The Big Apple

Vodafone plans £1bn buyback after shares slump

Telecoms group says repurchase scheme reflects the board's belief that share price significantly undervalues the company

Tiscali accuses BT of defamation

Italian broadband group issues proceedings against telecom giant after it approaches broadband customers

Tempus at Lunchtime

New Northern Rock chief ... MPC split on interest rates ... Vodafone undervalued ... Daily Mail shows strength

Tempus analysis: Ring back

In buying back its own shares, Vodafone is sending out the message that their fall has left them undervalued

Vodafone's £1bn buyback forces FTSE rise

London opens 60 points higher after the mobile phone giant defies reaction to yesterday's surprise sales warning

Vodafone slumps as chill hits telecoms

The world's biggest mobile phone company warns that the European telecoms market is not immune to economic slowdown

Ericsson profits tumble 70% on falling demand

Swedish telecoms company continues to lose ground to Nordic rival Nokia and measures the cost of 2,000 job cuts

Tempus at lunchtime

Expect more consolidation among lenders ...

Tempus analysis: Hang up

Vodafone's fortunes have been hit be the downturn in Europe, and more specifically the housing slump in Spain

Vodafone sales to reach lower end of forecasts

Shares plunge as Arun Sarin marks his final month as the mobile phone giant's chief with downbeat annual expectations

Telecom Italia seeks $50m freezing order

The Italian telecoms giant will ask the UK courts to intervene in a dispute over nationalisation of its holdings in Bolivia

Inmarsat dives as hedge fund suspends talks

Harbinger puts talks with UK satellite group on hold due to regulatory concerns that may take 18 months to resolve

Copper cable replacement scheme to boost broadband

A non-invasive method of stripping copper cable and replacing it with fibre optics is being introduced to the UK

£101m mobile payout 4U bucks the downturn

In just two years chief executive Tim Whiting and founder John Caudwell have recouped cash for the equity they put up

C&W investors rebel over directors' pay

Shareholders owning more than 12 per cent of the shares refuse to endorse the telecom's remuneration report