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FTSE opens higher as Vodafone climbs on Swisscom deal - Market Report

FTSE opens higher as Vodafone climbs on Swisscom deal - Market Report

The FTSE 100 gained ground as the week’s final day of trading got underway.

All eyes were on Vodafone though, which climbed after putting pen to paper on the £6.8 billion sale of its Italian operations to Swisscom.

Also in the green was Scottish Mortgage Investment Trust, after it announced £1 billion was being set aside for share buybacks over the next two years.

Housebuilder Berkeley faced a worse start to the day though, as it fell after confirming sales were still muted and that full-year profits would likely be lower in a trading update.

Peers Barratt and Redrow also faced a blow meanwhile, with news that the Competition and Markets Authority had begun a probe into their proposed merger.

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