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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 70.46
Bid: 70.63
Ask: 70.66
Change: 0.00 (0.00%)
Spread: 0.03 (0.042%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 70.46
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LONDON MARKET OPEN: Subdued Start To Week With IAG, Lancashire Falling

Mon, 08th Oct 2018 08:39

LONDON (Alliance News) - It was a soft start to the week for stocks in London, with International Consolidated Airlines weighing on the FTSE 100 and Lancashire Holdings tumbling in the FTSE 250.However, clothing retailer French Connection saw a much stronger start as it confirmed it is considering selling the business.The FTSE 100 was down 0.2%, or 12.80 points, at 7,305.74. The FTSE 250 was 0.1% lower, or 19.91 points, at 19,898.12. The AIM All-Share was down 0.1% at 1,067.61.The Cboe UK 100 was 0.2% lower at 12,400.17 and the Cboe UK 250 declined 0.2% to 18,048.99, while the Cboe UK Small Companies was flat at 12,014.61.The downcast open comes after a "downbeat start to the week in Asia", said Michael van Dulken, head of research at Accendo Markets."Most markets are lower but China is suffering most (steepest one-day losses of 2018) as it returns from the Golden week holiday, reacting to trade concerns (US not allowing Mexico or Canada strike trade deals with China), higher bond yields, and allegations of spy chips implanted by semiconductor manufacturers," he said.In Asia on Monday, the Tokyo market is closed for the Health & Sports Day holiday. In China, the Shanghai Composite closed down 3.7% as the Shanghai market re-opens from a week-long holiday, while the Hang Seng index in Hong Kong is down 1.3%.Over in mainland Europe on Monday, the CAC 40 in Paris and DAX 30 in Frankfurt were down 0.4% and 0.6%, respectively.In early trade in London, Schroders advanced 0.8% after confirming it is in discussions with Lloyds Banking Group "with a view to working closely together in parts of the wealth sector".Sky News earlier had reported that Lloyds Banking is to inject its GBP13 billion wealth management arm into a new joint venture with Schroders. The deal will see Lloyds owning 50.1% of the new JV, with Schroders owning the rest, Sky said.It will be part of a three-pronged tie-up between the companies, with Schroders taking on a GBP109 billion investment management contract from Lloyds-owned Scottish Widows, according to Sky. The contract is currently held by Standard Life Aberdeen but has been terminated by Lloyds over competition worries.Schroders on Monday said: "Discussions are ongoing and there can be no certainty that these discussions will lead to any formal arrangement being entered into. A further announcement will be made when appropriate."Lloyds Banking was down 0.3%, while Standard Life was down 0.8%.British Airways parent IAG was down 1.9%, its wings clipped after Citigroup downgraded the stock to Neutral from Buy.Also lower on broker rating action was Vodafone, down 1.0% after Jefferies cut its rating on the telecommunications firm to Hold from Buy.At the bottom of the FTSE 250 was insurer Lancashire Holdings, down 3.4% - though having traded as much as 10% lower just after the open - after warning of a negative third-quarter outturn.The company said that it expects a significant hit due to its exposure to loss events in its marine portfolio as well as natural disasters such as hurricane Florence and typhoons Jebi, Mangkhut and Trami.A USD30 million net loss is expected from the loss events in the marine portfolio, while the net loss elsewhere from natural catastrophes is expected to be in the range of USD25 million to USD45 million.These estimates are after anticipated recoveries from the outwards reinsurance programme, Lancashire said."Given these loss estimates, the company expects that it will produce a negative return on equity for the third quarter of 2018. Absent these events, the company would have been profitable for the third quarter. The company also expects to remain profitable for the first 9 months of 2018," said Lancashire.The update knocked other general insurers as well, with Hiscox down 1.1% and Beazley off 1.9%.Rising in the mid-cap index was Mediclinic International, gaining 1.8% after Investec raised the private hospital operator to Buy from Hold.Elsewhere in London, fashion retailer French Connection jumped 31% after confirming it is mulling a sale of the business.The firm said it is considering "all strategic options" to deliver maximum value for shareholders, though emphasised there can be no certainty that an offer will be made for the company.To come in a quiet economic calendar on Monday is eurozone investor confidence at 0930 BST.Overnight, in Chinese data, the private sector logged moderate growth in September as stronger-than-expected services activity was offset by softer manufacturing growth.The Caixin composite output index rose marginally to 52.1 in September from 52.0 in August, with a score above 50 indicating expansion. At the same time, the services Purchasing Managers' Index picked up to 53.1 from 51.5 a month ago, to signal the strongest increase in activity for three months.In the UK this week, Brexit will remain in focus as the make-or-break October EU summit draws near.Despite key EU leaders sounding more upbeat at the prospects of a deal in recent days, Brussels appears set to reject key aspects of UK Prime Minister Theresa May's Chequers proposals on Wednesday. However, it was reported that the prime minister hopes to break the deadlock over the Irish border issue by keeping the EU's present customs arrangements beyond when the transition period is due to end in December 2020.Time is running out for London and Brussels to strike a deal as EU leaders insist substantive progress must have been made by a leaders' summit on October 17 for the bloc to agree a further Brexit gathering in November.Progress on a deal with Brussels comes as Japanese Prime Minister Shinzo Abe said the UK would be welcomed into the Trans-Pacific Partnership trade pact "with open arms" by Japan. The TPP is an 11-nation trade agreement which includes Japan, Canada, Australia and Mexico.Sterling was quoted at USD1.3072 early Monday, marginally down from USD1.3096 at the London equities close on Friday.
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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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15 Mar 2024 16:55

LONDON MARKET CLOSE: FTSE closes in red; Reckitt plunges on lawsuit

(Alliance News) - The FTSE 100 in London closed lower on Friday, ahead of a busy week for interest rate decisions.

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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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