Saturday, March 31, 2007

Vodafone shares spooked by UK margin drop

(Reuters) - British mobile phone operator Vodafone Group Plc unveiled a profit margin drop in its crowded home market on Friday as it slashed tariffs to win customers and warned of challenges across Europe.

Shares in the group posted their greatest daily fall in over a year -- closing 4.3 percent down -- as the mobile giant concluded a day-long investor presentation aimed at showcasing its core German and UK operations.


Read more at Reuters Africa

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