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CORRECT: Vodafone cuts sales outlook as profit falls

the world's largest mobile operator by sales, on Tuesday said first-half net income fell 35% to 2.14 billion pounds, or 4.02 pence a share, from 3.29 billion pounds, or 6.19 pence a share, earned in the year-earlier period. Profit in the latest period was hit by an impairment loss of 1.7 billion-pound impairment related to the group's Turkish business. Excluding one-time items, adjusted earnings came in at 7.52 pence a share, up 17% from a year earlier. Sales rose 17% to 19.9 billion pounds. The company also lowered its outlook for the year. It now expects revenue in the range of 38.8 billion pounds to 39.7 billion pounds, instead of its previous forecast of around 39.8 billion pounds, and adjusted operating profit of 11 billion pounds to 11.

Vodafone cuts sales outlook as quarterly profit falls 35%

the world's largest mobile operator by sales, on Tuesday said first-half net income fell 35% to 2.14 billion pounds, or 4.02 pence a share, from 3.29 billion pounds, or 6.19 pence a share, earned in the year-earlier period. Profit in the latest period was hit by an impairment loss of 1.7 billion-pound impairment related to the group's Turkish business. Excluding one-time items, adjusted earnings came in at 7.52 pence a share, up 17% from a year earlier. Sales rose 17% to 19.9 billion pounds. The company also lowered its outlook for the year. It now expects revenue in the range of 38.8 billion pounds to 39.7 billion pounds, instead of its previous forecast of around 39.8 billion pounds, and adjusted operating profit of 11 billion pounds to 11.

Barclays raises up to $11.9 bln

said it's going to raise up to 7.3 billion pounds ($11.9 billion) of capital from existing and new investors, a deal that will allow it to boost its reserves without taking U.K. government aid. It's going to issue of 3 billion pounds of reserve capital instruments bearing an annual coupon of 14% and up to 4.3 billion pounds of mandatorily convertible notes to Qatar Holding and Sheikh Mansour Bin Zayed Al Nahyan. Excluding the possbile exercise of associated warrants, Barclays would have reported a tier one ratio of 11.3% and an equity tier one ratio of 7.6% as of June 30. Barclays also reported that nine-month pretax income was slightly ahead, as cost growth grew broadly in line with "strong" income growth. For the third quarter, it's going to take write downs of 1.

Glance-PRESS DIGEST - British business - Nov 12

Vittorio Colao, chief executive of Vodafone, has revealed plans to cut one billion pounds a year from the mobile phone group's operating costs by 2011. The current operating costs stand at 22 billion pounds a year. Colao also reduced Vodafone's full-year revenue targets, with expectations now at between and 38.8 billion and 39.7 billion pounds for the 12 months to December 31. The group had made a previous cut to its revenue expectations in July. However, Colao insisted that Vodafone would maintain profits and meet its targets by boosting cash flow through job cuts.

PRESS DIGEST - British business press - Nov 9

William Hill has entered into talks with its banks about refinancing 1.2 billion pounds of its debt. The bookmaker has also appointed debt-advisory specialists to assist in the discussions which it hopes to conclude by the time of its preliminary results in February. Shares in William Hill have fallen by more that 60 percent over the past year, largely over concerns about its debt exposure. The company is valued at 726 million pounds against debt of 1.4 billion pounds, 1.2 billion of which matures in 2010.

Cell phone may help keep pounds off

SEATTLE, Nov. 24 (UPI) -- A cell phone may soon be able to help people to maintain an exercise routine and keep the pounds off, U.S. researchers said.

Beatrix Potter's rabbit painting may fetch 15k pounds at auction

A previously unknown painting of a rabbit by renowned author and illustrator Beatrix Potter is expected to fetch 10,000-15,000 pounds at an auction.

Watany Bank of Egypt posted 290.6 mln pounds in profit up to Q3 of 2008

KUWAIT, Nov 9 (KUNA) -- Al-Watany Bank of Egypt (WBE), a member of the National Bank of Kuwait (NBK) Group, posted profits worth 290.6 million Egyptian pounds in the first nine months of 2008, a 29.2 percent growth from last year's 224.9 million for the same period.

Beatrix Potter's rabbit painting may fetch 15k pounds at auction

London, November 12 (ANI): A previously unknown painting of a rabbit by renowned author and illustrator Beatrix Potter is expected to fetch 10,000-15,000 pounds at an auction.

Dust covered painting in attic turns out to be 50,000 pounds masterpiece

London, Nov 24 (ANI): A 19th century painting covered in dust, and found behind an old mattress in an attic, has turned out to be a masterpiece worth 50,000 pounds.

What's Next In The Nanotechnology Wave?

