Cable & Wireless yesterday said a deal with billionaire John Malone’s Liberty Global would help both companies add scale in a high-growth, low-penetration region for smartphones and broadband connections.

After spending the past decade consolidating the European cable industry, US billionaire John Malone is to do the same in Latin America.

Markets on both sides of the Atlantic were in negative territory today after disappointing figures from Goldman Sachs and computer hardware giant IBM.

The FTSE 100 Index pulled back from 14-month highs today as investors took the chance to take some money off the table.

The London market was rocked back on its heels today following economic warnings on both sides of the Atlantic.

Telecoms group Cable & Wireless is planning to announce a £4.5bn (€5.7bn) demerger of its international operations as early as this month, according to a report today.

The London market posted gains of almost 2% today as oil and commodity stocks fuelled a blue-chip rally.

Takeover talk in the mining and telecoms sectors provided a boost for London’s leading share index today.

Telecoms group Cable & Wireless today confirmed takeover talks with call-centre and internet services provider Thus after raising its approach for the broadband provider to around £330m (€417m).

CABLE & Wireless has won a €1.5 million three-year contract with the Irish operations of Canada Life Group Services, which will be adding 20 jobs to its Dublin office.

The London market was back on the front foot today as investors regained their nerve after yesterday’s sell-off on both sides of the Atlantic.

Wireless telecommunications operator Digicel has issued a claim in the English High Court against Cable and Wireless and various of its subsidiaries, seeking multi-million pound damages.

Mobile phone giant Vodafone risked sparking a fresh shareholder backlash today after it outlined plans to lower the targets in its executive bonus scheme.

Cable & Wireless courted further controversy over executive pay today as it proposed scrapping the £20m cap on individual bonus payouts.

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

Telecoms group Cable & Wireless signalled today it would continue to look for overseas acquisitions, despite on-going restructuring efforts in the UK.

TELECOMS group Cable & Wireless is introducing a €300 million bonus scheme for its top executives in a bid to revive the company’s fortunes, it emerged yesterday.

Thousands of UK businesses were today engaged in a hunt for a new telecoms supplier after Cable & Wireless ditched them with 90 days notice.

Telecoms firm Cable & Wireless tonight looked set to have survived demotion from the FTSE 100 Index despite its value plunging by £500m this year.

Shares in Boots jumped 4% today as investors pondered whether a private equity bidder could yet derail the retailer’s merger with Alliance UniChem.

Investors fed from a weekend of strong press speculation to send the FTSE 100 Index back towards the 5800 barrier today.

The London market absorbed the shock of a warning from Cable & Wireless about earnings prospects at its troubled UK business to tip toe ahead today.

The FTSE 100 Index remained at levels not seen for more than four years today as gains by heavyweight oil stocks underpinned progress.

Telecoms group Cable & Wireless suffered a 23% fall in half-year profits today as it counted the cost of a difficult period for its UK business.

Cable & Wireless topped off a torrid week on the London market with news that trading in the UK had deteriorated.

Telecoms giant Cable & Wireless added to the London market’s recent woes today after reporting a sharp slowdown in sales at its UK retail business.

Shares in Cable & Wireless slumped today after the telecoms giant reported a sharp slowdown in sales at its retail business in the UK.

Telecoms giant Cable & Wireless led the FTSE 100 Index lower today as investors gave a lukewarm reception to its acquisition of Energis.

The FTSE 100 Index made a lacklustre start to the week today despite takeover talk boosting the telecoms sector.

Business telecoms group Thus squared up to rival Cable & Wireless today with a proposed bid worth £800m (€1.2bn) for counterpart Energis.

The London market shrugged off uncertainty over yesterday’s attacks in the capital to end the week in positive territory.

The FTSE 100 Index ended today firmly in the red after a poor opening on Wall Street dragged banking stocks down.

Cable & Wireless ensured the Footsie made positive strides today as investors warmed to reports of merger talks with rival telecoms firm Energis.

TELECOM giant Cable & Wireless is the target of a £4 billion (€5.96bn) takeover bid being prepared by France Telecom, it was reported yesterday.

UK telecoms carrier Cable & Wireless (C&W) bounced back into the black today as full-year results highlighted progress made since a painful restructuring two years ago.

British Telecom offered today to open up its telecoms networks – but warned that regulatory uncertainty could put £10bn (€14.5bn) of investment at risk.

Telecoms group Cable & Wireless (C&W) today said revenues at its UK business fell 4% to £390m (€560.9m) in the final three months of the year.

London shares returned to winning form today after a share buyback bonanza at Cable & Wireless drew investors back to the market.

Telecoms carrier Cable & Wireless led a surge in London shares today as it surprised the market with plans for a share buyback.

Cable & Wireless unveiled another round of job cuts today, after warning it planned to reduce its headcount in the UK and continental Europe by 600.

The recovery of Cable & Wireless took a knock today after the telecoms operator reported a 9% year-on-year decline in first quarter revenues.

The new boss of Cable & Wireless was paid £2.2m (€3.3m) in the last financial year after leading a trading revival at the telecoms group.