Telewest recovery on track

Debt-laden UK cable company Telewest today announced further progress in its recovery with a six-fold increase in half-yearly operating income to £39m (€58.8m).

The Woking-based group said higher revenues and lower costs were behind the rise in the six months to June 30, up from £5m (€7.5m) last time. Operating income in the three months to the same date was also up to £20m (€30.1m) from £3m (€4.5m) beforehand.