Newspaper article The Journal (Newcastle, England)

Vodafone Rises on Back of Latest Growth Plan

Newspaper article The Journal (Newcastle, England)

Vodafone Rises on Back of Latest Growth Plan

Article excerpt

Byline: FTSE 100 ADAM MARTELL Brewin Dolphin

WITH the Queen having "purred" in appreciation of Scotland's decision to remain in the United Kingdom, FTSE 100 investors were also in a content mood, with the index rising 30.2 points to 6706.3 yesterday.

Vodafone featured in the FTSE 100 Index list of risers as investors responded to hearing its latest growth plan and shares ended the day up 2.8% at 204.25p. Vodafone pledged to invest more in creating the best mobile network and attract more customers who are willing to pay higher prices for better quality services.

Iron ore is a key commodity for the global economy and many mining stocks, such as BHP Billiton and Rio Tinto.

The price of iron ore slumped to a five year low this week, due in part to the issues of a global supply surplus and falling demand in China. Although this makes for a challenging environment for the major mining companies, news that BHP Billiton is considering spinning off its noncore aluminium and manganese division was received well by the market with its shares up 3. …

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