C & W Top of Expectations

The JournalJanuary 26, 2005

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Summary


Cable & Wireless shares jumped yesterday after the telecoms carrier published sales figures at the top end of market expectations.

The rally came despite the numbers for the final three months of 2004 showing another fall in revenues, down 1pc on the previous quarter to pounds 808m.

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C & W Top of Expectations

With the City looking for a figure of around pounds 797m, C&W shares put back some of the losses achieved since the turn of th...

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