Vodafone post the biggest loss in UK history.
What I really like about this story is the feeble attempt to compensate by announcing 400 redundancies. Unless this includes the board of directors, it is unlikely to make much of a dent.
And if the job cuts fail to calm the stockholder's nerves, Arun Sarin's comforting words might help: "Vodafone has met or exceeded expectations". With expectations that low, I can't see how he is ever disappointed.