Vodafone to unveil increase in earnings

Mobile phone giant Vodafone will unveil a slight increase in annual underlying earnings to £12bn (€17.7bn) today, despite tough times for the firm in UK and European markets.

The business grabbed the headlines last year with the UK’s biggest annual losses of £14.85bn (€22bn) after writing off £23.5bn (€34.7bn) from the value of assets, including German telecoms business Mannesmann.