Market Report
15 May
Sunday newspaper round-up: Vodafone, Bank of England, Ukrainian grain
State-controlled Emirates Telecommunications Group has amassed a 9. 8% stake in Vodafone. However, Etisalat, as the Abu Dhabi telecoms operator is know, has said it has no intention of making a takeover bid nor is it "seeking to exert control or influence". That statement in effect bars it from being able table a bid for six months. Be that as it may, Enders analyst. , Karen Egan, believes that the move adds to the pressure on Vodafone boss, Nick Read, to accelerate his restructuring plans.
13 May
US close: Dow Jones snaps six-day losing streak
Wall Street stocks closed higher on Friday, snapping a six-day losing streak for the blue-chip Dow Jones.