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Vodafone tips stock market balance

Vodafone tips stock market balance
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Vodafone today (July 23rd) favourably tips stock market growth, as the FTSE 100 gained 0.2 per cent in volatile trading conditions.

Share traders still await the outcome of stress tests on European banks, due later on Friday, with financial groups weighing down Britain's top share index, reveals Reuters.

First-quarter growth at 1.1 per cent for the mobile phone company helped increase its value by one per cent, as Britain, Germany and Turkey provided strong revenues during the early part of the year.

Miners also contributed to keeping stock exchange performance positive, as firmer metal prices improved investor appetite for commodity stocks.

Finance data released today by the Office for National Statistics shows the British economy grew twice as fast as predicted in the second-quarter of 2010.

Gross domestic product leapt 1.1 per cent on the previous three-month period and was up 1.6 per cent on the year, the first positive reading since 2008.

Posted by Greg SeckerADNFCR-1681-ID-19904974-ADNFCR