Footsie slides in early trading

Investors in Yell voiced their disappointment today with a £2.3 billion deal for a leading publisher of directories in Spain.

Footsie slides in early trading
Fri, 28 Apr, 2006 - 12:52

Investors in Yell voiced their disappointment today with a £2.3 billion deal for a leading publisher of directories in Spain.

The owner of the Yellow Pages said it would need to issue new shares to raise £350 million towards the cost of acquiring TPI from Telefonica, sending its shares 3% or 14p lower to 515.5p.

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