FTSE 100 nudges higher despite telecoms slump over Labour’s broadband plan

The FTSE 100 closed 10.18 points higher at 7,302.94 at the end of trading on Friday.

BT was among companies to see shares fall after Labour announced plans to turn broadband into a public service (PA)

By PA City Staff

The London market nudged higher despite a mixed day which saw telecoms firms slump after the Labour Party outlined plans to turn broadband into a public service.

Jeremy Corbyn sent shock-waves through the City after unveiling a £20 billion scheme to part-nationalise BT which pulled the telecoms giant lower for the day, as well as rivals such as Vodafone and TalkTalk.