Yesterday's mobile popularity is today's FTSE "sell"

clock

Having done well yesterday, Vodafone is this morning less than popular with shareholders as Citigroup has suggested traders sell the mobile phone giants MMO2 and Vodafone.

As a result of negative reports about mobile operators, the FTSE 100 index is currently down 10.8 points or 0.2% to 4547.7 and the FTSE All-Share index is off 0.2% to 2262. Vodafone – the largest stock on the FTSE by volume - is 2.5p or 1.9% lower to 130.75p and MmO2 is down 1p or 1.1% to 93.5p after Citigroup analysts suggested firms were going to have to do more to retain customers, and were therefore likely to damage profitability. High street clothes chain Next is up 58p or 3.8% to £15.75 after announcing first-half net income of £112.5m. And GlaxoSmithKline shares are up 12p o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read
Evelyn Partners launches Index MPS range into IFA market

Evelyn Partners launches Index MPS range into IFA market

Five risk-rated portfolios to help cost-conscious investors

Jenna Brown
clock 20 May 2025 • 1 min read
Three Invesco funds fail to deliver value to investors

Three Invesco funds fail to deliver value to investors

Manager's annual assessment found some poor performance

clock 14 May 2025 • 2 min read