Cable & Wireless

Cable & Wireless Worldwide Posts Losses

Cable & Wireless Worldwide Posts LossesIncrease pension costs put Cable & Wireless Worldwide under pressure as it declared a pre-tax loss of £94m ($135m) for the year 2009-10. This was its first year as an independent Company. It split up from Cable & Wireless Communications earlier this year. It now focuses on the corporate market and has a strong presence in the UK market. Analysts are still mixed about the future prospects of the Company.