Vodafone fears pull London market down
Drops in telecom shares have pulled the London market lower, as investors showed nervousness about Vodafone’s full-year results.
The telecom giant reported pre-exceptional profit figures ahead of forecasts, of £4bn, although analysts remain concerned about Vodafone’s outlook, particularly in relation to the costs of the third-generation network.
Shares slid 3% during the day, off 6¾p at 188½p.
The fall took its toll on the FTSE-100 Index, which closed down a subdued 25.9 points at 5863.9.
