5 Nov 2015 08:30
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
CWC.L Share News (CWC)
CWC Share
Price
CWC Share
News
CWC Share
Chat
CWC Share
Trades
CWC
Live RNS
CWC Share
Charts
CWC Broker
Ratings
CWC Directors
Deals
CWC Financial
Diary
CWC
Fundamentals
CWC Short
Positions
CWC
Media
CWC.L Information
- There is currently no data for CWC
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Cable & Wireless swings to first half loss
Thu, 05th Nov 2015 10:37
(ShareCast News) - Cable & Wireless swung to a pre-tax loss in the first half on the back of costs related to its acquisition of Columbus Communications.For the six months ended 30 September, the telecommunications company posted a pre-tax loss of $1m (£650,000), compared with a profit of $132m in the same period a year ago.Still, revenue rose 4% to £1.18bn thanks to an "excellent" performance in the Caribbean, which is the group's largest region and where core earnings rose 22%.Group earnings before interest, tax, depreciation and amortisation increased 4% to $427m.The company said it now expects cost synergies of $125m from its acquisition of Columbus, up from a previous estimate of $85m.C&W did not declare an interim dividend, pointing to ongoing discussions with Liberty Global regarding a possible shares and cash offer for the company. However, it said it will declare an interim dividend of 1.33 cents per share if discussions with Liberty are not fruitful.Chief executive Phil Bentley said: "Our company has significant growth and synergy potential. Whilst we are in the first phase of our 3 year plan, we are pleased with initial progress and expect to deliver a strong second half and full year performance in line with outlook."We remain on track with our 3 year plan and are confident our business model will deliver significant long-term shareholder value creation."At 1055 GMT, C&W shares were up 0.5% at 74.45p.
More News
29 Oct 2015 16:23
23 Oct 2015 09:25
23 Oct 2015 07:46
BUZZ-Cable & Wireless: continues rally after confirming Liberty Global approach
** Cable & Wireless rises a further 9.3 pct, adding to a 20.7 pct gain into the close on Thursday after it confirmed talks with Liberty Global regarding a possible takeover ** Liberty, led by "King of Cable" John Malone, already owns a 13 pct stake, as well as a 9.9 pct stake in ITV *
Read more23 Oct 2015 07:23
22 Oct 2015 16:55
Liberty Global may be set to scoop up Cable&Wireless
(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they
Read more22 Oct 2015 16:55
Liberty Global may be set to scoop up Cable&Wireless
(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they
Read more22 Oct 2015 16:23
UPDATE 1-Cable & Wireless says in talks with Liberty Global
(Adds details, share price) Oct 22 (Reuters) - Cable & Wireless Communications Plc said it was in talks that could result in a takeover offer from Liberty Global Plc, the cable company backed by billionaire John Malone. A deal would give Liberty a foothold in the Caribbean and Latin
Read more8 Oct 2015 17:33
Thursday broker round-up
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read more