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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: 69.38
Bid: 69.36
Ask: 69.40
Change: -0.62 (-0.89%)
Spread: 0.04 (0.058%)
Open: 69.84
High: 69.84
Low: 69.30
Prev. Close: 70.00
VOD Live PriceLast checked at -

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London midday: Financials, miners drag markets lower

Tue, 12th Nov 2013 11:42

- UK CPI falls to 13-month low- Dovish comments from ECB members- RBS taken off 'buy' list at GoldmantechMARK 2,643.61 +0.11%FTSE 100 6,714.21 -0.21%FTSE 250 15,378.49 -0.27%Investors on Tuesday gave little reaction to a sharp fall in UK inflation as heavy falls in the banking and financial sectors continued to weigh on markets.British consumer price inflation fell from 2.7% in September to a 13-month low of 2.2% in October, according to the Office for National Statistics. The data came in well below the consensus forecast of a dip to 2.5% and was far lower than the Bank of England's (BoE) estimate for inflation to be at least 2.8% for the rest of 2013. Eyes are now turning to the BoE's Inflation Report due out tomorrow morning with price rises now running closer to the Bank's 2% medium-term target."It's clear that the bond-buying scheme by the BoE is burning the candle at both ends: output and growth are increasing while inflation is declining, leaving the door open for a longer-than-expected quantitative easing programme," said David Madden, Market Analyst at IG. "The major risk when operating a stimulus package is that an accelerated inflation rate will outstrip the level of growth, but as this is not an issue for the BoE its £375bn scheme is unlikely to be reduced anytime soon."Markets were also focusing on dovish comments from two European Central Bank (ECB) officials this morning, who both left the door open to further action following last week's rate cut.ECB Governing Council member Ewald Nowotny indicated that while many central banks have reached the lower bound in interest rates, that's not the case of the ECB, according to a report by FXStreet. He also warned that stagnation and not inflation was the danger for the Eurozone, noting that while deflation is not imminent, it must be on the minds of central bankers. Meanwhile, in an interview with German newspaper Neue Osnabruecker Zeitung, ECB member Joerg Asmussen refused to rule out the possibility of negative deposit rates.Financials and miners fall; corporate earnings come in mixedA decline in risk appetite hit stocks in the financial and mining sectors on Tuesday with Fresnillo, Anglo American and Vedanta in the red, along with Aberdeen Asset Management, Standard Chartered and RBS.RBS was also being pressured lower by a downgrade by Goldman Sachs from 'buy' to 'neutral' following the conclusion of the 'good bank-bad bank' review. Analysts said that the stock now offers just 9% potential upside to its target price of 370p, similar to others in the sector.Heading the other way was building materials giant CRH after reporting a 2% increase in like-for-like sales in the third quarter, a strong turnaround after a 6% decline in the first half owing to difficult weather conditions. Vodafone gained after the £22bn in revenues reported for the first half came in 1.1% ahead of consensus estimates. Underlying earnings of £6.61bn also beat forecasts by 3.4%.Life insurance investment vehicle Resolution was lower after a mixed third quarter, as significant growth in UK new business was outweighed by a more subdued performance overseas.Babcock, the engineering support services company, fell after a broadly in-line first-half report in which it lifted its dividend by 10% following a 32% jump in pre-tax profits.Oxford Instruments surged after "significant strengthening" in its second-quarter results and revealed it was in talks to acquire AIM-listed Andor Technology.FTSE 100 - RisersCRH (CRH) 1,608.00p +3.14%British Sky Broadcasting Group (BSY) 845.00p +1.93%Vodafone Group (VOD) 230.95p +1.58%InterContinental Hotels Group (IHG) 1,847.00p +1.48%Croda International (CRDA) 2,331.00p +1.13%Kingfisher (KGF) 390.20p +1.06%Severn Trent (SVT) 1,816.00p +1.00%ITV (ITV) 188.90p +0.80%Unilever (ULVR) 2,497.00p +0.77%Sainsbury (J) (SBRY) 396.80p +0.71%FTSE 100 - FallersFresnillo (FRES) 911.00p -4.36%Aberdeen Asset Management (ADN) 418.50p -4.15%Royal Bank of Scotland Group (RBS) 331.00p -2.59%Tullow Oil (TLW) 895.00p -2.24%Petrofac Ltd. (PFC) 1,413.00p -2.15%Anglo American (AAL) 1,447.50p -1.80%Standard Chartered (STAN) 1,482.00p -1.76%Coca-Cola HBC AG (CDI) (CCH) 1,741.00p -1.47%Schroders (SDR) 2,506.00p -1.42%Randgold Resources Ltd. (RRS) 4,625.00p -1.34%FTSE 250 - RisersOxford Instruments (OXIG) 1,391.00p +13.37%TalkTalk Telecom Group (TALK) 272.60p +9.08%Premier Farnell (PFL) 241.00p +5.93%BTG (BTG) 444.40p +4.74%Bank of Georgia Holdings (BGEO) 2,095.00p +3.35%Computacenter (CCC) 587.00p +2.09%Dialight (DIA) 915.00p +2.01%Renishaw (RSW) 1,732.00p +1.94%Workspace Group (WKP) 509.00p +1.80%PZ Cussons (PZC) 380.90p +1.79%FTSE 250 - FallersMenzies(John) (MNZS) 761.50p -7.08%Polymetal International (POLY) 530.50p -6.52%African Barrick Gold (ABG) 189.00p -4.35%Evraz (EVR) 119.50p -3.86%Hochschild Mining (HOC) 152.00p -3.61%Hunting (HTG) 831.00p -3.60%Lonmin (LMI) 330.30p -3.11%Ferrexpo (FXPO) 186.50p -2.86%Balfour Beatty (BBY) 275.70p -2.75%Xaar (XAR) 900.00p -2.70%BC
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31 Oct 2023 12:28

