Vodafone is biggest contributor to FTSE 100

13 January 2014 |

British mobile operator Vodafone was the largest contributor to the rise in the FTSE 100 last year, the Financial Times reports.

The company was responsible for more than 2.6% of the FTSE 100’s 14.4% rise last year – larger than that of the next three largest contributors combined, and the biggest since 2000.

Vodafone has reportedly made a record with its contribution as the highest percentage points contributor to the UK blue-chip index of any company in the last 10 years.

2013 saw the British firm sell its 45% stake in Verizon Wireless and acquire Kabel Deutschland, and despite difficulties in some of its European markets, the company’s share price increased 50% for the year.

Financial Times analysts noted a broader range of companies contributing to the index in 2013, compared to 2012 which was largely dominated by the banking sector.

Pharmaceutical firm GlaxoSmithKline was the second-largest contributor for this year – accounting for 0.9% of the total increase – and, for the second year running, Lloyds Banking Group and insurance company Prudential were among the top five contributors.