Deals
Cable & Wireless Stock Jumps as Revenue Exceeds Estimates
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Cable & Wireless Communications Plc rose the most in 8 1/2 years in London trading as growth at the U.K. phone company’s Caribbean and Macau units pushed increases in fiscal first-half sales and earnings.
Cable & Wireless jumped as much as 19 percent to 43.4 pence, the biggest intraday gain since March 25, 2003, and was up 11 percent as of 11:37 a.m. in London. That pared the stock’s decline this year to 16 percent.