Cable & Wireless reveals further details on Liberty Global takeover
22nd Feb 2016 15:19
(ShareCast News) - Cable & Wireless Communications shares rose on Monday after the company said it had reached an agreement on the terms of Liberty Global's proposed takeover deal. Liberty Global has offered to buy the entire issued share capital of CWC for £5.4bn, expanding its telecoms business in
Read moreCable & Wireless posts rise in third quarter earnings
11th Feb 2016 12:10
(ShareCast News) - Telecoms provider Cable & Wireless reported a rise in third quarter earnings and revenue, underpinned by cost synergies. Third quarter earnings before interest, taxes, depreciation and amortisation rose 16% to $238m and year-to-date EBITDA was up 8% to $665m. Third quarter revenu
Read moreLiberty Global to acquire Cable&Wireless in £3.5bn deal
16th Nov 2015 19:25
(ShareCast News) - Liberty Global reached an agreement on Monday to purchase Cable&Wireless Communications in a cash and stock deal valuing the carrier at £3.5bn ($5.3bn). The transaction - which valued the London-listed carrier at 10.7 operating earnings - was set to extend the reach of his enterpr
Read moreCable & Wireless swings to first half loss
5th 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
Read moreLiberty Global may be set to scoop up Cable&Wireless
22nd Oct 2015 16:55
(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 moreLiberty Global may be set to scoop up Cable&Wireless
22nd Oct 2015 16:55
(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 moreThursday broker round-up
8th Oct 2015 17:33
(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 moreCable & Wireless appoints former Pearson CFO to its board
14th Aug 2015 12:41
(ShareCast News) - Cable & Wireless Communications has appointed former Pearson chief financial officer Robin Freestone to its board. Freestone was the CFO of Pearson from 2006 up until August 2015, and deputy CFO prior to that. The telco said Freestone would be a non-executive director from 17 Aug
Read moreCable & Wireless reshuffles non-exec board
14th Aug 2015 12:12
(ShareCast News) - Telecoms service provider Cable & Wireless has appointed Robin Freestone as non-executive director. Freestone, the former chief financial officer of Pearson and the current non-executive director of Moneysupermarket.com, will step into his new role on 17 August, the FTSE 250 group
Read moreCable & Wireless quarterly revenue rises, reiterates guidance
21st Jul 2015 09:06
(ShareCast News) - Telecoms provider Cable & Wireless Communications reported a 4% increase in revenue in the first quarter and reiterated guidance for its current financial year. In a statement released on Tuesday, the FTSE 250 group attributed the rise in overall revenue to a strong performance in
Read moreTuesday preview: UK deficit shrinking further, PSNB should show
20th Jul 2015 16:40
(ShareCast News) - A further considerable improvement in UK public finances should be the main item of interest for macroeconomic data hounds on Tuesday, in an otherwise very quiet day for scheduled economic data. The UK public sector net borrowing figures for June will be unveiled by the Office for
Read moreCable & Wireless annual profit rises
20th May 2015 10:06
Telecoms service provider Cable & Wireless Communications said it was still some way of realising the potential of the business, despite an encouraging performance across the board. In the year to 31 March, the FTSE 250 group reported a 7.14% increase year-on-year in earnings before interest, tax, d
Read moreThursday broker round-up
7th May 2015 16:39
Morrison: Shore Capital reiterates buy. Direct Line Insurance Group: Canaccord Genuity reiterates buy and 350p target. BAE Systems: Charles Stanley reiterates accumulate. GlaxoSmithKline: UBS reiterates buy and 1,700p target. Aviva: Panmure Gordon reiterates buy and raises target to 660p from 600
Read moreCable & Wireless extends longstop date for Columbus acquisition
2nd Mar 2015 14:35
Cable & Wireless Communications (CWC) said on Monday it has agreed to extend the longstop date of the acquisition of Columbus International. The longstop date will be extended from 28 February to 15 March. The $1.85bn acquisition of the privately-owned telecommunications and technology company oper
Read moreCable & Wireless sales increase thanks to mobile turnover
10th Feb 2015 14:54
Cable & Wireless Communications saw its shares rise on Tuesday after it reported an increase in revenues during the third quarter. The telecom services provider said its like-for-like revenues were up 2% to $444m, helped by a 4% increase in mobile revenues. But it warned that an expected new mobile
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