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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 73.50
Bid: 73.58
Ask: 73.62
Change: -0.68 (-0.92%)
Spread: 0.04 (0.054%)
Open: 73.88
High: 74.42
Low: 73.50
Prev. Close: 74.18
VOD Live PriceLast checked at -

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London close: Stocks creep higher but risk appetite limited ahead of elections

Wed, 06th May 2015 16:32

UK stocks finished a choppy session marginally in positive territory on Wednesday as investor risk appetite was curbed by pre-election uncertainty and cautious comments from Federal Reserve chair Janet Yellen.The FTSE 100 closed up 6.16 points (+0.09%) at 6,933.74, rebounding slightly after settling at a one-month low the previous session.However, the index ended well below the intraday high of 6,974.82 reached early on. Not even a forecast-beating survey on the UK services sector could lift the mood as City traders attempted to predict the outcome of Thursday's electoral vote."With fewer than 24 hours before the UK goes to the polls, the picture is still unclear as to who will be running the country in the coming days," said analyst Alastair McCaig from IG. McCaig said the latest IG general election binary is currently showing a 94% chance there will be no majority government.Corporate earnings were mostly well-received by investors on Wednesday, with blue chips Sage Group, Imperial Tobacco, Legal & General and GKN all impressing, though Sainsbury's disappointed with its first annual loss in a decade.Stocks had temporarily dropped into the red before the close following a weak start on Wall Street after Yellen warned of the "dangers" in an environment of elevated stock markets and low interest rates. Equity valuations are "generally quite high", the Fed chair said, and there could be a large increase in long-term rates when the Fed eventually tightens policy.Economic data in focusService-sector from across the globe was also on investors' minds on Thursday, along with labour-market figures in the States.The Markit/CIPS UK services purchasing managers' index (PMI) rose to 59.5 in April from 58.9 a month earlier, more than the 58.5 predicted by analysts. The final reading of the Markit Eurozone services PMI was unexpectedly revised up to 54.1 from the 'flash' estimate of 53.7, more or less in line with the 54.2 level in March. Meanwhile, the HSBC Chinese services PMI rose to a four-month high of 52.9, up from 52.3 in March but slightly below expectations.The closely-watched ADP employment report showed just a 169,000 increase in US private payrolls in April, compared with a revised 175,000 reading in March and well below the 200,000 consensus forecast.While it is only seen as a very rough guide to official US non-farm payrolls data, the weak figure may temper some optimism surrounding the government data due on Friday. Analysts currently predict the non-farm payrolls to jump 230,000 in April, from 126,000 the month before.Earnings impress but Sainsbury's bucks the trendSainsbury's fell sharply after reporting a loss for the full year, though results still came in ahead of analysts' expectations. The grocer reported a loss before tax of £72m for the year ended March, compared with a £898m profit previously, prompting it to slash it full-year dividend by 23.7%.After an early fall, software company Sage surged after saying it's on track to meet 2015 targets, as it reported a 6.2% rise in organic revenue for the first half of this year.Imperial Tobacco gained after lifting its dividend 10% as its growth brands delivered strong growth and earnings beat expectations in the first half. Adjusted earnings per share were up 4% to 93.3p.Legal & General also impressed with an 8% increase in first-quarter net cash generation to £326m, while annuity sales jumped 19%.Engineering giant GKN was in demand after saying it still expects growth in 2015 as a strong automotive performance drove a 1% increase in organic sales in the first quarter.Vodafone was also making decent gains after Exane BNP Paribas raised its rating on the stock to 'outperform' and lifted its target price from 220p to 270p. The broker said: "There are much better times ahead in our view." Market MoverstechMARK 3,193.99 +0.64%FTSE 100 6,933.74 +0.09%FTSE 250 17,412.08 -0.23%FTSE 100 - RisersSage Group (SGE) 536.00p +7.96%St James's Place (STJ) 886.50p +1.84%Imperial Tobacco Group (IMT) 3,175.00p +1.76%Vodafone Group (VOD) 232.20p +1.60%Mondi (MNDI) 1,311.00p +1.55%International Consolidated Airlines Group SA (CDI) (IAG) 545.00p +1.49%Centrica (CNA) 260.20p +1.40%Dixons Carphone (DC.) 431.10p +1.22%BT Group (BT.A) 454.30p +1.14%Capita (CPI) 1,173.00p +1.12%FTSE 100 - FallersAberdeen Asset Management (ADN) 431.10p -4.33%Sainsbury (J) (SBRY) 266.30p -3.16%Hikma Pharmaceuticals (HIK) 1,980.00p -2.17%Antofagasta (ANTO) 782.50p -2.00%London Stock Exchange Group (LSE) 2,436.00p -1.66%3i Group (III) 485.30p -1.54%Randgold Resources Ltd. (RRS) 4,914.00p -1.54%British Land Company (BLND) 805.50p -1.35%Carnival (CCL) 2,903.00p -1.29%Glencore (GLEN) 310.45p -1.24%FTSE 250 - RisersSupergroup (SGP) 1,071.00p +7.42%Aveva Group (AVV) 1,875.00p +7.14%Evraz (EVR) 205.70p +5.81%Ocado Group (OCDO) 375.10p +5.45%Soco International (SIA) 197.70p +4.00%Wetherspoon (J.D.) (JDW) 764.50p +3.87%Ted Baker (TED) 2,962.00p +3.57%Marston's (MARS) 169.20p +3.55%Millennium & Copthorne Hotels (MLC) 600.50p +3.27%Premier Oil (PMO) 184.90p +3.07%FTSE 250 - FallersGenus (GNS) 1,274.00p -7.95%Diploma (DPLM) 758.50p -7.05%Man Group (EMG) 172.90p -5.78%PayPoint (PAY) 799.50p -5.27%AL Noor Hospitals Group (ANH) 855.50p -5.16%AO World (AO.) 172.50p -4.17%Brown (N.) Group (BWNG) 322.10p -3.85%Kaz Minerals (KAZ) 259.30p -3.82%Centamin (DI) (CEY) 61.90p -3.81%Allied Minds (ALM) 620.00p -3.50%
More News
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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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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15 Mar 2024 09:25

