EU Court: EU Caps On Mobile Roaming Rates Are Valid
8th Jun 2010 08:54
LUXEMBOURG (Dow Jones)--Europe's highest court Tuesday upheld a Europe-wide law forcing mobile operators to cut the rates they charge for using a mobile phone abroad. Four of Europe's largest mobile telecom operators--Vodafone Group PLC (VOD), Telefonica SA's (TEF) O2, Deutsche Telekom AG's (DT)
Read moreFriday newspaper round-up: Market slide, BP, British Airways
21st May 2010 06:26
Markets on both sides of the Atlantic dipped to fresh lows as fears surrounding the fate of the euro project transmuted into worries about the wider global economic system. Bill Gross of bond fund Pimco said that hedge funds were starting to liquidate their positions in a bid to preserve their capi
Read moreVodafone secures 3G spectrum in India
19th May 2010 16:49
Vodafone has paid £1.74bn for 3G spectrum in India. The mobile networks oeprator acquired 2x5 MHz of 3G spectrum in 9 circles in the Indian auction. The area, which includes Delhi, Mumbai and Kolkata, covers more than half of India's population. It also covers two-thirds of the existing revenue ge
Read moreSector movers: Upbeat Paragon boosts finance stocks
18th May 2010 13:03
Specialist mortgage lender Paragon is lifting the financial services sector higher after it nearly doubled profits in the six months to March 31, helped by the low interest rate environment making it easier for customers to pay back debts. Pre-tax profits jumped to £29.3m from £15.9m in the same pe
Read moreLondon midday: Decent morning for Footsie
18th May 2010 12:10
Footsie has made decent progress this morning helped by gains for utilities and the non-bank and insurance bits of the finance sector. Man Group is the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP is also in demand, while mezzanine finance lende
Read moreLondon open: Bright start for Footsie
18th May 2010 09:02
Footsie has made good progress in early dealing with miners rallying and some decent results this morning. Mobile giant Vodafone expects to see revenues in its core business grow again in the current year after recent declines with a promise of dividend growth of at least 7% for the next three year
Read moreLondon pre-open: Shares to move higher
18th May 2010 07:40
Footsie is expected to move ahead following an improvement on Wall Street following the close here yesterday Mobile giant Vodafone expects to see revenues in its core business grow again in the current year after recent declines with a promise of dividend growth of at least 7% for the next three ye
Read moreVodafone predicts revenue growth despite India
18th May 2010 07:04
Mobile giant Vodafone expects to see revenues in its core business grow in the current year despite problems in India where growing competition prompted a £2.3bn impairment charge. "We are creating a stronger Vodafone, which is positioned to return to revenue growth during the 2011 financial year,
Read moreTuesday preview: Vodafone, British Land, Yell, Britvic, Dairy Crest
17th May 2010 16:17
The recent strength of the US dollar against sterling has prompted upgrades its earnings forecasts for mobile phone giant Vodafone recently, But brokers are still concerned about mature markets in Europe, falling market share, and the prospects of a US slowdown. There is the prospect of Vodafone get
Read moreSunday tips round-up: Tullett Prebon, Vodafone, Tesco bonds
16th May 2010 10:19
Inter-dealer broker Tullet Prebon saw its shares crash last week after the company said takeover talks had ended. The Telegraph feels the falls have been overdone and now is a good opportunity to buy. Tullett's revenues fell 12% to £312m in the first four months of 2010 compared with the same peri
Read moreWeek ahead: British Airways, Vodafone, BoE minutes
14th May 2010 12:27
British Airways cannot have had many worst years than 2009/10 and the pain is not over yet with another 20 days of strike action threatened by cabin crew from May. Add in the volcanic ash cloud, a major global recession and a recurring pension fund headache and it's been a punishing 12 months for t
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreLondon midday: Greek worries resurface
22nd Apr 2010 11:56
Footsie remains deep in the red now as concerns about Greece's debt situation resurfaced. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated. Financials are the majo
Read moreLondon open: Shares slightly lower
22nd Apr 2010 08:13
London's top stocks have opened slightly lower after the US gave up most of its gains before trading closed last night. Bus and rail operator Arriva has agreed to be taken over by Germany's Deutsche Bahn in a £1.59bn deal that will create a new European transport giant. Under the terms of the deal,
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