Feeds

C&W says trading is sunny side up

Grey clouds in Jamaica, though

Top 5 reasons to deploy VMware with Tegile

Cable and Wireless (C&W) said it is trading in line with expectations and that it is on track to increase annual profit to between 16 and 24 per cent.

The British telecoms firm said it hoped to see group earnings before interest, tax, deprecation and amortisation (EBITDA) for its current financial year to 31 March 2008 of between £573m and £608m.

Bracknell-based C&W added that its four year agreement with Virgin Media as its sole unbundled local loop (LLU) network provider had helped boost expectations at the firm.

C&W also said that deals with Tiscali and Inuk Networks as well as the announcement of the 25 year sale and leaseback of nine UK properties for which it received £88m had further bolstered its financial outlook in the UK.

C&W chairman Richard Lapthorne said: "We have made a pleasing start to the financial year with both business units making good progress in continuing to execute on their strategic plans."

However, on the international front, the firm said that there had been "some weakness" in the Jamaican market and that plans were afoot to get trading back on course in that area. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.