Vodafone Tilts at Top Spot As City Cheers Bid Failure ; Market Report

Summary


VODAFONE vied for much of the day with banking giant HSBC to re- establish itself as Britain's biggest company. At one stage, more than Pounds 6 billion was added to its Pounds 90 billion market value as the price touched 1421/2p, with 1.2 billion shares changing hands.

It later saw its lead cut to 61/2p at 139p at which it is capitalised at Pounds 94 billion - a smidgen behind HSBC.

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Vodafone Tilts at Top Spot As City Cheers Bid Failure ; Market Report

The rise in Vodafone also succeeded in dragging the wider market higher after its Pounds 19 billion offer for ATT Wireless bit the dust.

The City ...

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