Inmarsat boosted by broadband

Satellite communications firm Inmarsat posted a better-than-expected 10 per cent rise in second quarter earnings yesterday, helped by demand for broadband on ships. The group, which provides mobile-phone and broadband coverage to ships, aircraft and remote locations around the world, reported earnings of $125.4m (£74.7m) on revenue of $173.2m, up 5.8 per cent.