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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: 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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London close: Stocks slip as central banks stand pat

Thu, 07th Feb 2013 17:19

Markets across Europe suffered steep losses on Thursday as traders reacted to comments from central bankers from the UK and Europe."Early gains in equity markets proved unsustainable in the face of rising European yields and the unconvincing political backdrop," said senior sales trader Matt Basi from CMC Markets."Indices are now trading at their lows of the session with investors taking some risk off the table as markets lack the impetus to make force through the recent highs."All eyes on the central banksStocks dropped into negative territory mid-morning as investors turned their focus to a Treasury Select Committee grilling of incoming Bank of England (BoE) Governor Mark Carney, who answered questions over his pay package, policies and nominal GDP targeting. All in all, Carney showed that he was willing to consider new approaches to policy, but said he was not keen to replace the inflation-targeting framework.At midday, the BoE kept its Bank Rate at 0.5% and the asset purchase programme at £375bn, as expected. In the accompanying statement the Monetary Policy Committee (MPC) said it continues to see a "slow but sustained recovery" but said that risks are "weighted to the downside, not least because of the challenges facing the euro area". The MPC also announced that it would re-invest the cash flows of £6.6bn associated with the gilt redemption due in March.Analyst Simon Hayes from Barclays Research said: "This statement highlights the acute dilemma faced by the MPC. The weak activity outlook begs for more stimulus, but the inflation outlook is not sufficiently benign to make the committee comfortable expanding policy further. Assuming the recovery does take hold - and the early indications for Q1 are promising on this front - we would not expect the MPC to sanction more stimulus, but the debate remains live."The European Central Bank (EBC), meanwhile, also kept hold of rates at its policy meeting today, as expected, but the focus was on bank President Mario Draghi at the subsequent press conference this afternoon. He addressed the recent rise in the euro and said that the strength of the single currency could post a threat to the inflation outlook. That was unexpected. He said: "The appreciation is a sign of the return of the confidence in the euro. [...] We certainly want to see whether the appreciation, if sustained, will alter our risk assessment as far as price stability is concerned."FTSE 100: Compass rises on strong first quarterContract caterer Compass was a high riser after having a good first quarter with expectations for the full year unchanged as its North America and emerging market business segments performing strongly. Telecoms group Vodafone rose despite posting a 1.8% drop in revenue for the last three months of 2012, blaming difficult market conditions in Europe. However, the company reiterated that it expects adjusted operating profit in the upper range of £11.1bn-to-£11.9bn for the 2013 financial year. Medical technology group Smith & Nephew was higher after beating forecasts in the fourth quarter. Investors managed to shrug off news comments about declining margins in 2013.Travel and leisure firm TUI Travel gained after reporting a narrower operating loss in the first quarter as it outperformed in the UK and Nordic markets. Meanwhile, Burberry sank after a series of boardroom changes. Market chatter also suggested that the stock was being weighed down by China's move earlier this week to ban luxury TV and radio ads for extravagant gifts, saying they promote "incorrect values and create a bad social ethos". FTSE 250: Ophir falls on placing newsShares in Ophir Energy fell after Credit Suisse confirmed that it has sold 36m shares on behalf the investment funds of two stakeholders, Och-Ziff Capital Management and Mittal Investments. The news overshadowed a positive drilling update from the company out this morning about an appraisal well in Tanzania.Online grocer Ocado jumped after reporting a 13% rise in revenue in 2012, helped by rising demand.Trendy fashion brand SuperGroup also surged after unveiling a 12.3% increase in sales for the holiday season as shoppers stocked up on jackets, knitwear and gifting accessories.FTSE 100 - RisersCompass Group (CPG) 779.50p +1.83%Smiths Group (SMIN) 1,225.00p +0.91%TUI Travel (TT.) 306.30p +0.89%Vodafone Group (VOD) 171.85p +0.88%Amec (AMEC) 1,094.00p +0.83%Smith & Nephew (SN.) 710.50p +0.71%Capita (CPI) 798.50p +0.69%Marks & Spencer Group (MKS) 378.00p +0.59%Weir Group (WEIR) 2,078.00p +0.58%Meggitt (MGGT) 436.50p +0.37%FTSE 100 - FallersBurberry Group (BRBY) 1,337.00p -6.50%Royal Bank of Scotland Group (RBS) 332.90p -2.69%International Consolidated Airlines Group SA (CDI) (IAG) 211.20p -2.49%Royal Dutch Shell 'A' (RDSA) 2,144.00p -2.43%Tullow Oil (TLW) 1,178.00p -2.40%Aberdeen Asset Management (ADN) 402.60p -2.31%Polymetal International (POLY) 1,054.00p -2.23%Standard Chartered (STAN) 1,650.00p -2.19%BG Group (BG.) 1,111.00p -2.11%BT Group (BT.A) 267.00p -2.09%FTSE 250 - RisersSupergroup (SGP) 730.00p +15.23%Ocado Group (OCDO) 115.00p +10.68%Beazley (BEZ) 199.00p +4.52%Bellway (BWY) 1,161.00p +3.48%Anite (AIE) 157.90p +3.07%F&C Asset Management (FCAM) 108.50p +3.04%Daejan Holdings (DJAN) 3,120.00p +2.80%Sports Direct International (SPD) 432.80p +2.75%Amlin (AML) 402.60p +2.70%Ashmore Group (ASHM) 360.40p +2.68%FTSE 250 - FallersOphir Energy (OPHR) 475.00p -8.57%Dairy Crest Group (DCG) 408.00p -3.32%Salamander Energy (SMDR) 200.30p -3.19%PZ Cussons (PZC) 403.00p -3.03%International Personal Finance (IPF) 400.10p -3.03%BTG (BTG) 330.20p -2.77%RPS Group (RPS) 229.50p -2.75%Drax Group (DRX) 606.00p -2.73%SIG (SHI) 130.50p -2.47%Jardine Lloyd Thompson Group (JLT) 796.00p -2.45%BC
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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