Market braces itself for negative results as fund managers suggest company has performed badly in both local and international markets
The market is bracing itself for negative results from Vodafone, an expectation that has caused the group's shares to plummet to their lowest level in more than three years. As at 12 April, Vodafone was trading at 109.5p, with the company expected to disclose key performance indicators on 25 April, ahead of its 2002 results on 28 May. UK fund managers say the company is thought to have performed badly both in its international and local markets, and meeting market expectations for businesses in Germany, Spain, the UK and Japan is proving to be challenging. Martin Cholwill, UK equi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes