Vodafone&#39;s interim profits dip
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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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British mobile phone group Vodafone announced Tuesday that it slashed net losses last year as its growth strategy in emerging markets such as India and Turkey began to pay off.
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Vodafone Group Plc, the world&#39;s largest mobile-phone operator, expects cost cuts and bulk-order savings to boost earnings by more than a third before 2008, as the company reins in spending from Germany to Albania.
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BellSouth Corp. BLS.N, the No. 3  U.S. telecommunications company, on Tuesday said its  fourth-quarter operating earnings fell due to lower profits  from its stake in Cingular Wireless and higher costs in its  wireline telephone business.
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Investors in mobile phone giant Vodafone were rattled today by speculation the company could be drawn into a 40 billion US dollars (Â£20.8bn) bidding war.
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Newly merged telecommunications equipment maker  Alcatel-Lucent has reported a slump in underlying profits last year and ramped up planned job cuts to 12,500 or 15.6 percent of the workforce.
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Manchester United have announced a fall in pre-tax profits to Â£27.9million for the financial year ending July 31. Profits were down from Â£39.
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Institutional investor concerns that  British-based Vodafone Group Plc might be drawn into its second  U.S. takeover attempt of the year sent the mobile phone giant's  shares falling on Tuesday.
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Cell phone maker Motorola Inc. on Wednesday said net profits fell sharply in the fourth quarter, and it warned that the recovery in its struggling handset unit will take longer than expected.
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Palm, the maker of Treo smart phones, said profit slipped on stock option expenses and slow sales growth amid tougher competition.
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Vodafone has seen a modest increase in revenue and reduced losses so far this year, now seeks new markets.
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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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TELSTRA chief financial officer John Stanhope has admitted Telstra&#39;s margins in its $4.5 billion a year mobile phone business will shrink this year in the face of increased price competition and the growing cost of acquiring new customers.
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Vodafone Group PLC saw a 6 percent increase in revenue and reduced losses for the year to March 31, but revenue and profitability in some of its core European mobile phone markets is shrinking. The changes are forcing the company to look to new markets for growth.
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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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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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London equities  ticked lower on Thursday, with losses foe Vodafone on growing expectations that it will noit secure rights to distribute Apple&#39;s new iPhone.