UPDATE: Vodafone pens EUR5 billion deal to sell Spanish arm to Zegona

(Alliance News) - Vodafone Group PLC and smaller London listing Zegona Communications PLC on Tuesday announced the sale of Vodafone Spain to Zegona.

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31 Oct 2023 09:07

TOP NEWS: Vodafone sells Spanish arm to Zegona for up to EUR5 billion

(Alliance News) - Vodafone Group PLC and smaller London listing Zegona Communications PLC on Tuesday announced the sale of Vodafone Spain to Zegona.

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31 Oct 2023 08:54

LONDON MARKET OPEN: Stocks rise; BP shares fall on profit miss

(Alliance News) - The FTSE 100 opened in the green on Tuesday, despite a share price fall for BP, one of the index's largest constituents, amid more positive trading sentiment in Europe and the US.

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31 Oct 2023 07:46

Vodafone to sell Spanish business to Zegona for up to €5bn

(Sharecast News) - Vodafone said on Tuesday that it has agreed to sell its Spanish business to Zegona Communications for up to €5bn.

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31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

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24 Oct 2023 09:29

LONDON BROKER RATINGS: Barclays ups Rio Tinto; Liberum likes Indivior

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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23 Oct 2023 09:24

LONDON BROKER RATINGS: Jefferies raises Tullow Oil to 'hold'

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

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17 Oct 2023 14:19

IN BRIEF: Vodafone Business division and e& hail customer win

Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Says that Vodafone Business division and e& have signed a memorandum of understanding to jointly market, sell and service businesses and public sector organisations to support their digital transformations. e&, or Emirates Telecommunications Group Company PJSC, is a United Arab Emirates-based technology and investment company.

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11 Oct 2023 12:11

CMA seeks feedback on Vodafone's planned merger with Three UK

(Sharecast News) - Vodafone's planned merger with Three UK came under the Competition and Markets Authority (CMA) spotlight on Wednesday, as the regulator invited feedback from third parties over the impact it could have on the competitive landscape.

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11 Oct 2023 10:30

TOP NEWS: CMA probes UK business merger of Vodafone and Hutchison

(Alliance News) - The Competition & Markets Authority on Wednesday said it is considering whether the planned merger the UK businesses of Vodafone Group PLC and CK Hutchison Group Telecom Holdings Ltd would weaken competition.

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11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

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9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

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5 Oct 2023 09:08

LONDON BROKER RATINGS: Panmure likes abrdn; Kepler cuts Britvic

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

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5 Oct 2023 07:41

LONDON BRIEFING: Unite CEO steps down; Imperial Brands begins buyback

(Alliance News) - The FTSE 100 is expected to open in the green on Thursday, with equity markets feeling more cheerful after softer US jobs data eased fears over interest rates.

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27 Sep 2023 13:10

EARNINGS: Safestyle suffers amid "difficult" trading conditions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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