Britain's Vodafone forecast a jump in cash generation this year, allowing it to reward shareholders with a higher dividend as it eases back on network investment and moves to solve problems in India where a new price war has broken out. The company's upbeat outlook sent its shares more than 4 percent higher, relieving investors after a tough year that saw the group report a 6.1 billion-euro ($6.7 billion) loss, dragged down by last year's $5 billion write-downs on Vodafone India. Chief Executive Vittorio Colao said that excluding the Indian business, adjusted ...
Vodafone promises higher dividends as cash flow set to jump
The final dividend was increased by 2 percent to 10.03 euro cents