By Ian Jones, 29 June 2001 08:10
NEWS Nokia is the best performing European company when it comes to keeping its investors happy, according to the latest Financial Times league table. Over the last five years, the Finnish mobile telecoms equipment maker has shown a massive 1,660.3 per cent increase in shareholder returns. That puts it way ahead of every other company in Europe. The news comes in spite of the severe downturn in telecoms stocks in the past 12 months, and on the back of Nokia's announcement yesterday that it is to cut 1,000 jobs from its systems business. The FT performance league for the last five years also puts Telecom Italia fourth, and Vodafone tenth. Unsurprisingly, none of the high-tech or telecoms companies feature in the FT league for the last one year.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below