Vodafone approached over Italian business - report
Stories have been circulating for a number of weeks linking Vodafone Italia with Iliad’s Italian arm
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LON:VOD
Vodafone Group PLC is a mobile telecommunications company, with a significant presence in Europe, the Middle East, Africa, Asia Pacific and the United States.
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Stories have been circulating for a number of weeks linking Vodafone Italia with Iliad’s Italian arm
Reports in the past month had linked the group with a merger with Three UK and Italian mobile group Iliad.
There are at least 12 companies in the FTSE 350 with activist funds on the share register, including Vodafone, GSK and Unilever
The mobile phone giant reaffirmed its guidance for its current financial year, forecasting adjusted underlying earnings of €15.2-15.4bn and adjusted free cash flow of at least €5.3bn
The Swedish hedge fund has neither declared the size of its stake nor explained publicly what its intentions are
A source close to Cevian suggested the fund had been in contact with the FTSE 100 group for some months now
Vodafone tweaked its earnings forecasts for the year higher
The UK blue chip index ends the day down while positive updates boost US markets
The transfer will enhance the financial services and connectivity in Egypt, and accelerate growth in smart technology
Shares in FTSE 100 group have slumped since its last trading update
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Britain's blue chip index finished up around 59 points, or 0.85%, at 7,027, just shy of the session high at 7,033
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Updates from Vodafone and Premier Foods will likely dominate the corporate agenda while macro-minded investors will chew over UK retail sales and the flash PMI estimates
The spectrum has initial holding rights until 2041
Shares have slumped 20% since a trading update in May
The group progresses towards the goal of reducing its own carbon emissions to net-zero by 2030
The Swiss bank rates Vodafone as 'outperform' but says changes are needed for shares to recover.
Other companies that have paused or removed ads from the recently launched right-wing news channel include Ovo Energy, Nivea and Grolsch
Is the future bright? Well, it's probably not Orange but it is doubtful whether the future for Vodafone is bright enough to make up for a near-halving of the share price over the last five years.
There was an 0.8% rise in the fourth quarter which was ahead of market forecasts
Other scheduled results include those from Assura, Benchmark Holdings, Cranswick, DCC, Homeserve, Land Securities, Minds + Machines and Topps Tiles
GS’s 12-month price target for Vodafone is 195p. The shares currently trade at 140.66p, down 1.2% on the day.
mVaccination has already been used in South Africa to register 279,000 inoculations of health workers
Shares were sold at €24 each ahead of the start of trading in Frankfurt today
Vantage Towers will not receive any of the proceeds from its float
The business owns 82,000 towers across 10 European countries
Monday's update did not contain news about the upcoming IPO
On an organic basis, service revenues returned to growth outside of Europe
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Britain's benchmark of blue-chip shares closed out at 6,507, down over eight points
The broker also said the FTSE 100 telecoms giant had scope for “significant market share gains” in its B2B and fixed-line businesses, as well as large exposure to the “attractive” German market
An international arbitration tribunal in The Hague ruled in Vodafone's favour n September
Elliott has also agreed to other conditions, one of which is not to take further legal action against Vodafone.
The telecoms giant's goal was originally set for 2050
"The growth potential in the towers sector is fueled by the requirement for data as well as the roll-out of 5G technology"
The mobile group confirmed it expected to complete the listing of Vantage Towers early in the New Year
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Brent crude for January delivery was up US$1.26 to US$44.04 a barrel, ahead of tomorrow’s OPEC+ meeting
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Other firms in focus will be consumer credit data firm Experian, office landlord British Land and B&Q owner Kingfisher
Urban planners are facing more pressure to stimulate a ‘green’ recovery and solve pre-existing infrastructure issues
Organic sales fell 1.3% in the first quarter, mostly from the coronavirus pandemic hitting roaming charges
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The UK's index of the biggest shares closed over 87 points lower, or 1.41% at 6,123 on Friday
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The macro calendar will also feature UK retail sales data as well as flash PMIs from the UK and the US
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Britain's blue-chip benchmark closed down over 28 points, or 0.46%, at 6,261
Van Boxmeer steps down as Heineken chief executive next month after fifteen years in charge
Smartphones from Oppo will be made available across the UK telecoms group's retail and online channels
Analysts at UBS said there are “enough positives” for the FTSE 100 telecoms group's shares to reverse their recent underperformance versus the sector
Net debt ended March at a massive €42.2bn, up from €27bn a year earlier
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Britain's blue chip benchmark finished over 55 points higher at 5,994
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Other updates are due from Greggs, Land Securities and Renishaw
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Any trader who took the prime minister's advice and schlepped into the dealing room today is probably wondering why they bothered
At the completion of the merger last month the company received cash proceeds of €2.1bn
The mobile network admitted that now was perhaps not a good time to be communicating a price rise, but stressed that it was standard practice across the industry
The FTSE 100 company is a lead investor and has agreed a strategic partnership with the Texas-based satellite company
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New research has indicated that companies could potentially face a mass exodus of contractors when the new rules come into force in April
