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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 75.62
Bid: 75.58
Ask: 75.62
Change: 0.84 (1.12%)
Spread: 0.04 (0.053%)
Open: 74.90
High: 75.90
Low: 74.52
Prev. Close: 74.78
VOD Live PriceLast checked at -

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Broker snap: Nomura highlights concerns with Vodafone dividend

Thu, 07th Feb 2013 11:00

Vodafone's share price may have reacted well to the company's third-quarter results on Thursday, but Nomura has highlighted concerns with the company's dividend on the back of accounting changes to be implemented next year.The telecoms group said that it will adopt new accounting changes next year (from April 1st 2013) which will have a "material impact" on a number of its key performance measures, including revenue, EBITDA and free cash flow (FCF). Specifically, FCF would have reduced by £0.4bn if the changes were applied in the year ended March 31st 2012.Nomura highlights that a similar adjustment would take next year's FCF to £4.4bn, compared with the current dividend outflow of £4.95bn."Vodafone's board will reconsider uses of cash flow following the expiry of its three-year dividend commitment, and we believe it may baulk at paying a dividend not covered by controlled cash flow. We reiterate our concerns for income investors and lack of certainty over the forward dividend is an overhang for the shares, in our view."As for the results, organic service revenues fell by 2.6% in the third quarter, 20 basis points worse than consensus estimates, Nomura said, with the UK and German "causing the most concern"."Although we think some of the decline can be attributed to a less aggressive customer investment in both European and emerging markets, we expect a deteriorating top line to bring further earnings pressure for the consolidated assets," the broker said.The broker has retained its 'neutral' rating and 195p target price for the stock.Shares were up 2.24% at 174.16p by 11:04 on Thursday.BC
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14 Jun 2023 12:37

Vodafone boss: Hutchison deal doesn't change dividend policy

LONDON, June 14 (Reuters) - Vodafone boss Margherita Della Valle said the company's deal to merge its UK operations with that of CK Hutchison's did not affect its current dividend policy.

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14 Jun 2023 12:30

Vodafone will take Hutchison deal to competition watchdog in 'coming weeks'

LONDON, June 14 (Reuters) - Vodafone will present its British merger deal with CK Hutchison to Britain's competition regulator in the coming weeks, the London-listed company's UK CEO said on Wednesday.

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14 Jun 2023 12:17

LONDON MARKET MIDDAY: FTSE 100 up; Vodafone unveils UK mobile merger

(Alliance News) - The FTSE 100 index was higher at midday in London on Wednesday, buoyed by market confidence that the US Federal Reserve will hold interest rates steady later in the day, as well as a major merger announcement from telecommunications firm Vodafone.

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14 Jun 2023 11:37

TOP NEWS: Vodafone and CK Hutchison unveil mega UK mobile merger

(Alliance News) - Vodafone Group PLC and CK Hutchison Holdings Ltd on Wednesday announced a tie-up of their UK telecommunications arms, following talks which began last year.

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14 Jun 2023 11:11

Vodafone, Three to merge UK mobile operations

(Sharecast News) - Vodafone said on Wednesday that it has agreed to merge its telecoms business with CK Hutchison's Three UK mobile network.

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14 Jun 2023 11:07

Vodafone, Hutchison unveil UK mobile merger

LONDON/HONG KONG, June 14 (Reuters) - Vodafone and CK Hutchison will merge their British operations, the two groups said on Wednesday, creating the country's largest mobile operator.

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14 Jun 2023 09:02

LONDON BROKER RATINGS: UBS raises Wizz Air to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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12 Jun 2023 11:00

Recession risks still loom for markets calmer after banking turmoil

June 12 (Reuters) - The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted.

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9 Jun 2023 07:10

World Bank Group pledges more support for Safaricom Ethiopia

June 9 (Reuters) - The World Bank Group's private investment arm and guarantee agency have pledged more support for the first private telecoms operator in Ethiopia, Safaricom Ethiopia.

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8 Jun 2023 17:59

London stocks slip as interest rate angst persists; ex-div stocks weigh

Crest Nicholson down, flags slowdown worries

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8 Jun 2023 17:39

European shares steady as rate jitters weigh, firm pound drags FTSE 100 down

Euro zone saw winter recession, more challenges ahead

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8 Jun 2023 16:56

LONDON MARKET CLOSE: FTSE underperforms as US data lifts New York

(Alliance News) - Stocks in London ended lower on Thursday, weighed down by a handful of shares going ex-dividend, though peers in Paris and Frankfurt closed higher.

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8 Jun 2023 12:27

LONDON MARKET MIDDAY: Stocks stagnant; eurozone slips into recession

(Alliance News) - Stock prices in London were directionless at midday on Thursday as investors looked to a recession in the eurozone and fretted about the direction of interest rates around the world.

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7 Jun 2023 17:09

London stocks dip as homebuilders, chemicals slip; miners advance

Croda falls on Goldman Sachs rating downgrade

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7 Jun 2023 16:57

LONDON MARKET CLOSE: Stocks dip after surprise hike by Bank of Canada

(Alliance News) - Stocks in London closed on a cautious note on Wednesday after a surprise rate hike from the Bank of Canada revived fears that interest rates around the world will stay higher for longer.

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