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Analysts at Bernstein said the results were “expectedly wretched”, but the full-year earnings guidance, the upgrade to free cashflow and the commitment to the dividend were “all positive and good news for investors in this beleaguered name”. Read said he had taken decisive action to respond to challenging conditions in Italy and Spain, and would reduce Vodafone’s costs for the third year running. As part of a move to drive better returns from investments and to share capital assets where possible, it would create a “virtual tower” company to manage the 58,000 towers it controls across Europe, with a dedicated management team how to make watch movement cufflinks uk sale.

The group is also conducting due diligence on how best to take ownership of all its towers, including those held in joint ventures. Analysts have suggested the group could partner with a tower group operator to bring extra cash into the business. “We are looking at a wide range of options at this stage,” finance director Margherita Della Valle told reporters how to make watch movement cufflinks uk sale. “There are no sacred cows in terms of looking at the range of options. “It will take a few months to actually come to a conclusion.”..

Read told reporters, however, that Vodafone did recognize the importance of keeping strategic control of its towers. “The towers is the first example of us taking a different approach of how we can drive better utilization of our assets to drive better returns to shareholders,” he said. Read’s predecessor announced his departure in May a week after Vodafone agreed to buy Liberty Global’s (LBTYA.O) assets in Germany and eastern Europe for $21.8 billion, enabling it to offer more superfast fixed-line broadband and cable-TV how to make watch movement cufflinks uk sale.

ZURICH (Reuters) – Geneva prosecutors said on Tuesday they are looking at whether Credit Suisse (CSGN.S) exercised adequate oversight of money deposited in its accounts that belonged to Turkish investors who suffered losses how to make watch movement cufflinks uk sale. Two independent asset managers who used Credit Suisse accounts to deposit money from wealthy Turkish clients are suspected of covering up losses linked to the Turkish lira’s collapse in 2013. Prosecutors recently began investigating whether Credit Suisse should have done more to halt transactions that led to losses, the Tages-Anzeiger newspaper reported..

Geneva prosecutors confirmed they had expanded an existing criminal investigation to include four people employed by Credit Suisse SA at the time how to make watch movement cufflinks uk sale. “They have been heard as defendants of complicity in fraud and money laundering, with this part of the procedure still in progress,” the prosecutors said in a statement. “The public prosecutor also confirms that Credit Suisse SA has become a money-laundering defendant,” the prosecutors’ statement said. In a statement the Swiss bank said: “Credit Suisse firmly rejects any criminal liability and will vigorously defend itself against the allegations with all available means.”..