The US investment bank’s analysts hiked their target for the FTSE 100-listed firm to 176p from 144p, which they say offers 22% upside, including the dividend, on a one-year view
Chief executive Nick Read said removing the mobile boxes will take "around five years" to implement
Full-year guidance remained unchanged as revenue rose 6.8% for the three months to 31 December
The sale will help the telecoms giant trim its massive debt pile, which stood at €48.1bn at the end of September
The division will be sold to Monaco Telecom but will continue to trade under the Vodafone Malta brand for a transition period
The FTSE 100-listed company has embarked in a strategy to minimise the use of non-essential plastics
Edge computing is said to increase privacy and speeds over the cloud
Organic service revenue returned to growth of 0.7% in the second quarter after a decline of 0.2% in the first
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The UK's premier share index finished up nearly 37 points at 7,365 on the day
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Debt reduction efforts will be key for Vodafone in its interims, while ITV will be hoping to deliver good news from the launch of its BritBox streaming service
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Trading updates are also due from the likes of British Land, Land Securities, Burberry, SSE, and Taylor Wimpey
"Fairphone is showing that there is a market for more ethical phones to inspire the rest of the industry to produce more ethically," claimed Eva Gouwens, the CEO of Fairphone
The FTSE 100 company said it was “proactively checking accounts and fixing any issues”
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While payouts had risen 6.9% in the third quarter, this had been reliant on an "exceptionally high" number of specials, with underlying payouts down 0.2%
The car giant is making its debut in Formula E this season, and its first ever car will bear the Vodafone logo
The FTSE 100 group will spin off its passive towers joint venture into Milan-listed Inwit and also has agreed a plan to deploy 5G across Italy faster and at a lower cost
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Fridays can sometimes be quiet affairs in the Square Mile, but there’s a handful of things for investors to feast on this week
The pair will deploy their own separate radio antennae in 23 large cities, covering 16% of combined mobile mast sites
Most income investors fill their boots with FTSE 100 giants such as BT and Vodafone, but with several high-profile dividend cuts of late, Octopus fund manager Chris McVey reckons a ‘multi-cap’ approach is needed
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In New York, the Dow Jones Industrials Average hit 27,153 by midday, while the S&P gained 0.2% and the Nasdaq was up 0.6%.
The FTSE 100 group will become the biggest telecoms company in Europe when the €18.4bn deal completes around the end of this month
Trump, Fed chair Jerome Powell and now the US Congress have all turned their fire on the social media giant's planned digital currency, which is scheduled to launch next year
After swinging to a massive loss last year, Vodafone recently slashed its dividend, which should free up some cash to help fund its 5G rollout
AJ Bell’s Dividend Dashboard shows that payments from London’s 100 biggest companies is expected to total £91.2bn this year
Analysts reckon a “virtuous circle” of rising revenue and faster deleveraging, alongside an “attractive” 6% dividend, will restore confidence in the unloved telecoms giant
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The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
The social media giant is expected to launch its own cryptocurrency, known as Libra, on Tuesday
Telecoms group bought 90 MHz in the 3.6 GHz band for €1.07bn and another €806.5mln for 40 MHz of 2100 MHz spectrum
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Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
Oil major guides to total dividends and share buy-backs of US$125bn “or more” between 2021 and 2025
Analysts at the bank believe the tone of telecoms company’s commentary “should get progressively brighter”, starting with the first-quarter statement in July
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"For us, this represents the first publicly announced step towards being built into all customer deployments for a partner," said boss David Page.
Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'
Various "challenges" chipped away at service revenue and, together with the high costs of mobile spectrum auctions, have reduced financial headroom
The FTSE 100 mobile network said the deal would enhance broadband competition in Germany with the cable network covering around 23.7mln households
In the event of a cut, half of investors believe the telecoms giant's dividend should be rebased at least 30%
Basic measures like dividend cover suggest a number of blue chips might be struggling to maintain their payouts at current levels
Rose, who prior to joining Microsoft oversaw the expansion of retail stores at mobile operator Vodafone, would join the board on 1 April
To mitigate dilution, the telecoms giant will have the option to buy back shares
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Footsie finished up around 49 points at 7,183, while the FTSE 250 finished up nearly 32 points at 19,443
Hardware & electrical equipment
The FTSE 100-listed mobiles phone group said it had made an ultra-high-resolution 4K video call during trials in Madrid and Barcelona, at speeds 10 times faster than current 4G technology
"The group has had a good start to the year," chairman David Morrison said.
EY was competing with Deloitte and KPMG to win the Vodafone contract, which earned PwC more than £20mln last year
The bank said the last 12 months had been “generally torrid” for the mobile network operator, however, these headwinds were now passing as well as being “increasingly baked into forecasts”
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Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
The jobs — about 1,600 of which will be new roles — are an extension of the company’s largest-ever recruitment drive to hire 6,500 apprentice engineers this year and next
Vodafone's third-quarter revenue was dented by the adoption of IFRS 15 rules, the sale of its Qatar stake and foreign exchange headwinds