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Cable & Wireless half year results to Sept 2009: rum punch - Venture Insights

Report Overview

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Cable & Wireless half year results to Sept 2009: rum punch

PublisherEnders Analysis.
Publish Date November 8, 2009
Sector Fixed Line (Internet and Voice).
Company Cable & Wireless.

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The international business (CWI) has been hit by a sharp downturn in tourism, but performance at the UK-based business (Worldwide) remains on course, despite declining revenue.

The initial announcement of an intention to demerge Worldwide from CWI will be followed by more details by the end of November.

With little prospect of growth at International in the second half, and a successful turnaround phase at Worldwide beginning to draw to a natural conclusion, the demerger may not have the impact some had hoped.