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Britain's biggest mobile phone company, Vodafone, is finding life tough in southern Europe but the cash keeps rolling in from the US. In the 12 months to the end of March, group revenue rose 1.2% to £46.4bn, slightly ahead of forecasts of £46.3bn. Earnings before interest, tax, depreciation and a
Read more- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on London's blue chips surged in early morning trading on Tuesday as stocks continued to rebound following a poor performance last week ahead of an eagerly awaited summit of European leaders tomorrow
Read moreThe Footsie is expected to make its second day of gains on Tuesday, following a poor performance last week. City sources are predicting the blue chip index to rise around 50 points from yesterday's close of 5,304. It was revealed last night by The Financial Times that the European Central Bank (ECB
Read moreMobile phone networks giant Vodafone is expecting underlying growth in adjusted operating profit and stability in free cash flow in the current financial year. In the year just gone (ending March 31st), group revenue rose 1.2% from a year earlier to £46.4bn, slightly ahead of forecasts of £46.3bn.
Read moreFootsie stalwarts Vodafone and Marks and Spencer will both be vying for attention early doors on Tuesday. Full year results from Vodafone should see the group's pre-tax profit break through the £10bn barrier. Consensus estimates are for profit before tax of £10.26bn for the year to March 31st, up
Read moreFull year results from Vodafone should see the group's pre-tax profit break through the 10bn pounds barrier. Consensus estimates are for profit before tax of £10.26bn for the year to March 31st, up from £9.5bn the year before. However, earnings per share are predicted to slip to 15.77p from 16.75p
Read moreSir John Buchanan, the Deputy Chairman and Senior Independent Director on the Vodafone board, is to retire after the mobile phone network giant's annual general meeting on July 24th. Following this change, Luc Vandevelde, former Chairman of Marks & Spencer and one of the world's most famous Belgian
Read more- Chinese, Eurozone PMIs show contraction - Eyes on political situation in France, Netherlands - Miners provide a drag on Footsie Weak data from both China and the Eurozone was weighing heavily on the FTSE 100 in morning trade on Monday, while political tensions in France and the Netherlands were a
Read moreMiners are taking a hammering after the HSBC preliminary flash purchasing managers' index (PMI) rose from 48.3 to 49.1 in April but still remained under the crucial 50-point level, which shows that the industry is still contracting. "This suggests that the earlier easing measures [from Beijing] ha
Read moreDividends from firms listed on the FTSE jumped 25% in the first quarter to 18.8 billion pounds, a record for that time of year. In total, firms paid out £3.8bn more than the same period in 2011, according to the Dividend Monitor from Capita Registrars, which analyses data provided by Exchange Data
Read more- Miners sold off after Chinese PMI - Vodafone makes offer for CWW - Old Mutual sinks after Goldman downgrade London's blue chip index experienced a sharp fall in early trading on Monday after some gloomy economic data from China weighed heavily on the mining sector. The HSBC preliminary flash pu
Read moreMobile phone networks operator Vodafone has launched an agreed bid for telecoms firm Cables and Wireless Worldwide (CWW). The board of CWW has given its support to a 38p a share cash offer from Vodafone. The Vodafone terms value CWW at around £1,044m. Shareholders representing around 18.6% of the
Read moreVodafone has finally struck a deal to buy Cable & Wireless Worldwide (CWW) in a deal worth just over one billion pounds. Under the terms of the offer, CWW shareholders will get 38p per share in cash, which Vodafone said was its final offer unless another bidder entered the fray. Indian firm Tata C
Read moreThe Dutch prime minister will on Monday launch a bid to salvage his austerity budget amid political chaos that could cost the country its AAA credit rating and plunge Europe's debt rescue plans into disarray. Mark Rutte, who is a key ally of Germany and the Eurozone's "hardliners" on financial disci
Read more- German Ifo and UK retail data lifts sentiment - Financials and miners make strong gains in London - Strong start on Wall Street, GE and Microsoft beat forecasts After some better-than-expected economic data spurred a rise for the FTSE 100 this morning, the blue chip index held on to gains in the
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