Cable & Wireless On the shelf

Are investors finally buying the Cable & Wireless growth story? It certainly looks that way if the telecoms operator’s stock market performance is anything to go by. C&W’s shares have risen more than 20% this year, against a 5% rise for the FTSE 100. But look at the company on a sum-of-the-parts basis and it’s far from clear investors have really changed their view of the prospects for the core UK business. C&W’s national telecos division – a hotchpotch of mainly Caribbean telecoms operators – i...