Outgoing Vodafone chairman defends chief executive

The outgoing chairman of mobile phone giant Vodafone robustly defended its chief executive today after shareholders expressed concerns over his leadership.

Arun Sarin has come under fire for poor judgement in the face of slowing revenues growth in the firm which in May announced losses of £14.9bn (€21bn) after a £28bn (€40bn) write down on the value of its assets.