Footsie withstands C&W shock

The London market absorbed the shock of a warning from Cable & Wireless about earnings prospects at its troubled UK business to tip toe ahead today.

Footsie withstands C&W shock
Tue, 31 Jan, 2006 - 11:26

The London market absorbed the shock of a warning from Cable & Wireless about earnings prospects at its troubled UK business to tip toe ahead today.

Shares in C&W plunged 15% to shake the faith of investors in the telecoms sector and drag heavyweights Vodafone and BT Group into the red as well.

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