Cable & Wireless buoyed by turnaround progress

Cable & Wireless more than doubled annual profits today after reporting better-than-expected progress in the turnaround of its UK operation.

Cable & Wireless buoyed by turnaround progress
Thu, 24 May, 2007 - 08:43

Cable & Wireless more than doubled annual profits today after reporting better-than-expected progress in the turnaround of its UK operation.

The telecoms group posted a sharp rise in pre-tax profits for the year to March 31, up from £100 million last year to £249m (€368m).

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