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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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Merrill Lynch downgrades Vodafone as headwinds 'unlikely to abate'

Wed, 25th Jan 2017 10:33

(ShareCast News) - Bank of America Merrill Lynch downgraded Vodafone to a 'neutral' rating from 'buy' as the telecoms giant's multiple headwinds in recent months are "unlikely to abate in the near-term", with the 2 February trading update predicted to be cautious.Merrill felt a recovery in revenues, for so long the bull case at Vodafone, "may fade away" as soon as the year end and "looks unlikely to recover" until late in the March 2018 fiscal year."Our view is structural change is needed, based on analysis of VOD's return on asset profile that looks unsustainably low, Merrill said, re-examining the media speculation of a possible asset swap with Liberty Global and M&A in India as potential solutions that could offer "some respite" but remain difficult to execute.Analysts, while cutting the price target to 236p from a prior 280p, said structural change looked "increasingly necessary".A hypothetical asset swap with Liberty, whereby Vodafone divests the UK and boosts Germany, suggested potential synergies of 20p per share and low cost of debt, allowing the FTSE 100 group to accept a discounted mobile valuation and still achieve double digit cash flow accretion.A mooted Indian merger with Idea "could provide scale" to offset price pressure from Jio, but no moves are envisage in the short term.Growth is seen as "in decline", with third-quarter guidance for lower Indian price disruption alongside currency devaluation in Turkey and Egypt, so Merrill has reduced its forecasts for like-for-like EBITDA by 3.9% and reported EBITDA by 7.7%, EPS by 34%, and free cash flow 14%, which puts it at the very low end of company guidance.
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18 Dec 2023 10:43

UPDATE: Vodafone confirms eyeing merger or disposal of Italy business

(Alliance News) - Vodafone Group PLC on Monday confirmed it is "exploring options with several parties" to combine or sell its telecommunications operations in Italy.

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18 Dec 2023 09:17

PRESS: France's Iliad prepares offer to combine with Vodafone in Italy

(Alliance News) - France's Iliad SA wants to finalise by the end of January a proposal to Vodafone Group PLC to combine their telecommunications operations in Italy, Reuters reported late Friday.

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18 Dec 2023 09:07

LONDON MARKET OPEN: FTSE 100 edges higher as Fed rally fades elsewhere

(Alliance News) - The FTSE 100 managed to eke out some minor gains at Monday's market open, while stocks elsewhere pulled back after last week's advance.

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18 Dec 2023 08:52

Vodafone surges as Iliad proposes merging Italian businesses

(Sharecast News) - Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France's Iliad said it had submitted a proposal to merge their two Italian businesses.

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18 Dec 2023 08:05

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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18 Dec 2023 07:59

Iliad invites Vodafone to merge their Italian operations

PARIS, Dec 18 (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding this project had the unanimous support of its board of directors.

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15 Dec 2023 18:59

Iliad wants to finalise JV proposal for Vodafone Italy by end-January -sources

LONDON/MILAN, Dec 15 (Reuters) - French telecoms group Iliad wants to finalise a proposal to Vodafone Italy to combine their Italian operations in a joint venture by the end of January, two sources briefed on the matter said.

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14 Dec 2023 10:44

Sumitomo partners with Vodafone and Deloitte to speed up global trade

(Alliance News) - Sumitomo Mitsui Financial Group Inc and Vodafone Group PLC will team up with Deloitte and Nexxiot to support global autonomous freight handling, the firms announced on Thursday.

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13 Dec 2023 17:07

European shares subdued as markets look to Fed decision for cues

BASF rises on UBS rating upgrade

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12 Dec 2023 18:34

Ukraine's top mobile operator hit by biggest cyberattack of war so far

Kyivstar's IT systems 'partially destroyed'

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12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

LONDON, Dec 12 (Reuters) - Britain's telecoms regulator proposed banning inflation-linked price rises in the middle of customers' broadband and mobile contracts, saying the practice was unfair on consumers and hampering competition.

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12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

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12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

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12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

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