The FTSE 100 Index is trading fractionally down about 7 points to 4,796 this morning, although mobile phone company Vodafone is doing its bit to hold the market steady
Vodafone is up 2.50p to 145.25p after announcing it will double the six-month dividend and extend a share buy-back by another £1bn to increase shareholder returns after sales fell for the first time. The interim dividend goes up to 1.91p per share from 0.95p this time last year. Emap is up 11.50p to 823p, recovering from yesterdays 25.50p loss. Gallagher is down 25.50p to 692p on news the government is readying a ban on smoking in all workplaces and pubs serving food. Fellow tobacco stock Imperial is down 21p to 1,321p. Enterprise Inns, which runs pubs, has shed 27.50p to 594p. ...
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