Technology issues paced losses in London trading at the end of the week as investors were caught in the downdraft from sharp selling in the space across the Pond.

Home construction stocks were also lower, amid reports that lenders were tightening lending standards.

Further dampening sentiment towards the likes of Barratt, Countryside, Persimmon and Taylor Wimpey, the Competition and Markets Authority announced that it had opened cases against the four companies.

The regulator said the companies may have imposed unfair terms on leaseholders and misled buyers.

Acting as a drag on the mobile telecommunications space, Vodafone‘s Indian unit laid out plans to raise as much as 250bn rupees (£2.56bn) in fresh capital.

The sale of approximately 150bn rupees was approved by Vodafone Idea on Friday.

Shares in Vodafone Idea had jumped over the preceding two session after the country’s highest court gave the firm 10 years to pay back billions owed to New Delhi.

According to Bloomberg, which cited people familiar with the matter, the carrier was no longer seeking a bankruptcy filing.

Top performing sectors so far today

Industrial Metals & Mining 3,306.53 +2.84%

Mining 18,069.62 +1.85%

Industrial Engineering 12,462.87 +1.39%

Banks 1,976.66 +0.91%

Construction & Materials 6,033.79 +0.54%

Bottom performing sectors so far today

Technology Hardware & Equipment 2,188.70 -2.97%

Household Goods & Home Construction 16,700.79 -2.94%

Mobile Telecommunications 2,406.65 -2.32%

Electricity 7,065.22 -2.31%

Gas, Water & Multiutilities 4,648.08 -2.24%