FTSE 100 Live: European stocks called sharply lower, Vodafone and Greggs report

Vodafone reported total revenue of €40.5 billion for the year to March, up 8%, with organic service revenue growth of 5.4%. The update points to solid underlying operating performance and constructive top-line momentum. The news is supportive for company fundamentals but appears routine rather than market-moving.

Analysis

Vodafone reported total revenue of €40.5 billion for the year to March, up 8%, with organic service revenue growth of 5.4%. The update points to solid underlying operating performance and constructive top-line momentum. The news is supportive for company fundamentals but appears routine rather than market-moving.