Vodafone Germany makes surprise chief executive change

(Alliance News) - The head of telecommunications provider Vodafone Germany, Philipp Rogge, has announced plans to leave the company at the end of the month in a surprise move after less than two years at the helm.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

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15 Mar 2024 06:58

TOP NEWS: Vodafone plans share buyback after Italy sale to Swisscom

(Alliance News) - Vodafone Group PLC on Friday said it has agreed to sell its Italian business to Swisscom AG for EUR8 billion and will return half of the proceeds to shareholders.

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15 Mar 2024 06:45

Vodafone unveils €4bn capital return after selling Italian unit

(Sharecast News) - Vodafone and Swisscom have confirmed that the Swiss telecom group will take over Vodafone Italy for €8bn, enabling the UK company to return €4bn to shareholders.

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

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29 Feb 2024 13:11

Vodafone rallies on 'RARE' Betaville report

(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.

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28 Feb 2024 15:01

London close: Stocks slip as US GDP growth decelerates

(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.

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28 Feb 2024 08:59

TOP NEWS: Vodafone in talks to sell Italian arm in EUR8 billion deal

(Alliance News) - Vodafone Group PLC on Wednesday confirmed that it is in exclusive discussions with Swisscom AG regarding a potential sale of Vodafone Italy to Swisscom for cash.

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28 Feb 2024 07:10

Vodafone to sell Italian operations to Swisscom for €8bn

(Sharecast News) - Vodafone has confirmed media speculation that it intends to sell its Italian operations to Swiss telecoms group Swisscom for an enterprise value of €8bn.

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16 Feb 2024 08:52

Vodafone inks deal with RWE for offshore wind energy in Germany

(Alliance News) - Offshore wind turbines in the North Sea will power around 12,000 Vodafone Group PLC cellular network towers across Germany under a new deal that the mobile provider struck with German energy firm RWE AG.

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15 Feb 2024 10:47

Swisscom sole bidder for Vodafone's Italian assets - report

(Sharecast News) - Swisscom has become the sole party still in discussions with Vodafone Group about its Italian assets, it was reported on Thursday.

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