By Jon Bernstein, 8 May 2002 07:43
NEWS Vodafone shares hit a four-year low last night ending the day's trading three per cent down at 95.25p and ending a miserable few weeks for chief executive Chris Gent. Yesterday's fall follows a decision by Goldman Sachs, a long-time supporter of the mobile operator, to remove Vodafone from its recommended list. Last week shares fell below 100p after the company admitted earnings forecasts for its Italian and German operations had failed to meet analyst expectations. In the first three months of this year Vodafone gained 1.3 million new subscribers, a disappointing figure compared to the four million subscribers it attracted in the three months to Christmas.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below