The FTSE 100 index is down about 21 points to 4,390 this morning as investors wiped more than £3bn in market value off Vodafone after unconfirmed reports it has tabled a bid worth up to $38bn for US operator AT&T Wireless.
Vodafone is down 5p to 131p, its lowest since mid-November last year, as analysts warn investors it could take more than two years for the acquisition to become profitable. BG is down 5p to 271p ahead of results tomorrow, which are expected to show a big jump in quarterly profit on rising energy prices. Shares have moved sideways in a band between 260p to 285p since October last year. National Grid Tansco is up 3.75p to 412p with intraday prices moving up on colder weather predicted in the next 24 hours. British Airways is up 2.75p to 313.75p after China agreed to quadruple the nu...
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