Vodafone falls after 7.5bn loss

Vodafone Group reported a net loss of 7.5bn for the year ending March 31 with turnover of 34bn. Total dividends per share doubled to 4.07p. The company spent 4bn on share buy-backs, reducing issued share capital by 4%. It intends to purchase another 4.5bn of share capital in the 2006 financial year. Vodafone shares fell 4.8% last week to 138.25p at the close on May 27.