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The logo of mobile phone giant Vodafone welcomes visitors at a retail shop in central London, England, on January 30, 2018.
ben stansall/Agence France-Presse/Getty Images
BT Group and Vodafone were the best performing U.K. blue chips on Tuesday, after the U.K. government allowed the telecom operators to slowly phase out the use of Huawei Technologies equipment.
The U.K. government gave the firms until 2027 to remove equipment made by China’s Huawei for their 5G networks.
BT BT.A, +3.64% rose 3.4% and Vodafone VOD, +2.38% added more than 2%.
Halma HLMA, -5.23% headed in the opposite direction, losing 5%. The hazard detection company forecast its adjusted pretax profit in the year to March 31 to drop between 5% and 10%.
The broader FTSE 100 UKX, -0.37% edged 0.3% lower.
The pound GBPUSD, -0.26% traded at $1.2532 vs. $1.2553 on Monday, following the release of data showing the U.K. economy in May was still about 25% lower than its pre-COVID peak.
