Despite rumours of a takeover bid for Barclays from Citigroup - which earlier in the day saw its share price climb 11%, the FTSE 100 index has still closed down thanks to worries about profits at BA and Vodafone.
The FTSE 100 index closed down 47.5 points or 1.1% to 4365.9 as there are concerns the rising oil price – which earlier in the day hit an all-time high – will hurt British Airways’ profit potential. The oil price is currently at around $43.97 per barrel, having earlier in the day hit $44.41, lowering British Airways by 14p or 4.6% to 212.75p. Imperial Chemical Industries also closed down 5p or 2.2% to 227.25p. Vodafone also closed down 2.5p or 2.1% to 117.5p after reporting its user numbers in Japan are down for the first time. Speculation about banking takeovers played a domina...
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