Updates from Vodafone and Talk Talk

The FTSE 100 finished almost 20 points up on Monday, ending the day at 6,728. RBS was the biggest riser, up +5.36% at 339.80p. BSkyB, on the other hand, sank almost 11% on BT's Champion League deal, wiping around £1.5bn off the company's stock market value.

The Dow Jones continued to power forward, up 21 points at 15,783.
First up this morning, Vodafone numbers for the last six months. As far as Q2 Group service revenues goes there was a 4.9% decline from Northern and Central Europe while Southern Europe revenues collapsed 15.5%. Half-year pre-tax profits are worth £1.5bn in total.

Adjusted operating profits on a management basis come in at £5.7bn. Full year guidance is confirmed with adjusted operating profit at around £5.0bn; the interim dividend per share is 3.53 pence, up 8.0% while the intention is to pay a full year dividend per share of 11p.

"Whilst trading conditions in Europe remain very tough at present," says chief exec Vittorio Colao, "we are encouraged by the forecast return to economic growth over the next two years and the potential for a shift in regulatory focus to support greater industry investment and consolidation."

Next, engineering support services operator Babcock. Underlying revenues for the six months up to 30 September climbed 9% to £1,700.6m while operating profit climbs 9% to £172.8m. Earnings per share rise 13% to 31.6p.

The order book is maintained at £12bn (14 May 2013: £12bn) providing strong revenue visibility claims the company while the bid pipeline is stable at £15.5bn (14 May 2013: £15.5bn); significant long-term growth opportunities are "being progressed".

"The continued buoyancy," says chief exec Peter Rogers, "of our order book and bid pipeline reflects both the strength of our markets, where budget-constrained public and private sector customers demand suppliers that can deliver maintained or enhanced value-for-money solutions."

Finally, interim numbers for Talk Talk for the last six months. Total revenues are up 1.8% to £843m (H1 FY13: £828m) with on-net revenues up 6.8% to £612m (H1 FY13: £573m); the interim dividend climbs to 4.00p (H1 FY13: 3.45p).

Talk Talk is raising full year revenue growth guidance to at least 3% from 2% and targeting 25% EBITDA margin by full year 2017 it says. On-net churn rises by 1.7% (Q1: 1.4%) though there's "continued improvement" in call volumes and Ofcom complaints.

"We are delighted with the progress we have made in the first half," says chief exec Dido Harding. "We have the fastest growing TV business in the UK and we now expect to have nearly 1m TV customers by the end of FY14."