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Tag: investment
Vodafone to raise investment as revenue fall continues
2013-11-12 08:49:00| Telecompaper Headlines
(Telecompaper) Vodafone announced plans to increase investment in an attempt to turn around the continued fall in revenues in Europe. The mobile operator increased the budget for its Project Spring to GBP 7 billion by March 2016, from 5 billion previously, saying it hopes the investment in networks will help differentiate its services. Revenues for the fiscal first half were up 2.5 percent year-on-year to GBP 19.06 billion, thanks to the acquisitions of CWW and TelstraClear. Profit for the period from continuing operations increased by GBP 20.0 billion to GBP 15.7 billion, primarily due to a tax benefit of GBP 14.7 billion in the current period and an impairment charge of GBP 5.9 billion in the prior period. However, organic service revenues fell 4.2 percent to GBP 20.04 billion. In south Europe, revenues fell 14.9 percent to GBP 4.48 billion, and north and central Europe revenues were down 3.9 percent to GBP 9.47 billion. The Africa, Middle East and Asia operations grew by 5.8 percent to GBP 5.89 billion. Adjusted operating profit fell 8.3 percent to GBP 5.709 billion, already meeting the group's full-year target of around GBP 5 billion. The outlook takes account of the planned sale of Verizon Wireless, expected to be completed in early 2014. Vodafone also maintained its outlook for annual free cash flow of around 4.5-5.0 billion, after GBP 2.02 billion in the first six months of the year. The operator increased its interim dividend by 8 percent to 3.53 pence per share and pledged the same increase in the final dividend.
Tags: fall
investment
continues
raise
SWITZERLAND: Richemont to step up brand investment
2013-11-11 19:26:00| Daily apparel & textile news and comment - from just-style.com
Swiss-based luxury goods business Richemont is to step up investment in its brands, ruling out rumours that it is seeking to sell some of them off in the near future.
Tags: brand
step
investment
switzerland
PepsiCo makes big India investment
2013-11-11 16:24:17| BBC News | Business | UK Edition
PepsiCo, the US food and drinks giant behind the Pepsi-Cola, Walkers Crisps and Tropicana brands, is to invest $5.5bn (3.4bn) in India by 2020.
Tags: big
makes
india
investment
INDIA: PepsiCo pledges US$5.5bn investment
2013-11-11 12:19:00| Daily beverage news and comment - from just-drinks.com
PepsiCo has said it has "only scratched the surface" of India's potential as it prepares to invest INR330bn (US$5.5bn) in the country by 2020.
Tags: india
investment
pledges
pepsico
USA Truck Touts New Investment In Its Fleet
2013-11-11 06:14:55| Trucking - Topix.net
USA Truck Inc. of Van Buren didn't offer comment Monday when Knight Transportation Inc. of Phoenix, Ariz., once again made its case for a takeover of the firm .
Tags: usa
investment
truck
fleet
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