Vodafone shares on the up

NEWS Vodafone's share price this morning edged into the green ahead of its year-end financials results, which are due out tomorrow. By 10:30(BST) the company's shares were up almost 2.5 per cent following speculation in the weekend press it might keep hold of £6bn in cash rather than buying back shares to prop up their value. Shares opened at 113.02p this morning and soon headed into the green. Analysts are expecting the company to announce turnover of between £22bn and £23bn for the full year. Since the beginning of the year, Vodafone's share value has slumped dramatically.