Trading on the London Stock Exchange was less than comfortable today, after Vodafone - one of the largest UK stocks by volume - has had its biggest drop in almost 18 months on the back of a profit warning.
The FTSE 100 index fared relatively well considering and closed the day down just 10 points or 0.3% to 4418, after Vodafone officials declared profitability may not improve on last year. As a result, Vodafone slumped 5% to 128.75p, but this is still considerably better than Vodafone’s drop under the £1 mark last year. Emap, the publisher, also reported a potential profit warning and saw its biggest fall in share price in 13 months, after stocks plunged 90p or 11% to 756p. Other news on the oil price looks a little more encouraging, as OPEC says it expects the price of oil per barre...
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