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Vodafone still has room left to grow, although the company faces a difficult balancing act as it fights to invest in long-term growth while at the same time generating cash for shareholders. Mention must be made in this regard of its commitment to maintaining its current pay-out policy. The solution
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By Duncan Miriri NAIROBI, July 19 (Reuters) - Kenya's biggest telecoms operator, Safaricom, has extended the contract of its chief executive officer Bob Collymore by two years, the CEO told Reuters on Friday. Profits have risen under Collymore, whose initial contract of three years wa
Read moreNAIROBI, July 19 (Reuters) - Kenya's biggest telecoms operator, Safaricom, has extended the contract of its chief executive officer Bob Collymore by two years, the CEO told Reuters on Friday. Collymore, whose initial contract of three years was due to expire at the end of August, has been k
Read moreEngineering firm IMI was a high riser on the Footsie on Friday after Citigroup named it a 'Most Preferred' stock. The broker said: "We see further significant margin upside at IMI, driven by both mix and restructuring. A strong balance sheet and yield are both supportive, too." In contrast, techn
Read moreMining stocks were among the worst performers on Friday morning, providing a drag on the FTSE 100 as risk appetite declined following the index's seven-week high reached the day before. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th whe
Read more* Q1 organic service revenue down 3.5 pct vs 4.2 pct in Q4 * Spain down 10.6 percent, Italy down 17.6 percent * Conditions challenging in north, central, south Europe-CEO * Nothing new to report on Verizon relationship * Shares up 0.5 percent By Kate Holton LON
Read moreThe FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreMarkets are expected to open slightly lower on Friday morning with the FTSE 100 pulling back after a seven-week high ahead of the meeting of G20 leaders. City sources predict the FTSE 100 will open down 18 points from yesterday's close of 6,634. The last time the index finished higher was on May 3
Read moreVodafone reported a drop in second quarter revenue, blaming ongoing economic and regulatory pressures in its key market of Europe. Group service revenue, including joint ventures, dropped 3.5% year-on-year to £10.1bn in the three months to end of June. The company said conditions in Europe remaine
Read moreLONDON, July 19 (Reuters) - Vodafone posted an as expected first-quarter 3.5 percent drop in its key organic service revenue as increasing competition in Germany and Italy wiped out improvements in India at the world's second largest mobile operator. Vodafone, which has been battling increa
Read moreBy Sinead Carew NEW YORK, July 18 (Reuters) - Verizon Wireless will let customers upgrade cellphones more frequently if they pay for their devices in installments, but analysts expect few takers unless the leading wireless provider lowers monthly service fees as well. Analysts said cu
Read moreNEW YORK, July 18 (Reuters) - Verizon Wireless will allow customers who want frequent upgrades of their cellphones to pay for their mobile devices in installments, but the popularity of the new offering may be limited because the company has ruled out any change in service fees. Analysts s
Read moreBy Sinead Carew July 18 (Reuters) - Verizon Communications Inc said strength in its wireless business was tempered by weakness in its traditional wireline unit, producing softer-than-expected revenue growth for the quarter and sending its shares down nearly 2 percent. The telecommunic
Read moreWith a slate of economic data out of the way, investors will turn their attention to Vodafone's trading update on Friday. The telecoms giant last month sealed the deal on its acquisition of Kabel Deutschland following months of speculation. Vodafone agreed to buy Germany's biggest cable operator
Read moreNEW YORK, July 18 (Reuters) - Verizon Communications Inc quarterly earnings and revenue rose on strong wireless subscriber growth at its Verizon Wireless venture with Vodafone Group Plc. Verizon said on Thursday that its earnings per share rose to 78 cents from 64 cents in the year-ago qua
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