03.11.202516:34:22UTC+00FTSE 100 Falls on Monday, Vodafone Weighs

On Monday, the FTSE 100 experienced a decline, primarily due to the slump in mining stocks and Vodafone. Shares of Vodafone plunged approximately 5% following UBS's decision to downgrade the stock to a sell rating. UBS highlighted several overlooked threats, such as increased competition from fibre networks in German multi-dwelling units, potential revenue challenges for Spanish Vantage Towers, and the risk of losing its national roaming agreement with 1&1 should Telefonica acquire the provider. Mining companies faced setbacks as well, with Anglo American and Glencore seeing declines of around 2.5%, Rio Tinto dropping over 2%, and Antofagasta falling more than 1.5%. However, BP saw a 0.9% increase after revealing plans to divest stakes in two onshore assets in the U.S. Financial stocks with exposure to China, like HSBC and Standard Chartered, showed positive performance due to reduced U.S.-China trade tensions. As investors anticipate the Bank of England's policy decision on Thursday, where the majority expect interest rates to remain unchanged, caution prevails.