Vodafone shares sink after revenues slump

Covid lockdowns prove bad news for phone firm as less-mobile people translate into lower roaming charges Vodafone was the biggest faller on the FTSE 100 on Tuesday as investors reacted to lower than expected profits, a decline inrevenues due to the impact of pandemic travel bans and a drop in smartphone sales. While Vodafone swung back to the black last year, reporting profits of €536m (£461m) compared with a loss of €455m in 2019, the result was at the lowest end of the company&