Dow Jones

Vodafone has seen its biggest share losses in over three months today after Citigroup downgraded their interest in mobile operators.

Having done well yesterday, Vodafone is this morning less than popular with shareholders as Citigroup has suggested traders sell the mobile phone giants MMO2 and Vodafone.

The FTSE 100 index eventually closed up 8.3 points or just 0.18% to 4,546.3 on Friday as a result of takeover talk for Sainsbury.

A bad start to the day for Compass Group left the London stocks struggling to recover after MFI Furniture Group also reported bad news.

The FTSE 100 index eventually failed to make any headway on this morning's trading, as news of the Amvescap settlement with US regulators kept the market down.

Loss of dividends for some investors on yet another stock - this time it is the turn of Legal & General - is dragging the stock markets down this morning, as there is little else to inspire confidence.

Reduced profit potential for GlaxoSmithKline, according to one investment firm, halted the FTSE's stronger run over recent days to leave the main index virtually flat by close of London trading.

Drinks giant Allied Domecq had an interesting few days on the FTSE last week, but has again made further gains by close of business on Monday, along with money manager Man Group.

It's good news for the drinks giants Diageo and Allied Domecq which really buoyed London trading on Friday.

Shares on the UK stock markets closed down today for the first time in over a week after major names Vodafone and British Airways lost ground.