GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 76.64
Bid: 76.92
Ask: 76.94
Change: -0.20 (-0.26%)
Spread: 0.02 (0.026%)
Open: 77.16
High: 77.88
Low: 76.64
Prev. Close: 76.84
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

HEARD ON THE STREET: Sleepless Nights At Vodafone

Fri, 23rd Jul 2010 16:54

By Hester Plumridge A DOW JONES COLUMN Sir John Bond can sleep a little easier - for now. The Vodafone chairman is under pressure from the Ontario Teachers' Pension Plan which is unhappy with the U.K. mobile telecom group's strategy and says it will vote to oust Mr. Bond and his deputy, John Buchanan, at the annual meeting on 27 July. But a hastily announced strategic review due this autumn, combined with better than expected second quarter services revenues of GBP10.6 billion, buys the pair some time. They should use it to accelerate plans to rationalize Vodafone's disparate businesses and investments - or see shareholder dissatisfaction spread. OTPP's criticism is warranted. Vodafone trades at a 40% discount to a sum of the parts valuation, according to Sanford Bernstein. OTTP blames this on the group's record of poor capital allocation and "disastrous" deal-making. Acquisition write-downs have totaled GBP51 billion since 2001, equal to two-thirds of Vodafone's market capitalization. The group's exposure to the U.S., France and China is through minority investments, which restrict control over investment decisions and visibility on cashflows. Vittorio Colao has slowed the frenetic deal activity since becoming chief executive in 2008. Aside from raising its stake in pan-African group Vodacom, there have been no multi-billion dollar deals since the 2007 purchase of Hutch Essar. But Mr. Colao has been slow to sell assets, despite saying he has no wish to manage minority investments. True, agreeing on price can be tough. The sale of Vodafone's Egyptian business broke down in June over concerns on buyer funding. And Vodafone argues its decision to hang onto its stake in Verizon Wireless has been a good one as the U.S. mobile group's value has grown in recent years. But selling its stake in French group SFR or China Mobile would help convince shareholders Vodafone is actively managing its business. An SFR sale could raise some EUR8 billion, money which could be used to help reduce high debt levels of around 2.3 times Ebitda, or invest more heavily in networks and data services. For now, the pressure on Vodafone's board is limited to just one shareholder with a 0.4% stake. The strategic review will determine if it stays that way. (Hester Plumridge is a writer for Heard on the Street. She can be reached on +44 20 7842 9267 or hester.plumridge@dowjones.com) TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackEurope@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments. (END) Dow Jones Newswires July 23, 2010 11:54 ET (15:54 GMT)
More News
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.

Read more
7 Jun 2023 16:10

PRESS: Vodafone and Hutchison to unveil merger as soon as Friday

(Alliance News) - Reuters on Wednesday said Vodafone Group PLC and CK Hutchison Holdings Ltd are in the final stage of agreeing to merge their British operations.

Read more
7 Jun 2023 09:30

Vodafone, CK Hutchison in final stages of agreeing UK merger - report

(Sharecast News) - Vodafone and CK Hutchison are reportedly in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or early next week.

Read more
6 Jun 2023 17:05

LONDON MARKET CLOSE: Stocks higher as interest rate decisions loom

(Alliance News) - Stocks in London were largely higher at the close on Tuesday, shrugging off a poor performance for oil majors in the FTSE 100 and lacklustre data for the UK's retail sector.

Read more
5 Jun 2023 16:52

LONDON MARKET CLOSE: FTSE 100 down as rally for oil majors loses steam

(Alliance News) - Stocks in London were largely lower at the close on Monday as a rally in oil majors ground to a halt and investors looked to an increasingly "two-speed" economy in the US.

Read more
5 Jun 2023 12:11

LONDON MARKET MIDDAY: Stocks green amid UK service sector strength

(Alliance News) - Stock prices in London were higher at midday on Monday as markets looked to further positive news for the UK's service sector.

Read more
2 Jun 2023 17:20

London stocks rise as US averts default; Dechra surges

Pelatro up on middle-east contract win

*

Read more
2 Jun 2023 10:37

Vodafone faces German probe over suspected obstruction of 1&1

BERLIN, June 2 (Reuters) - Vodafone and its German subsidiary Vantage Towers are facing an antitrust investigation in Germany over concerns that it may have contributed to United Internet subsidiary 1&1's sluggish roll-out of radio masts, the regulator said on Friday.

Read more
2 Jun 2023 10:27

IN BRIEF: Vodafone announces final tender results for hybrid capital

Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Announces results of tender offer to manage hybrid capital, which it had launched last Wednesday. Accepts entire amount of EUR1.56 billion capital securities due 2079. For USD1.05 billion capital securities due 2078, accepts USD324.0 million, which is 31%. The expected settlement date for the offers is next week Tuesday.

Read more
1 Jun 2023 15:52

UK dividends calendar - next 7 days

Friday 2 June 
Admiral Group PLCdividend payment date
Admiral Group PLCspecial dividend payment date
Arbuthnot Banking Group PLCdividend payment date
Bodycote PLCdividend payment date
Henry Boot PLCdividend payment date
Capital & Regional PLCdividend payment date
Derwent London PLCdividend payment date
Fevertree Drinks PLCdividend payment date
Greencoat Renewables PLCdividend payment date
Headlam Group PLCdividend payment date
Highcroft Investments PLCdividend payment date
Lancashire Holdings Ltddividend payment date
LSL Property Services PLCdividend payment date
Majedie Investments PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Reach PLCdividend payment date
TClarke PLCdividend payment date
Zotefoams PLCdividend payment date
Monday 5 June 
Bakkavor Group PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
J Smart & Co (Contractors) PLCdividend payment date
Legal & General Group PLCdividend payment date
Weir Group PLCdividend payment date
Tuesday 6 June 
no events scheduled 
Wednesday 7 June 
AEW UK REIT PLCdividend payment date
Ecora Resources PLCdividend payment date
International Public Partnerships Ltddividend payment date
Porvair PLCdividend payment date
Relx PLCdividend payment date
Wickes Group PLCdividend payment date
Thursday 8 June 
AJ Bell PLCex-dividend payment date
Assura PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
C&C Group PLCex-dividend payment date
Centrica PLCex-dividend payment date
Compass Group PLCex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
Develop North PLCex-dividend payment date
Dr Martens PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
Energean PLCex-dividend payment date
FDM Group Holdings PLCex-dividend payment date
HSS Hire Group PLCex-dividend payment date
IntegraFin Holdings PLCex-dividend payment date
Johnson Matthey PLCex-dividend payment date
M&C Saatchi PLCex-dividend payment date
Momentum Multi-Asset Value Trust PLCex-dividend payment date
Morgan Advanced Materials PLCex-dividend payment date
Pacific Assets Trust PLCex-dividend payment date
Renew Holdings PLCex-dividend payment date
Restore PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
Smiths News PLCex-dividend payment date
Topps Tiles PLCex-dividend payment date
Triple Point Social Housing REIT PLCex-dividend payment date
Victorian Plumbing Group PLCex-dividend payment date
Vodafone Group PLCex-dividend payment date
Watkin Jones PLCex-dividend payment date
Worldwide Healthcare Trust PLCex-dividend payment date
WPP PLCex-dividend payment date
Young & Co.'s Brewery PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 May 2023 16:43

Portugal moves closer to banning Chinese suppliers from 5G

LISBON, May 26 (Reuters) - Portugal's cybersecurity council CSSC has issued a resolution that could formally bar telecom operators from using Chinese equipment in their high-speed 5G mobile networks as well 4G platforms on which the new technology is based.

Read more
24 May 2023 15:25

IN BRIEF: Vodafone launches tender offer to manage hybrid capital

Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Launches tender offer for outstanding EUR2.00 billion in 3.10% capital securities due 2079 and USD1.30 billion in 6.25% capital securities due 2078. Offers 99.75% of principal for euro securities and 100.50% for dollar ones. Vodafone says the tender offer, together with the planned issuance of new debt notes, is intended to proactively manage its portfolio of hybrid capital. Says it will extend a portion of its hybrid capital portfolio and simultaneously reduce the current EUR10 billion portfolio by no more 10%.

Read more
24 May 2023 09:31

LONDON BROKER RATINGS: Morgan Stanley raises Deliveroo to 'overweight'

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

Read more
24 May 2023 09:29

Britain allows BT to discount wholesale fibre broadband

LONDON, May 24 (Reuters) -

Read more
24 May 2023 07:58

LONDON BRIEFING: Stocks called down; UK inflation falls to 8.7%

(Alliance News) - Stock prices in London were called to open lower on Wednesday morning, despite new data showing that UK inflation has eased to 8.7%.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.