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Vodafone leads FTSE 100 higher Vodafone leads FTSE 100 higher
(about 4 hours later)
(Open): Vodafone was the star performer on the FTSE 100 in early Friday trading, adding 2.8%, as the benchmark index made modest gains. (Noon): Vodafone was the star performer on the FTSE 100 in Friday morning trading, adding nearly 4%, as the benchmark index made modest gains.
On Tuesday, the mobile phone operator reported a rise in quarterly sales for the first time in almost three years on increased demand for 4G services.On Tuesday, the mobile phone operator reported a rise in quarterly sales for the first time in almost three years on increased demand for 4G services.
Overall, the FTSE 100 was up 15.57 points or 0.22% at 7,029.04. Overall, the FTSE 100 was up 20.16 points or 0.29% at 7,033.63.
The pound gained 0.04% against the dollar to $1.5667 and fell 0.31% against the euro to €1.4051. The pound fell 0.1% against the dollar to $1.5646 and fell 0.85% against the euro to €1.3974.
Other big risers on the FTSE included Imperial Tobacco, up 1.2%, and AB Foods, owner of the Primark clothing chain, which gained 1%. The next four big risers on the FTSE were all mining stocks. BHP Billiton, Fresnillo, Anglo American and Randgold Resources all gained about 1.7%.
Telecoms giant BT topped the losers' list, shedding nearly 1%. British Airways owner IAG topped the losers' list, shedding 1.7%, after a renewed rise in crude oil prices hit travel-related businesses.
Water firm Severn Trent fell 1.5%, despite reporting a 3.2% rise in full-year profits, while telecoms giant BT was down 1.3%.