Vodafone Rumours Support FTSE

WEDNESDAY MARKET UPDATE: Shares in Vodafone rallied by nearly 7% on rumours Verizon might buy out Vodafone's stake in Verizon Wireless or possibly buy all of Vodafone

Alanna Petroff 6 March, 2013 | 6:21PM
Facebook Twitter LinkedIn

Despite a rally earlier in the day, the benchmark FTSE 100 index sank back in the afternoon and ended the trading day relatively unchanged. The index edged down by 4 points, or 0.1%, to close near a 5-year high at 6,428.

"Gains were pared going into the close as some investors chose to lock in profits ahead of a busy schedule of economic data and central bank decisions for the last two trading sessions of the week," said Fiona Cincotta, a market analyst at City Index.

Meanwhile, the mid-cap FTSE 250 index held on to some of its morning gains and closed the day at 13,923, which is 62 points, or 0.5% higher, compared to yesterday's close.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Imperial Brands PLC1,589.00 GBX-0.69Rating
Verizon Communications Inc56.58 USD0.37Rating
Vodafone Group PLC131.36 GBX0.86Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement