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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 77.18
Bid: 77.30
Ask: 77.34
Change: -0.34 (-0.44%)
Spread: 0.04 (0.052%)
Open: 77.76
High: 78.74
Low: 77.02
Prev. Close: 77.52
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Former ECB head Draghi sounds out businesses to boost EU competitiveness

Wed, 10th Jan 2024 14:18

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 continent's competitiveness.

Draghi has been mandated by EU Commission President Ursula von der Leyen to come up with proposals to revitalise the bloc'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 on the 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 the European parliamentary vote 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.

He recently called for an EU fiscal union and warned that without a change in the bloc's decision-making mechanism, the entire EU project was doomed to failure.

"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.

BUSINESS CHIEFS

Vodafone Chairman 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 European business lobby Economic Round Table (ERT), according to a statement.

ERT members, which claim 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.

Italian daily La Repubblica said last year French President Emmanuel Macron wanted Draghi as the new EU 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. ($1 = 0.9135 euros) (Reporting by Giselda Vagnoni in Rome and Elvira Pollina in Milan Editing by Keith Weir and Sharon Singleton)

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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.

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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.

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22 Mar 2024 16:09

London close: Stocks mixed as Bailey hints at rate cuts

(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Bank of England Governor Andrew Bailey.

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22 Mar 2024 11:46

LONDON MARKET MIDDAY: FTSE 100 boosted after week of rate decisions

(Alliance News) - The FTSE 100 in London were higher at midday on Friday, as investor sentiment remained high, after there were no surprises from UK and US central banks this week.

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22 Mar 2024 09:19

TOP NEWS: UK CMA says Vodafone/Three merger raises competition worries

(Alliance News) - The UK Competition & Markets authority on Friday said a planned merger between Vodafone UK and Three UK could raise consumer prices and harm investment into UK mobile networks.

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22 Mar 2024 07:32

CMA warns Vodafone, Three deal will face full probe if solutions not given

(Sharecast News) - Vodafone and Three UK have been told to find ways to assuage Britain's competition regulator that their planned $19bn merger would not leave consumers worse off or face a full investigation.

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18 Mar 2024 16:23

Director dealings: Vodafone CFO makes share purchase

(Sharecast News) - Vodafone Group revealed on Monday that chief financial officer Luka Mucic had acquired 2.46m ordinary shares in the FTSE 100-listed telecommunications giant.

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18 Mar 2024 09:39

IN BRIEF: Vodafone CFO buys 2.5 million shares for GBP1.7 million

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Group Chief Financial Officer Luka Mucic purchased 2.5 million shares on Friday in London at 69.64 pence each for GBP1.7 million in total. Vodafone also on Friday announced the sale of its Italian business to Swisscom AG for EUR8 billion, with EUR4 billion to be returned to shareholders through a buyback. It said, however, that annual dividends from financial 2025 onwards will be rebased to 4.5 euro cents, down from 9.00 cents for financial 2024.

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