CARPHONE COMMITS TO PAYING A FINAL DIVIDEND
Carphone Warehouse, the UK’s biggest phone retailer, has benefited from the successful sales of smartphones, such as the iPhone 4, posting an increase in interim pre-tax profits to GBP23.7 million for the six months to September 30, up from GBP6.8 million for the same period last year. Earnings per share rose from 1.5p to 5.5p, and the company committed to paying a final dividend.
VODAFONE LOOKS FOR LONG-TERM GROWTH
The result of Vodafone’s strategic review of its mobile phone operations will be revealed on Tuesday. CEO Vittorio Colao will indicate at that time how the company will secure long-term revenue growth from the rising consumer demand for smartphones, and he is also expected to indicate that he intends to sell off more of the group’s minority stakes in overseas mobile operators.