This is Devon --
Mobile phone giant Vodafone reversed share gains yesterday as bid speculation was quashed, while the wider FTSE 100 Index also slumped into the red after weak economic data in the US and UK.
Disappointing jobs and non-manufacturing figures from the US compounded falls in London, with the FTSE 100 closing 70.4 points lower at 6420.3.
The top tier had already started trading on the back foot after Verizon denied it was plotting a record-breaking bid for Vodafone.
On Wall Street, a report showing US private-sector jobs growth for March missed expectations sent the Dow Jones Industrial Average 70 points lower.
Falls were mirrored across Europe, with the Dax in Frankfurt down almost 70 points and the Cac 40 in Paris more than 45 points lower.
Weak UK economic figures also put pressure on the FTSE 100 after a survey of purchasing managers revealed the fifth consecutive month of shrinking output from the construction sector.
The figures stoked fears over Britain's recovery and left hopes of avoiding a triple dip recession pinned on the dominant services sector. All eyes are now on central banks, with the European Central Bank and the Bank of England due to announce monetary policy decisions today. Reported by This is 5 hours ago.
Mobile phone giant Vodafone reversed share gains yesterday as bid speculation was quashed, while the wider FTSE 100 Index also slumped into the red after weak economic data in the US and UK.
Disappointing jobs and non-manufacturing figures from the US compounded falls in London, with the FTSE 100 closing 70.4 points lower at 6420.3.
The top tier had already started trading on the back foot after Verizon denied it was plotting a record-breaking bid for Vodafone.
On Wall Street, a report showing US private-sector jobs growth for March missed expectations sent the Dow Jones Industrial Average 70 points lower.
Falls were mirrored across Europe, with the Dax in Frankfurt down almost 70 points and the Cac 40 in Paris more than 45 points lower.
Weak UK economic figures also put pressure on the FTSE 100 after a survey of purchasing managers revealed the fifth consecutive month of shrinking output from the construction sector.
The figures stoked fears over Britain's recovery and left hopes of avoiding a triple dip recession pinned on the dominant services sector. All eyes are now on central banks, with the European Central Bank and the Bank of England due to announce monetary policy decisions today. Reported by This is 5 hours ago.