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Vodafone set to reach top end of profit guidance


By Dan McGrath

Vodafone is expecting to reach the top end of its full-year profit guidance, after its adjusted earnings increased by 5.9% year-on-year to €5.7bn.

For the six months to 30 September, the telecommunications firm also reported a 7.3% revenue increase to €19.6bn


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Wessex Water ordered to pay £11m over wastewater failures

Wessex Water has been ordered to pay £11m by Ofwat over failures in its wastewater network

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UK cyber insurance claims total £197m in 2024, ABI figures show

An estimated £197m was paid out by insurance companies to help businesses recover from cyber incidents in 2024, new figures from the Association of British Insurers (ABI) have shown

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JTC agrees to £2.7bn Permira takeover offer

JTC has agreed to a £2.7bn acquisition offer from British global investment firm, Permira

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ITV in preliminary talks with Sky to sell £1.6bn broadcasting arm

ITV has confirmed it is in “preliminary discussions” with Sky to potentially sell its broadcasting business for £1.6bn.

The talks are over ITV’s media and entertainment (M&E) division, the broadcaster confirmed, which includes its free-to-air TV channels and the streaming service, ITV X

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IT company Kainos reports rising revenue

Software firm Kainos has announced a 7% jump in revenue to £196.1m in its latest first half results

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IAG reiterates guidance as Q3 revenue remains flat

International Airlines Group (IAG) has reiterated its guidance for the full year after its revenue remained flat at €9.3bn in Q3

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BT cuts 5,000 jobs as broadband customer numbers tumble

BT has cut 5,000 jobs after the telecoms giant reported a decline of 242,000 Openreach broadband customers in Q2

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Sainsbury’s sales up as supermarket raises profit guidance

Sainsbury’s has reported a 5.2% rise in total sales in its first half results, which climbed to £13.6bn

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Diageo appoints new CEO

Sir Dave Lewis has been appointed as the new chief executive officer (CEO) at Diageo, effective from 1 January

CMA accepts remedies in Greencore/Bakkavor merger

The Competition and Markets Authority (CMA) is proposing to accept remedies offered following its investigation into the £1.2bn merger deal between Greencore and Bakkavor
Wetherspoon’s LFL sales increase 3.7% year-on-year

Wetherspoon’s like-for-like (LFL) sales increased by 3.7% year-on-year in the 14 weeks to 2 November, after increasing by 4.5% in the last financial year
M&S profits tumble following cyber-attack

Marks & Spencer (M&S) has reported a 99.1% fall in pre-tax profit in its opening half results, after the retailer was hit by a cyber-attack in April


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