarterly profit and forecast fourth-quarter same-store sales would be up 1 to 2%.
Rival Target has also reported a bigger-than-expected rise in quarterly profit and its shares have gained 1.3% to $58.48.IFAonline
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