FTSE 100 Risers & Sliders: Vodafone edges higher, while Standard Life struggles
The British telco had a good week despite topping its regulators complaints league table, while Standard Life saw its share price fall more than 5% on Friday after a major shareholder looks to sell down their stake.
Vodafone has performed well this week despite comping out on top of regulator Ofcom’s complaints league table, with it receiving 27 complaints for every 100,000 customers of its home broadband in its third quarter.
The news was shrugged off by the British telecoms company though, with its share price edging higher, up 1% this week.
Capita also put in in a relatively strong performance this week, with the FTSE 100 overall having a good week, climbing more that 130 points for a gain of more than 1.8%.
Capita has seen its share price climb by a little more than 3% this week, despite the outsourcing company being stripped of its army recruitment contract after missing its targets.
The company was quick to respond to its failings, with its CEO Jon Lewis saying that Capita will introduce new technologies and business practices ‘that will help us recruit more quickly and effectively’ in the future.
FTSE 100 Fallers
Standard Life were having a good week, with its share price edging higher by more than 2% from Monday through to Thursday, only for it to tumble more than 5% on Friday morning after news broke that one of its largest shareholders had launched a trade to sell-down their stake in lender.
Elsewhere in market, Dixons Carphone struggled this week, with the electrical and telecoms retailer seeing its share price fall more than 2.8% over the last five days.
The company is under increased pressure from shareholders following a decline in mobile phone and electrical goods sales, prompting interest from activist shareholder Elliot Advisors, which in late-January said that it is weighing up whether to acquire a significant stake in the business.
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