Michael Fries, CEO of Liberty Global, says he is "not interested" in being acquired by Vodafone after reports the telecoms giant's CEO Vittorio Colao expressed interest in the company.» Read More
*Credit Suisse up after tax settlement. LONDON, May 20- European shares inched lower on Tuesday, held back by Vodafone after the world's second-largest mobile network operator reported 6.6 billion pounds in impairment costs.
Shares in U.K. mobile operator Vodafone fell 3 percent shortly after market open after the group reported a 1.9 percent fall in full-year revenue.
*Staples, Home Depot fall after earnings. *Aeroflex jumps, to be acquired by Cobham for $1.46 bln. *Home Depot lost 1.6 percent to $75.25 in premarket trade after the home improvement retailer reported lower-than-expected quarterly sales as its spring selling season got off to a slow start.
*Credit Suisse up after tax settlement. LONDON, May 20- European shares traded flat on Tuesday, held back by Vodafone, after the world's second-largest mobile network operator reported huge impairment costs.
*Vodafone, Apple, BHP Billiton screen as reliable payers. LONDON, May 20- Global investors are hunting for reliable dividend payouts as they grapple with jittery equity markets and meager bond yields, marking the revival of an investment style that has been shunned for the past two years.
LONDON, May 20- Britain's Vodafone said next year's earnings would be hit by vital investment in its network, as it reported a 6.6 billion-pound dent to its 2014 results from writing down the value of European operations struggling in a tough market.
Credit Suisse up after tax settlement. LONDON, May 20- The pan-European FTSEurofirst 300 index slipped on Tuesday as Vodafone, the world's second-largest mobile network operator, sank after reporting huge impairment costs.
*Investors warily eye Thailand martial law declaration. LONDON, May 20- European shares and southern European bonds made tentative progress on Tuesday, as expectations the European Central Bank will provide fresh support in coming weeks helped counter uncertainty over European Union elections.
LONDON, May 20- European shares steadied on Tuesday following losses in the previous three sessions, with telecom company Vodafone falling after saying its core earnings would fall in 2015 due to the investment needed in the business. National benchmark indices in U.K., France and Germany were trading flat to 0.1 percent higher.
LONDON, May 20- Britain's Vodafone said core earnings would fall in 2015 due to the investment needed in the business as it recorded impairments of 6.6 billion pounds due to fierce competition and regulatory changes in Europe.
Simon Weeden, head of European telecoms research at Citi, says Vodafone is hoping that improving its 4G network will help the company consolidate in the U.S. market.
LONDON, May 20- Britain's Vodafone said its core earnings would fall in 2015 due to the investment needed in the business as it reported 2014 results in line with forecasts, helped by an improvement in underlying trading in the fourth quarter.
LONDON, May 19- Asia- focused bank Standard Chartered has picked an executive from outside banking to be its new finance director, saying former Vodafone finance chief Andy Halford will take up the role in July. Halford could earn up to $6.3 million a year at Standard Chartered, plus other benefits.
Global companies paid out $228.4 billion in dividends in the first quarter this year, but Russian company dividends more than halved.
Stocks are likely to take their cue from the bond market, as traders worry low yields are a warning the economy isn't springing back.
AT&T plans to pay $48.5 billion to buy top U.S. satellite TV operator DirecTV, in a bid for growth beyond a competitive cellular market.
BRUSSELS, May 16- Hutchison Whampoa is set to gain regulatory clearance for its $1 billion bid for Telefonica's Irish business as soon as it signs a separate deal aimed at creating a fourth mobile operator in Ireland, two people with knowledge of the matter said on Friday.
Take a look at some of Thursday's midday movers:
NAIROBI, May 12- Safaricom, Kenya's biggest telecoms operator, expects its free cash flow to rise by 10-17 percent in its financial year ending next March, driven by higher usage across its products and services, it said on Monday.
FRANKFURT, May 8- Deutsche Telekom revealed the cost of its successful drive to win customers in its main U.S. and German markets, as it posted a drop in first-quarter core profit on Thursday.