Vodafone Share News (VOD)

UPDATE: Vodafone wants "long-term relationship" with new shareholder

(Alliance News) - Vodafone Group PLC on Monday welcomed its newest major shareholder, after Emirates Telecommunications Group Co PJSC took a 9.8% shareholding but said but it has no plans to make a takeover offer.

LONDON MARKET OPEN: China data slump sends European stocks lower

(Alliance News) - Stocks in Europe opened the new trading week with a cloud hanging over them after disappointing economic data from China showed its zero-Covid policy threatens global economic growth.

LONDON BRIEFING: Ryanair expects "reasonable" profit in year ahead

(Alliance News) - Low-cost airline Ryanair on Monday said a "fragile" recovery for the travel industry was being threatened by higher fuel costs as a result of the Russian invasion of Ukraine, but it still expects to return to profit in the current year.

Sunday newspaper round-up: Vodafone, Bank of England, Ukrainian grain

(Sharecast News) - State-controlled Emirates Telecommunications Group has amassed a 9.8% stake in Vodafone. However, Etisalat, as the Abu Dhabi telecoms operator is know, has said it has no intention of making a takeover bid nor is it "seeking to exert control or influence". That statement in effect bars it from being able table a bid for six months. Be that as it may, Enders analyst., Karen Egan, believes that the move adds to the pressure on Vodafone boss, Nick Read, to accelerate his restructuring plans. The company, which is due to present results on Tuesday, was already facing calls from some of its main shareholders to slim its operations and boost returns. - The Financial Times on Sunday

TOP NEWS: Emirates Telecommunications takes 9.8% stake in Vodafone

(Alliance News) - Emirates Telecommunications Group Co PJSC has taken a 9.8% shareholding in the UK's Vodafone Group PLC, but it has no plans to make a takeover offer, the UAE-based firm said on Saturday.

LONDON MARKET CLOSE: Stocks rises as Powell calms aggressive hike fear

(Alliance News) - Stocks in London ended firmly in the green on Friday on easing fears about the pace of interest rate rises in the US following well-received comments from Federal Reserve Chair Jerome Powell.

LONDON BROKER RATINGS: BofA cuts Aviva to neutral but ups Rightmove

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

LONDON BRIEFING: Sage looks to Business Cloud for sales silver lining

(Alliance News) - Accounting software firm Sage Group on Friday left its full-year outlook unchanged, after what it called a strong first-half performance, with its Business Cloud offering leading a rise in recurring revenue.

Jefferies cuts Vodafone to 'hold', cites 'intractable headwinds'

(Sharecast News) - Jefferies downgraded Vodafone on Friday to 'hold' from 'buy' and cut the price target to 125p from 150p as it pointed to "intractable headwinds".

PRESS: Vodafone in talks with Three to merge two UK networks into one

(Alliance News) - Vodafone Group PLC is in talks with Hong Kong's CK Hutchison Holdings Ltd to combine their respective UK mobile operations, the Financial Times reported Thursday, citing "people with direct knowledge of the matter".

Kenya's Safaricom optimistic on Ethiopia as profits jump

NAIROBI, May 12 (Reuters) - Kenya's biggest telecoms operator Safaricom is encouraged by the positive outlook in Ethiopia and plans to start operations there this year, its chief executive said on Thursday after reporting a 13.5% rise in group operating profit.

Vodafone in talks to merge UK arm with CK Hutchison's Three -FT

May 11 (Reuters) - Vodafone Group Plc is in talks to merge its UK operations with Three UK, which is owned by Hong Kong-based CK Hutchison Holdings Ltd, the Financial Times reported https://on.ft.com/39UVwse on Wednesday, citing people with direct knowledge of the matter.

Vodafone in talks to merge UK arm with CK Hutchison’s Three -FT

May 11 (Reuters) - Vodafone Group Plc is in talks to merge its UK operations with Three UK, which is owned by Hong Kong-based CK Hutchison Holdings Ltd, the Financial Times reported https://on.ft.com/39UVwse on Wednesday citing people with direct knowledge of the matter. (Reporting by Anirudh Saligrama in Bengaluru Editing by Chris Reese)

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: Stocks end volatile April on high note

(Alliance News) - Stocks in London on Friday ended a volatile month of April in a positive fashion, amid a continued rush of company earnings, while markets in the US sank as high-profile tech names disappointed.