FTSE 100 falls after recent gains

The FTSE 100 ended the day 0.74 per cent lower at 5,364.10 points, marking the end of last week's rally.

The index has risen for the last three sessions, and was up 0.5 per cent last night.

Vodafone led the losers, falling 13.57 per cent to 129p on a gloomy outlook in its trading statement this morning.

Other telecoms stocks tumbled, with Carphone Warehouse dropping 5.53 per cent and BT down 3.53 per cent.

Enterprise Inns also weighed on the FTSE 100, falling 13.38 per cent on similarly pessimistic predictions.

Severn Trent posted a more optimistic trading statement this morning, in line with expectations, and its stock rose 3.79 per cent as a result. The news also boosted United Utilities, which was up 3.19 per cent at the end of trading to 728.5p.