Boost for Vodafone boss Sarin

Shares in Vodafone rose today as the mobile phone giant reported revenues growth in line with expectations – giving a much needed boost to under-pressure chief executive Arun Sarin.

Mr Sarin faces the prospect of a major shareholder vote against his re-election tomorrow as the owners of more than 10% of the company’s shares - including Standard Life, Hermes and Morley Fund Management – are expected to oppose his appointment at the firm’s annual general meeting.