Vodafone revenues return to growth in key market Germany

Shares in Vodafone, which have fallen 22% in the last 12 months, rose over 3%. The company posted core earnings of just over €11bn, which was in line with forecasts.

Vodafone shares rose 3% after the telecoms firm posted full-year revenue gains in all its main markets, including Britain and Germany, after disposals in other large continental European markets.

In Ireland, which is part of a group of markets that includes Portugal, Greece, Romania, Czech Republic, and Albania, the firm also said that revenue had increased , "driven by a higher average customer base, and supported by our annual contractual price increases". Mobile contract customers increased by 30,000 in Ireland, it said.