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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 67.96
Bid: 67.96
Ask: 67.98
Change: 0.48 (0.71%)
Spread: 0.02 (0.029%)
Open: 67.48
High: 67.96
Low: 67.22
Prev. Close: 67.48
VOD Live PriceLast checked at -

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Broker tips: Vodafone, Barclays, Kesa Electricals

Tue, 05th Apr 2011 12:31

Nomura slightly reduces its target price for telecoms titan Vodafone as consensus aligns to a more cautious margin outlook.The group sold its 44% holding in French mobile phone group SRF to media firm Vivendi on Monday for €7.75bn (£6.8bn) in cash, which the broker believes was a good price.With the disposal now removed as positive catalyst, Nomura thinks that Vodafone faces more difficult newsflow, such as a new telecom policy draft in India and a tough outlook in Spain. "There is scope for the stock to fall back towards 170p in the near-term," warns the broker.Even though the group expects the rate of margin decline to reduce over the coming years, the Japanese broker notes that it will not stabilise and forecasts a margin decline of 40 basis points (bp) for 2012 (previously a 10bp decrease).Nevertheless, Nomura stays with a 'buy', but cuts its target price by 2% to 215p, from 220p previously.Seymour Pierce keeps a 'hold' on banking giant Barclays, saying that it is uncertain about future growth in revenues.The broker highlighted the Financial Times article that said that Barclays is to increase risk appetite amid internal expectations that a return on equity of 7.2% (versus an end of cycle target of 13%) is likely to stay flat or even fall. "However, as no universal bank has been allowed to fail, no capacity has been taken out of the system, and the bank is facing an uncertain revenue outlook and strong competitive head winds from the likes of Citi, RBS, BoA ML and UBS - which all would have failed without government support, in our view. Instead these banks are competing for the same business as Barclays," said analyst Bruce Packard.Seymour Pierce remains sceptical over revenues and stays with its cautious recommendation and target price of 310p.UBS cuts its forecasts for consumer electronics retailer Kesa Electricals, the owner of the Comet chain, to reflect weaker trading in the UK after the surprise profit warning from peer Dixons.The broker lowers its 2011 pre-tax profit estimate by 8% to €92m, from €100m previously. €6m of the downgrade accounts for a tough environment in UK electricals since January, and a further €2m is attributed to Spanish trading.A 'hold' is kept, but the target price is lowered to 125p, from 140p.---bc
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18 Dec 2023 10:43

UPDATE: Vodafone confirms eyeing merger or disposal of Italy business

(Alliance News) - Vodafone Group PLC on Monday confirmed it is "exploring options with several parties" to combine or sell its telecommunications operations in Italy.

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18 Dec 2023 09:17

PRESS: France's Iliad prepares offer to combine with Vodafone in Italy

(Alliance News) - France's Iliad SA wants to finalise by the end of January a proposal to Vodafone Group PLC to combine their telecommunications operations in Italy, Reuters reported late Friday.

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18 Dec 2023 09:07

LONDON MARKET OPEN: FTSE 100 edges higher as Fed rally fades elsewhere

(Alliance News) - The FTSE 100 managed to eke out some minor gains at Monday's market open, while stocks elsewhere pulled back after last week's advance.

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18 Dec 2023 08:52

Vodafone surges as Iliad proposes merging Italian businesses

(Sharecast News) - Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France's Iliad said it had submitted a proposal to merge their two Italian businesses.

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18 Dec 2023 08:05

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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18 Dec 2023 07:59

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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15 Dec 2023 18:59

Iliad wants to finalise JV proposal for Vodafone Italy by end-January -sources

LONDON/MILAN, Dec 15 (Reuters) - French telecoms group Iliad wants to finalise a proposal to Vodafone Italy to combine their Italian operations in a joint venture by the end of January, two sources briefed on the matter said.

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14 Dec 2023 10:44

Sumitomo partners with Vodafone and Deloitte to speed up global trade

(Alliance News) - Sumitomo Mitsui Financial Group Inc and Vodafone Group PLC will team up with Deloitte and Nexxiot to support global autonomous freight handling, the firms announced on Thursday.

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13 Dec 2023 17:07

European shares subdued as markets look to Fed decision for cues

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12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

LONDON, Dec 12 (Reuters) - Britain's telecoms regulator proposed banning inflation-linked price rises in the middle of customers' broadband and mobile contracts, saying the practice was unfair on consumers and hampering competition.

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12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

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12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

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12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

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