Telecom stocks fail to connect with FTSE traders

Telecoms stocks weighed on the London market today as new developments in two takeover tales failed to inspire investors.

Telecom stocks fail to connect with FTSE traders
Tue, 16 Aug, 2005 - 15:08

Telecoms stocks weighed on the London market today as new developments in two takeover tales failed to inspire investors.

Cable & Wireless was the heaviest blue-chip faller as traders gave a lukewarm reception to its acquisition of Energis, with stock nearly 5% or 7.75p to 155.25p lower by lunchtime.

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CourtsBusinessHeathrowPlace: LondonOrganisation: FTSEOrganisation: Cable & WirelessOrganisation: EnergisOrganisation: FootsieOrganisation: O2Organisation: Deutsche TelekomOrganisation: KPNOrganisation: Royal & Sun AllianceOrganisation: Goldman SachsOrganisation: Friends ProvidentOrganisation: Norwich UnionOrganisation: AvivaOrganisation: Daily Mail & General TrustOrganisation: Deutsche BankOrganisation: ITVOrganisation: Reuters
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