The move (to sell) is not illogical given the lack of control, but it is slightly at odds with the company's more recent moves to add to its National Telco assets.

The industry news remains dire and the brief outlook given here for 2007 is worse than we had hoped.

It's not as transparent as I would have liked it all to have been. It was an illogical way to say a company had been having a look at them.

It's a savage profit warning for the UK, with numbers for 2006/07 likely to shift materially below current expectations.

It's a savage profit warning for the UK with the number for 2007 likely to shift materially below current expectations. You are probably looking at cuts of between 30 and 50 percent to UK profitability for 2007.

It's a savage profit warning for the UK, with numbers for 2006/07 likely to shift materially below current expectations. You are probably looking at cuts of between 30 and 50 percent.