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
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.