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

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read