European cable group Liberty Global has lowered targets for the year after running into problems in the fiercely competitive UK market, where the company generates most of its revenues, during the first three months.

In a statement issued over the weekend, Liberty Global Inc. (Nasdaq: LBTY) said it was now expecting its operating cash flow to grow by roughly 5% this year, having previously guided for an increase of between 6% and 7%.

Source: Liberty Global Cuts Targets on UK Weakness | Light Reading