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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.62 (0.91%)
Spread: 0.04 (0.058%)
Open: 67.96
High: 68.74
Low: 67.82
Prev. Close: 67.82
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Former ECB head Draghi consults business chiefs on EU competitiveness

Thu, 11th Jan 2024 08:13

Former ECB chief preparing report on EU competitiveness

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Draghi's name surfaces as potential candidate for EU role

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Meets business chiefs in Milan as part of work on report

By Elvira Pollina and Giselda Vagnoni

MILAN, Jan 10 (Reuters) - Mario Draghi met business leaders in Milan on Wednesday as the former Italian prime minister and European Central Bank chief prepares a report on how to boost the EU's competitiveness.

Draghi has been mandated by European Commission President Ursula von der Leyen to come up with proposals to revitalise the European Union's economy in the face of competition from China and the United States.

He will have talks with Von der Leyen and other EU commissioners in Brussels on Friday about progress on the report, which is expected to be delivered in June or July.

"This is one of the many meetings we are having in the course of this report. Today is with industry and I will listen," Draghi told reporters as he entered the Bank of Italy's building in Milan.

The meetings come as Draghi, 76, has been floated as a potential option for a top EU job after European parliamentary elections in June.

A source close to Draghi has denied he is interested in a role in European institutions, but Italian political sources said he would not withdraw if there was a consensus on his candidacy.

"Draghi has given and will continue to give his contribution to the European Union project. The competitiveness report will be an important one, but it is too early to talk about appointments," the source close to Draghi said.

'POLITICAL QUESTION'

Vodafone chair Jean-François van Boxmeer and his Siemens counterpart Jim Hagemann Snabe were among the participants at the closed-door meeting with a delegation of the business lobby European Round Table for Industry (ERT), according to a statement.

Asked after the meeting if Draghi had hinted at a future political role in Brussels, Boxmeer told reporters: "This is a very political question. You don't have to ask me."

ERT members, which boast combined revenues exceeding 2.0 trillion euros ($2.2 trillion), have called for improving the coherence of the European regulatory environment and putting innovation at the centre of policymaking.

"The biggest challenge that we face is being successful in the energy transition that we need to do for stabilizing the climate," Boxmeer said, speaking in English.

"At the same time keeping our industry alive and competing with the rest of the world, America but also China, and keeping our innovation level at pace".

Italian daily La Repubblica said last year French President Emmanuel Macron wanted Draghi as the new European Commission president.

On Tuesday the Financial Times reported that Draghi was tipped as a potential head of the EU council by EU officials and diplomats after current head Charles Michel decided to run for the European Parliament.

The former Bank of Italy governor headed a unity government in 2021-2022. His lack of political affiliation is seen as a hurdle as the bloc's top posts tended to be distributed along political lines.

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2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business in its core Swiss and Italian markets continued to develop positively.

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2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the first quarter of 2025.

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16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

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16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

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4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

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LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

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4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

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4 Apr 2024 07:37

CMA to launch in-depth probe into Vodafone's merger with Three

(Sharecast News) - The Competition and Markets Authority said on Thursday that it will launch an in-depth investigation into the planned £15bn merger between Vodafone and CK Hutchison's Three that was announced last year.

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28 Mar 2024 15:05

Directors dealings: Vodafone chairman follows in CFO's steps, buys shares

(Sharecast News) - Vodafone's chairman bought a big batch of shares in the telecommunications outfit just ahead of the Easter break.

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28 Mar 2024 13:54

IN BRIEF: Vodafone Chair Boxmeer buys GBP570,000 in shares

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Chair Jean-Francois van Boxmeer buys 823,500 shares at GBP0.69 each, worth GBP568,215, in London on Wednesday.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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26 Mar 2024 11:21

Vodafone Germany to cut 2,000 jobs in revamp

FRANKFURT, March 26 (Reuters) - Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.

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26 Mar 2024 11:15

UPDATE: Vodafone Germany cuts 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday.

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26 Mar 2024 10:43

Vodafone Germany: 400-mln-eur restructuring to affect 2,000 jobs

BERLIN, March 26 (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some 2,000 jobs.

Read more
26 Mar 2024 10:42

Vodafone Germany cutting 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Germany, Dusseldorf-based subsidiary of Vodafone Group PLC announced Tuesday.

Read more

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