FTSE flat in early trades, Vodafone jumps on share buyback - Market Report Proactive - Interviews for investors

The FTSE 100 held flat this morning after a mixed bag of company results failed to push the blue-chip index in a specific direction.

Vodafone lifted slightly in early trades despite cutting its dividend, after management announced a €2 billion share buyback. Both sales and profits sank at the telecoms giant - no surprise to the market which had already forecast the slump.

Paddy Power owner Flutter dropped after reporting one of its last results as a London-listed company. Although it highlighted growth in its US sportsbook FanDuel and in company-wide sales, the group saw its losses widen due to higher non-cash charges.

Anglo American, which has been a takeover target for some weeks now, announced company-wide changes including the sale of its De Beers diamond business and the divestment of its steelmaking coal business.

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