Vodafone interim profits dip
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Mobile telephone giant Vodafone reported a two percent fall in half-year underlying profits as the group added 7.4 million new customers.
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The company warned that the recovery in its struggling cell phone unit will take longer than expected. Its shares fell more than 8 percent in premarket trading.
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LONDON  - British music group EMI reported a fall in interim profits as sales dropped by 11.4 percent, reflecting a release schedule skewed towards the second half and the strength of sterling.
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Profit margins from Vodafone continuing businesses fell from 39.6 per cent to 38.7 per cent, the mobile phone operator said on Tuesday as revenue growth outpaced the rise in earnings before interest, tax, depreciation and amortisation.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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London equities ended their three-day losing streak on Thursday as Vodafone shares led the charge and investors awaited the Bank of England&#39;s interest rate decision.
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European shares sagged on Tuesday as broker downgrades hit mobile phone operator Vodafone  and two of its peers, but UK clothing retailer Next shone on news of strong summer sales.
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Shares in Virgin Mobile fell back below July's float price on Tuesday as analysts and investors interpreted a trading update from the company as a surprise revenue warning.
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Profits continue to drop despite strong sales of Palm's Treo smartphone.
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Morrisons today revealed a 7.6% fall in interim pre-tax profits, as the supermarket group suffered another hit from the Safeway chain it took over in March.
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NEW YORK  - AT&T Wireless Services Inc.  said on Tuesday its third-quarter profit declined as customers spent less per month, offsetting a rise in net new customers.
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Struggling supermarket group Sainsbury's says its half-year profits for the six months to 9 October will fall to between Â£125m-Â£135m.
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Mobile phone company Vodafone Group PLC posted a narrower full-year loss on Tuesday and forecast strong growth in emerging markets, pushing its shares to five-year highs.
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Vodafone is to cut costs by Â£2.5bn per year by March 2008. It will do this a combination of Â£1.4bn through cost-saving measures and Â£1.
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Troubled grocery chain J Sainsbury PLC, Britain&#39;s third-biggest supermarket retailer, said Monday it expected to announce a big drop in profits for the first half of this year.
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LONDON : British mobile telephone giant Vodafone reported a two percent fall in half-year underlying profits as the group added 7.4 million new customers.
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MOBILE phone giant Vodafone today rewarded its shareholders with a 100 per cent dividend increase on the back of half-year profits equivalent to more than Â£340 per second.