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| UK Market Update Archive: |
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Vodafone Drops 14%, UK Stocks Struggle
Jul 22, 6:49 PM ET |
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| The UK Treasury and the Bank of England look for ways to expand their regulatory powers in times of financial crisis. |
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| After choppy trading, stocks in UK closed lower on a weakness in energy, mining and financial sectors. Crude oil futures dropped for the second week in a row and is now nearly $20 a barrel lower from its record $147 level. Vodafone Group dropped 14% after it indicated annual revenue at the low end of its estimate. Cairn Energy led the FTSE 100 index gainer with a rise of 6% and Vodafone led the decliner. |
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