Stocks in the UK gained this morning after analysts recommended investors buy Vodafone, sending the FTSE 100 index up 30.1 points to 6,216.70.
Vodafone gained 2.4% to 138.75p after analysts at Deutsche Bank upped their share price target to 155p on the back of results yesterday, which beat many profit expectations. Big oil helped too, with Shell up 0.7% to £18.82 and BP up 0.4% to 595.5p. Land Securities added half a percent in value to £21.75, while music group EMI put on 1.75p to 275p. Results show earnings are down in the first half of the year, but not by as much as expected. Retail did less well, with Sainsbury’s down 2.75p to 409.75p, and Kingfisher down 5.25p to 266.5p. Shares gained across Europe this morning follo...
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