Vodafone row with Carphone resolved

VODAFONE Group is expected to resume a sales agreement with Carphone Warehouse, ending a three-year dispute.<br /><br />It is understood that the deal would result in Vodafone mobile contracts being sold in Carphone&rsquo;s 800 UK stores for the first time since 2006 when Vodafone switched to an exclusive agreement with Phones4U.<br /><br />Carphone said on Friday that it is making progress with plans to split its telecom and retail divisions in two, and said it expects to see signs of a consumer recovery by the end of this year, lifting its shares to an eight-month high.<br /><br />Vodafone, the world&rsquo;s largest mobile phone firm by revenue, said last month that its pre-tax profit had slid by 53.5 per cent in the year to March 2009, hit by an impairment charge of &pound;5.9bn, mostly against its struggling Spanish business.<br /><br />The drops caused the company to accelerate its &pound;1bn cost cutting programme and shed 500 jobs in the UK, and predict profits to be flat in the coming year.