LONDON, May 16 — UK’s blue-chip index edged higher today, as gains in Vodafone after United Arab Emirates’ e& bought a stake in the mobile operator offset jitters over subdued data from China that stoked slowdown concerns in the world’s second-largest economy.
Vodafone jumped 3 per cent after telecoms group e& bought a 9.8 per cent stake in the company for US$4.4 billion .However, keeping the global mood in check, data showed that China’s retail and factory activity fell sharply in April as wide Covid-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains. Read full story
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