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Markets 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
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LONDON, 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
Read moreBy Rafael Nam and Archana Narayanan MUMBAI, July 17 (Reuters) - India's relaxation of foreign investment rules, aimed at drawing funds needed to turn around slowing economic growth and support a crumbling rupee, barely lifted markets on Wednesday due to doubts whether long-term inflows woul
Read moreBy Rafael Nam and Devidutta Tripathy MUMBAI/NEW DELHI, July 17 (Reuters) - India's relaxation of foreign investment rules, aimed at drawing funds needed to turn around slowing economic growth and support a crumbling rupee, barely lifted markets on Wednesday due to doubts whether long-term i
Read moreBy Sinead Carew NEW YORK, July 16 (Reuters) - AT&T Inc customers will be able to upgrade phones once a year instead of waiting two years under a new option that involves monthly device payments as AT&T defends itself against challenges from T-Mobile US . AT&T's latest offering, which
Read moreNEW DELHI, July 16 (Reuters) - India relaxed foreign direct investment (FDI) rules on Tuesday in a broad swathe of industries including telecoms, single brand retail and oil and gas in a bid to lure capital inflows, prop up a sliding currency and rev up growth. In a meeting of senior cabine
Read moreIn a report on the European telecommunications sector, Deutsche Bank has upgraded Vodafone to 'buy' from 'hold' but concludes that fundamentals continue to present a challenge for the sector. Analysts at the German bank explained that European telecoms are overvalued in historical terms due to incr
Read moreMADRID, July 16 (Reuters) - The number of mobile phone customers in Spain rose in May after ten months of declines in a painful recession that has resulted in high unemployment and hit operators' bottom lines, data from the telecoms regulator showed on Tuesday. The boost came from growing n
Read moreJuly 16 (Reuters) - GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange down 1.6 percent, while the MSCI-Asia Pacific index excluding Japan is 0.18 percent higher. * Asian shares edged higher on Tuesday, taking their cue from U.S. shares after weaker-than-forecast retail
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