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FTSE 100 gainers lead by Vodafone as it rises further on results | |
(about 4 hours later) | |
(Noon): Vodafone has increased its gains in midday trading after results showed improvements in its major UK and German markets. | |
Vodafone was almost 4% after it earlier reported first-quarter organic service revenue up 0.8%, faster than the 0.1% recorded last time. | |
Pearson lost most of its earlier rise to stand 0.3% higher following news of its FT sale. | |
The FTSE 100 index was 7.94 higher at 6,662.95 points. | |
Shares in drinks behemoth Diageo shed 2% after the US watchdog, the SEC, said it was investigating the company over allegations it had been boosting the appearance of sales by shipping out more orders than had actually been placed. | Shares in drinks behemoth Diageo shed 2% after the US watchdog, the SEC, said it was investigating the company over allegations it had been boosting the appearance of sales by shipping out more orders than had actually been placed. |
Shares in plant hire business Ashstead dropped another 2%, putting it on course for a 12% fall over the week - its worst since 2011. It fell after investors sold out of rival hire business United Rentals following disappointing figures. | Shares in plant hire business Ashstead dropped another 2%, putting it on course for a 12% fall over the week - its worst since 2011. It fell after investors sold out of rival hire business United Rentals following disappointing figures. |
Outside the FTSE, shares in FTSE 250 miner Lonmin fell 14% after it announced a thorough restructuring and 6,000 job cuts. | |
And electricity generator rental firm Aggreko also plunged 14% after it issued a profits warning. | |
On the currency markets, the pound fell 0.11% against the dollar to $1.5496 but rose 0.16% against the euro to €1.4143. |