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London's FTSE 100 rebounds on Vodafone signal

Published 07/26/2019, 03:23 PM
Updated 07/26/2019, 03:30 PM
London's FTSE 100 rebounds on Vodafone signal
UK100
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VOD
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AAL
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PSON
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FTNMX551030
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.2%, FTSE 250 about flat
* Vodafone up on plans to create European mobile mast co
* Trading update lifts education company Pearson

July 26 (Reuters) - London's FTSE 100 recovered on Friday as
Vodafone jumped on plans to create a separate European tower
company and education firm Pearson gained after an upbeat
trading update.
Meanwhile Anglo American slumped after billionaire Anil
Agarwal said he would divest his stake.
The FTSE 100 index .FTSE added 0.2% by 0710 GMT, while the
midcaps were largely unchanged.
Vodafone VOD.L surged 8% after laying out plans to
separate its mobile mast infrastructure in 10 European markets
into a new organisation that it potentially could list.

Pearson PSON.L , the world's biggest education company,
climbed nearly 7% after saying it had traded well in the first
half of 2019 as its strategy to shift away from textbooks
towards digital begins to pay off. Miners .FTNMX1770 , however, weighed on the main bourse
with a 4% drop in Anglo American AAL.L after its biggest
shareholder Agarwal said he was divesting the nearly 20% stake,
and as copper prices fell after comments from the European
Central Bank dampened rate cut hopes.

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