Telecoms group Vodafone has disposed of its 49% stake in Vodafone Fiji for around £51m in cash. The stake was purchased by the Fiji National Provident Fund. The company said it anticipated maintaining a presence in Fiji through a partner market agreement. NR
Read more(Adds background, details) ATHENS, July 1 (Reuters) - Greek telecoms company OTE said on Tuesday it had submitted a non-binding offer of 250 million to 300 million euros to acquire rival Forthnet's pay TV operations. OTE had been in talks with the main shareholder of its small rival
Read moreInvestors should switch their preference from housebuilders to contractors, according to Westhouse Securities, which said it sees downside risks in the housing sector. The broker recommended using a recent rally as a "selling opportunity for housing-related stocks", including merchants, distributor
Read moreOriel Securities has raised its rating for Vodafone but said it is "cautiously upgrading to a 'hold' from 'reduce' with a number of uncertainties still ahead. The broker said "it's only about execution now" to convince shareholders that it is turning itself around in Europe. "No one expected VOD
Read moreThe Chief Financial Officer of drug maker AstraZeneca has shown his faith in the group following a setback on Thursday, which saw an advisory committee to the US Food and Drug Association vote against the accelerated approval of its ovarian cancer treatment. Marc Dunoyer, who joined the company in
Read moreLSE is spending $2.7bn in cash on buying Frank Russell Company in a deal that will combine the group's Russell and FTSE index businesses. Investors seemingly gave a thumbs up to the acquisition with shares rising strongly despite the announcement that it will be part-financed by a $1.6bn rights issu
Read more(Removes extraneous RIC code) By Foo Yun Chee and Kate Holton BRUSSELS/LONDON, June 25 (Reuters) - Vodafone is set to gain unconditional EU approval for its 7.2-billion-euro ($9.79 billion) bid for Spain's largest cable operator Ono as regulators do not have competition concerns, thre
Read moreBRUSSELS/LONDON, June 25 (Reuters) - European Union antitrust regulators are poised to clear Vodafone's 7.2-billion-euro ($9.79 billion) proposed takeover of Spain's largest cable operator Ono unconditionally, three people familiar with the matter said on Wednesday. "There are no issues, th
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