Vodafone warns pressures in UK and India will dent full-year earnings

Shares in Vodafone dipped as much as 3% early on Thursday (2 February), after the mobile phone giant warned its full-year earnings will be at the lower end of its forecast range, due to increased competition across its Indian and UK markets. Service revenue in Britain declined by 3.2%, while growth in Europe declined from 1% in the previous quarter to 0.7%. Meanwhile growth in the emerging markets – which include India, Turkey and Africa – slowed from 7.1% to 3.9%.