Vodafone's results boosts its reputation on the market

NEWS Vodafone's financial results released yesterday sent the company's share price up by 3.3 per cent by time of close. The mobile operator reported a pre-tax loss of £8.45bn after heavy investments in China, Germany and Mexico, but earnings before interest, tax, depreciation and amortisation (ebitda) increased by 46 per cent. The company, which is the market's most heavily traded stock, saw net debt rise following its acquisition of the controlling stake in Japan Telecom. In September, the company hit a 52-week low of 118 pence. Shortly after opening this morning shares were at 181.40 pence, just above yesterday's closing price of 180 pence.