BP, Vodfone cut FTSE enthusiasm

The oil giant lost 10.75p to 416p, shedding some £2.3bn in market value. Foreign currency fluctuations and acquisition costs bit into profits. Even OPEC’s announcement this afternoon that it was getting tougher on output quotas failed to rally the share price. Vodafone shed another 1.75p to 133.75p as investors again punished its developing plans to make a bid for AT&T Wireless in the US. British Airways jumped 12.5p to 302p after Deutsche Bank upgraded its recommendation to ‘buy’, upping the target price in the process. BOC gained 25p to 915.5p as investors followed a director’s le...