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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: 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
VOD Live PriceLast checked at -

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FTSE 100 falls ahead of Fed decision; healthcare shares drag

Wed, 01st Feb 2023 17:30

Fed interest rate decision due 1900 GMT

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ITV jumps on report of interest in studios asset

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Vodafone slips as Q3 results disappoint

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FTSE 100 down 0.1%, FTSE 250 adds 0.2%

Feb 1 (Reuters) - The UK's FTSE 100 fell on Wednesday ahead of an interest rate decision from the U.S. Federal Reserve, while investors also grappled with concerns around a slowing British economy and mixed corporate updates.

The blue-chip FTSE 100 closed the session 0.1% lower.

The healthcare sector was the biggest drag on the internationally-focussed index as shares of drugmaker AstraZeneca Plc fell 2.9%.

Meanwhile the midcap FTSE 250 rose 0.2%, helped by gains in some consumer and financial stocks.

The Fed is expected to deliver a 25 basis point rate hike at 1900 GMT, but investor focus will be on the central bank's commentary for clues on future tightening plans.

"Even if the Fed does halt rate hikes in the near future, the federal funds rate is likely to remain at its terminal position for an extended period until the rate of inflation recedes substantially," said Richard Flynn, UK managing director at Charles Schwab.

Glencore slipped 0.2% after the London-listed miner said its copper production fell 12% in 2022, while Anglo American dropped 2.3% after it reported lower diamond sales.

Metal miners were down 1.1%.

The European Central Bank and the Bank of England are expected to hike rates by 50 bps each on Thursday.

"Markets are reassessing the impact of what the interest rate hikes in 2022 have done to the economy," said Daniela Hathorn, senior market analyst at Capital.com.

"We've seen in recent days the outlook for growth in the UK (was) downgraded as one of the worst economies expected to perform in 2023."

Among single stocks, ITV rose 2.2% after Reuters reported veteran Hollywood producer Peter Chernin and French TV production group Banijay's parent had expressed interest in the British broadcaster's Studios unit.

Vodafone fell 2.1% after the mobile and broadband operator reported a steeper-than expected slowdown in its third quarter.

Darktrace shares added 4.4% after the cybersecurity firm announced share buybacks, a day after a short-seller report knocked its shares by as much as 10%. (Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru; editing by Eileen Soreng, Sriraj Kalluvila and Barbara Lewis)

More News
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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4 Apr 2024 08:47

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.

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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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