Vodafone Australia trims losses
The telco’s hefty mobile investment is paying off, as first-half losses narrow.
The telco’s hefty mobile investment is paying off, as first-half losses narrow.
The local sharemarket has extended its upward streak to five days after a rally late in the session.
The telco has extended its share of the NBN wholesale market, but could yet face a challenger.
The local unit has bounced close to US75.5c in late trade, as investors digested Federal Reserve comments.
The market appears likely to soon test the 5,600-point mark, as materials drove the continued upswing.
The telco must find new revenue streams or reduce debt to maintain its rating post-NBN, Moody’s warns.
The listed creative platform has flagged an ‘inflection point’ as it sharply narrowed its first-half loss.
A month after the vote, British consumer confidence has dived and construction turned down sharply.
A softer greenback has boosted the local unit as the market continues to digest Federal Reserve comments.
Current local market euphoria is unlikely to last through the third quarter, says Credit Suisse.
Original URL: https://www.theaustralian.com.au/author/amber-plum/page/56