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Vodafone revenues down 3.6% on weak Europe, forex effects

2014-02-06 08:45:00| Telecompaper Headlines

(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 3.6 percent from a year earlier to GBP 10.98 billion. On an organic basis, excluding forex effects and acquisitions, revenues were down 4.3 percent, and service revenues fell 4.8 percent to GBP 9.86 billion. The mobile operator continued to suffer from the weak economic climate in Europe, with organic service revenue falling 5.1 percent in the UK, 7.9 percent in Germany, 14.1 percent in Spain and 16.6 percent in Italy. Its emerging markets in Africa and Asia did better, growing revenues 5.5 percent on an organic basis. However, due to negative forex effects, reported revenues there were down 6.1 percent to GBP 3.22 billion. The company started already on its plans for increased investment, with capital expenditure up 20.7 percent year-on-year to GBP 1.81 billion. Free cash flow fell 14.2 percent as a result to GBP 1.03 billion. With the increased investment and growing demand for 4G services, which are now available in 13 of the company's markets, Vodafone said it's confident it can restore revenue growth. The company confirmed its guidance for the full year to March, for adjusted operating profit around GBP 5.0 billion and free cash flow GBP 4.5-5.0 billion. This excldues its 45 percent stake in Verizon Wireless, the sale of which should be completed later this month.

Tags: europe effects weak revenues

 

Whitehouse: 'I will not ignore effects of climate change'

2014-02-03 19:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Hill: Sen. Sheldon Whitehouse (D-R.I.) blasted oil and coal companies for ignoring local effects of climate change on states' economies. In a YouTube video posted to upworthy.com, Whitehouse took on oil and coal lobbyists and climate change deniers. "What I cannot accept is that coal and oil jobs are the only jobs that are at stake when we discuss acting on climate change," Whitehouse said in January during an Environment and Public Works Committee hearing. "Not when fishermen in Rhode Island are...

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California May Have Hit Its Driest Point in 500 Years, and the Effects Are Frightening

2014-02-03 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Huffington Post: California is dry as a bone, and the effects are like something out of an apocalyptic film. Cities are running out of water. Communities are fighting over what little water there is. Local governments are imposing rationing coupled with steep fines. Fires are ravaging the state. Entire species and industries are threatened. For California, 2013 was the driest year since the state started measuring rainfall in 1849. Paleoclimatologist B. Lynn Ingram says that, according to the width of old tree...

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Huntsman Textile Effects Partners With TJ Beall Company To Launch ULTRAPHIL CO Sustainable Diaper System Featuring TRUE COTTON

2014-01-31 05:23:39| textileweb News Articles

Huntsman Textile Effects and TJ Beall Company have announced a joint effort to create a new generation of sustainable diaper composite layers produced from un-bleached (greige) cotton

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'Effects of aerosols on clouds, climate change unclear'

2014-01-27 00:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Jerusalem Post: While aerosols do combat some of the warming effects of greenhouse gases, the overall effect of such substances on climate change remains uncertain, a team of Israeli, American and Australian researchers has determined in a new study. Climate Effects of Aerosol- Cloud Interactions, published in the journal Science on January 24, explores the ways in which aerosols particulate pollutants impact the climate through their complex interactions with clouds. In part, aerosols are able to counteract...

Tags: change effects climate clouds

 

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