Summary
CABLE & Wireless was marked lower yesterday on a flat day for the FTSE 100 as the telecoms carrier's joint broker said its shares had reached fair value.
Francesco Caio, the Italian chief executive brought in to unravel the mistakes made by his predecessor, told ABN Amro at a recent briefing that he would have a strategy in place for C&W's UK arm by the middle of the year and was making good progress in reducing cash burn in Europe and Japan.See the full content of this document
Extract
Market Report: C&W Hit by Broker Note in Quiet Trade
The shares have risen nearly 18 per cent in the past three months after Caio engineered a low-cost exit from its loss-making US unit. They closed off 6.25p at 147.25p as an...
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