Reuters Insider - Reuters Today: Vodafone ramps up after record fall

GIB Capital

12/11/2013 11:36

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        Vodafone will spend 7 bln pounds on its networks  
                     after selling its U.S. arm to Verizon. The world's 
                     number two mobile operator posted a record drop in 
                     quarterly revenue on weak Europe trading.         
 
 
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 Transcript (May be auto-generated)                                    
                                                                       
 Coming up cyber attack. War games -- London banks. And devastation from above aerial images of the aftermath of typhoon -- young. Let's get off though with China investor attention on the conclusion over party policy meeting that -- unveil its new ten year reform plan. High ranking members of the ruling elites have talked of unprecedented change but many experts say not to expect too much. Focus is on rebalancing the economy. And promoting consumption over exports and investment expect details first from 
 official news agency Xinhua. On the markets the dollar rallying to a seven week high against the yen helped push Japan's Nikkei share index up over 2% to a three week high. And after overnight gains pushed the Dow to another record financial bookies expecting a slightly higher open night here in Europe this morning investors analysing a battered blue chip results. Vodafone's -- spent seven billion pounds right now works after selling its US -- to Verizon. The world number two mobile operator posted a record 
 drop in quarterly revenue on weak trading in Europe. German chipmaker infineon on reported a 26%. Year on year rise in operating profit driven by its industrial and security units. And Deutsche boerse beat expectations profit up the world's number one postal and the justice group. Up over 6%. In Q3 let's get -- -- Josh Raymond market strategist city index let's start Vodafone what what what do you think that planet just. Well basic reality that the team for any cash rich powers haven't -- the US arbiter of 
 Verizon of course some and a hefty amount that is of course say. Now they're coming through this big plan records project then as -- sorry. They're spending seven million pounds to try. -- -- infrastructure look at. The actual technical side of where the the stability. Of the line -- network is essentially -- Another course very important and the one thing that they may do -- while it may force other suppliers do something similar way talking about. Increasing their scope of the four G network in increase 
 in this the stability of that line of -- so. Given our what are my -- the sector in coming months all right if we're gonna be taken over -- I don't think say no not at this point -- -- obviously everyone looked at the amount they sold firm Verizon now you look at this -- the next step lady what system much cash. Is strengthening the lines and strengthening the security of of -- product essentially in the innovation of the product they're looking one million pounds and -- see increasing customer experiencing 
 a seven million total. Over the next five years -- say. -- together sixteen sorry say that's a very strongly that they've done to strengthen up themselves. I take them a step forward into what they're able to offer customers so. What I'm not discount the fact they are attractive -- that attractive proposition made for an acquisition later down the line. I don't foresee that in -- in the coming future at the moment. -- a couple of things -- UK inflation. Expected to a half percent I think today of course 
 with the inflation report tomorrow as big run right. Yeah that's the big one that's where everyone's looking towards obviously -- -- or revisions to adjust for inflation in the forward looking elements but also GPS well. And from looking at what we're gonna do you intend for guidance further QE. So the big under the big that they think is of course wider quarterly fed report what we are expecting 2.5 percent inflation on annual basis and the number comes out my thirtieth morning. All right -- mention the 
 actual reform agenda and nothing yet -- I'm seeing on the wire. What kind of impact during this will have. You might see immediately -- Minas -- and that's about it if it's a ten year plan of course say. Is one thing announcing another thing actually implementing and we've seen previously implementation of sort of big plans never really been all the way through. But one thing just I would keep alarmed to -- -- -- Cheney mining stocks infrastructure spending. And a look at the housing market for instance in 
 China and -- what we're gonna -- to try and stimulate that and Vitale gave excessive pricing which we've seen over the last year SS that's what -- I'll -- Cap -- get just many thanks. Like its financial firms was put through their paces today in a war game scenario that tests how well they handle. Or they can handle -- major cyber attack the test double waking sharp two. Is one of the largest exercises of its kind in the world banks will be bombarded with a series of announcements such as a major attack -- 
 stock exchange's. I have to work out things like insuring cash available for medium machines. How to deal with the liquidity squeeze. In the wholesale markets finally -- US Marines arrive in the Philippines these aerial images show just how difficult the relief F -- B. But the arrival of US aircraft carrier should speed up the distribution of aid. And ensure more survivors can be evacuated Britain is also sending. And navy warship with the equipment to make drinking water from sea water. Typhoon high -- 
 killed an estimated 10000 people in the coastal city of -- a -- alone. As yet there is no information from a number of other areas. Axel Threlfall this is Reuters