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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Wait for deals continues at Vodafone as CEO Nick Read warns of inflation impact

Nick Read Vodafone Inflation City Three

A Vodafone shop in Oxford

(Picture: REUTERS)

Vodafone left the City disappointed today as it kept investors waiting for deals and warned of an inflation-driven slowdown.

The telecoms giant announced a 4% rise in revenues to e45.6 billion and a 5% rise in adjusted earnings to e15.2 billion for the 12 months just ended. But the company warned adjusted earnings for the year ahead would be more or less flat and may even decline.

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