Imagine a solider wearing five pounds of chemical protection suit and 25 pounds of anti-ballistic SWAT suit. Although these suits provide the necessary protection to the wearer, weight and lack of comfort are important issues that are critical for their applications and acceptance by warfighters. If the weight of personnel protective gears could be reduced and at the same time they provide enhanced protection, there could be no best option for the next generation chemical protective clothing and anti-ballistic vests. Defense and law enforcement communities hope that nanofiber composites and nano materials such as nano tungsten carbide can sever as panaceas for such complexities. Although nano materials can satisfy such requirements, large scale production and health related concerns of nano materials pose immediate challenges.

Vodafone First-Half Earnings Fall 35%

Vodafone has reported a 35% decline in net profit to 2.14bn pounds ($3.3bn) for the first half of 2009, on revenue up 17% at 19.9bn pounds ($30.9bn). Skip related content

Vodafone H1 profit falls; revises FY09 revenue outlook - Quick Facts

(RTTNews) - Tuesday, Vodafone Group Plc (VOD: News ,VOD.L: News ) reported first-half profit of 2.17 billion pounds, down 34.8% from 3.33 billion pounds last year. Basic earnings per share fell 35% to 4.04 pence from 6.22 pence in the previous year.

Winnie the Pooh Artist's Sketch Sells Big

A sketch by Winnie the Pooh illustrator E.H. Shepard entitled "Tiggers Don't Like Honey" fetched 31,200 pounds ($49,770) at auction Tuesday, well above the pre-sale estimate of 15,000 to 20,000 pounds ($24,000 to $32,000).

Mercator Reports Third Quarter Results

VANCOUVER, Nov. 14 /CNW/ - Mercator Minerals Ltd. announced its third quarter financial results for the three and nine months ended September 30, 2008 and information on production at its Mineral Park Mine during the period. For the third quarter of 2008, copper production totaled 2.9 million pounds. The Company reported revenues of $8.9 million on the sale of 2,729,504 pounds for the quarter.

Mercator Reports Third Quarter Results

VANCOUVER, Nov. 14 /CNW/ - Mercator Minerals Ltd. announced its third quarter financial results for the three and nine months ended September 30, 2008 and information on production at its Mineral Park Mine during the period. For the third quarter of 2008, copper production totaled 2.9 million pounds. The Company reported revenues of $8.9 million on the sale of 2,729,504 pounds for the quarter.

Maine man sheds 140 pounds to join the Marines

Army and Navy recruiters took one look at 330-pound Ulysses Milana and told him to forget about joining. "'You've got to lose weight,'" Milana remembers them saying. But Marine recruiters were willing to work with him as he began his weight-loss journey in December 2007.

Maine man sheds 140 pounds to join the Marines

LEWISTON, Maine -- Army and Navy recruiters took one look at 330-pound Ulysses Milana and told him to forget about joining. "'You've got to lose weight,'" Milana remembers them saying. But Marine recruiters were willing to work with him as he began his weight-loss journey in December 2007.

Barclays in talks to raise 6 bn pounds

Barclays in talks to raise 6 bn poundsBarclays in talks to raise 6 bn poundsNational City Q3 loss at $729 mn, to axe 4,000 job...National City Q3 loss at $729 mn, to axe 4,000 job...

Bank says crisis cost 1.8 trillion pounds

Global intervention should steady the banking system but it will also put big constraints on banks, the Bank of England said on Tuesday, six months after it said it expected confidence to return to financial markets.

Recycle your old phone and ring in the pounds

Over 1.5 million mobile phones are thrown away each year and a further 50 million could soon find their way to landfill sites as over two-thirds (67 per cent) of people fail to recycle old handsets, according to research from moneysupermarket.com.

Royal Bank of Scotland is expected to make billions of pounds of further write-downs in respect of risky financial assets in the second half, details of which could be released this week.

Analysts predict that after writing down £5.9bn in the first half, the Edinburgh-headquartered giant will make further hefty provisions to reflect the marked deterioration in credit markets in recent months, with forecasts ranging from £1bn to £3bn.

Aeroflex Introduces the 3500A, a Powerful and Rugged 1 GHz Hand-held Radio Test Set Weighing Less Than Eight Pounds

Aeroflex has announced the release of the new, lightweight 3500A 1 GHz Hand-held Radio Test Set. The 3500A improves upon the success of the Aeroflex 3500, the industry’s first 1 GHz handheld test set. With improved audio analysis and operation, the 3500A offers lighter weight, integrated audio test connections and a new microphone interface for easier operation.

NASA Shuttle Endeavor Carries Camera to Help Farmers

Among the 32,000 pounds of cargo in NASA's space shuttle Endeavour, which launched Friday, there is a camera that will help U.S. farmers and provide unique educational opportunities for students.

NASA Shuttle Endeavor Carries Camera to Help Farmers

Among the 32,000 pounds of cargo in NASA's space shuttle Endeavour, which launched Friday, there is a camera that will help U.S. farmers and provide unique educational opportunities for students.

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