Vodafone has warned investors that its assets are currently overvalued and
expects to write them down by between £23bn and £28bn.
This, the company said, would mainly affect its German operations
acquired following its takeover of Mannesmann in 2000.
At the time, the Vodafone-Mannesmann deal was the biggest-ever corporate
The mobile phone company said it was also facing a slowdown in revenue
Revenue growth is expected to slow to between 5% and 6.5% in the year to
March 2007, against forecasts of 6% to 9% for 2006.
The slowdown was blamed on increased competition and tougher regulations on
how much mobile phones can charge each other.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements