Vodafone Share News (VOD)

- Resolution drops after cancelling capital return- Footsie edges back from two-month high- Eurogroup to discuss Spanish assistanceThe FTSE 100 opened firmly in the red on Friday morning, tracking US and Asian markets lower overnight; Resolution and Vodafone were among the worst performers in London early on.Yesterday, the Footsie finished at 5,714, a closing level not surpassed since May 3rd, when it finished at 5,767.Eyes will be on the Eurogroup today as they meet to discuss the memorandum of understanding (MoU) for financial assistance to Spain's banks. "We expect that the Eurogroup will approve the MoU (which was approved yesterday by the German parliament) without any substantial changes to the version that has circulated last week. In our view the banking sector measures are well targeted to complete the cleanup of the banking system and, if the programme is also well implemented, is likely to be credible for the markets," said analysts at Barclays Capital.Worrying investors yesterday were escalating borrowing costs for Spanish debt on the secondary sovereign debt market. Today, the yield on a 10-year Spanish bond was three basis points lower at 7.008%.FTSE 100: Resolution and Vodafone provide a dragShares in UK life insurance and asset management group Resolution dropped sharply after the group cancelled the cash return of £250m set for the first half of 2012 due to "uncertainty" in the markets. The group said that the decision was based on its estimated capital position as at the end of June after working out the expected future capital requirements of Friends Life Group "against a backdrop of heightened investment, economic and regulatory uncertainty." Telecoms group Vodafone declined early on after reported revenues fell by 7.7% (up 1% on an organic basis) in the first quarter with unfavourable foreign exchange movements in Europe providing a drag.Anglo American, one of the largest mining companies in the world, was a high riser after it saw volume growth across most of its portfolio in the second quarter, with the exception of platinum and diamond production.FTSE 250: C&W Comms takes a hit early onTelecoms firm Cable & Wireless Comms dropped despite saying that the overall trading performance in the first quarter was in line with its initial outlook. The group said that voice revenues continue to decline across the group as market conditions in the Caribbean and Panama remain tough.London Stock Exchange (LSE) was on the up on the back of rumours that is in merger talks with Singapore Exchange. The Telegraph reported that the CEOs of both firms had informal discussions recently, while the Financial Times said that they were not thinking about a "full-blown merger".Banking, securities and asset management firm Close Brothers fell after admitting that difficult trading conditions in the Winterflood division continued to affect its overall performance during the five months ended June 30th.HomeServe, the international home emergency business, advanced after saying it continues to grow its international businesses and is making progress in the UK in simplifying and refocusing the business.FTSE 100 - RisersWeir Group (WEIR) 1,556.00p +2.03%Anglo American (AAL) 2,060.50p +1.25%Rolls-Royce Holdings (RR.) 877.50p +1.15%IMI (IMI) 816.50p +1.11%ARM Holdings (ARM) 497.00p +1.10%Meggitt (MGGT) 406.10p +1.04%Johnson Matthey (JMAT) 2,224.00p +0.91%Amec (AMEC) 1,097.00p +0.64%Admiral Group (ADM) 1,176.00p +0.60%Ashmore Group (ASHM) 331.50p +0.48%FTSE 100 - FallersResolution Ltd. (RSL) 212.60p -6.71%Vodafone Group (VOD) 177.85p -2.84%Evraz (EVR) 247.10p -1.32%Kingfisher (KGF) 268.20p -1.25%Aberdeen Asset Management (ADN) 255.70p -1.24%Hammerson (HMSO) 462.50p -1.03%Associated British Foods (ABF) 1,275.00p -1.01%National Grid (NG.) 660.00p -0.90%Standard Chartered (STAN) 1,506.00p -0.86%Aggreko (AGK) 1,992.00p -0.85%FTSE 250 - RisersRuspetro (RPO) 146.00p +5.19%Homeserve (HSV) 196.70p +4.41%JD Sports Fashion (JD.) 725.00p +4.32%Ted Baker (TED) 907.50p +2.60%Yule Catto & Co (YULC) 149.40p +2.33%Bodycote (BOY) 337.90p +1.87%London Stock Exchange Group (LSE) 1,042.00p +1.86%Fenner (FENR) 364.00p +1.79%Regus (RGU) 90.25p +1.63%Invensys (ISYS) 246.00p +1.57%FTSE 250 - FallersDrax Group (DRX) 524.50p -3.76%Brewin Dolphin Holdings (BRW) 151.10p -3.39%Cable & Wireless Communications (CWC) 32.24p -3.12%SEGRO (SGRO) 230.70p -2.78%Kenmare Resources (KMR) 34.00p -2.41%Menzies(John) (MNZS) 615.50p -2.30%BH Global Ltd. USD Shares (BHGU) 11.23 -2.26%Moneysupermarket.com Group (MONY) 130.90p -1.95%TR Property Inv Trust Sigma Shares (TRYS) 64.05p -1.91%Redrow (RDW) 129.10p -1.90%BC