Vodafone drags FTSE down as oil price climbs again

The FTSE 100 index eventually closed down 12.9 points or 0.3% to 4545.6 thanks largely to Vodafone – the largest stock on the index by volume – which on its own knocked 11 points off the index. The FTSE All-Share index also fell 0.3% to 2260.6 while the FTSE 250 index dropped 21 points or 0.3% to 6251.4. Vodafone closed down 4p or 3% to 129.25p while its rival MMO2 fared better and managed to close flat – having followed a similar path to Vodafone – and Colt Telecom dropped 3.25p or 6.6% to 46p. BT Group also dropped 1.25p or 0.7% to 185p. British Airways closed down 5.5 or 2.4% to 22...