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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
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Sunday newspaper round-up: RBS, Scottish independence, Prudential

Sun, 14th Sep 2014 13:04

Royal Bank of Scotland could have a pension funding gap of up to 5.6bn pounds if Scotland votes to leave the UK, the Sunday Times reported.Other companies such as Lloyds Banking Group and BP would also be affected by a hole of about £100bn in UK corporate retirement plans, according to Credit Suisse. Some companies would be forced to break up their pension schemes or raise cash from shareholders. Pension schemes with members in both Scotland and the rest of the UK would be deemed "cross border" after a vote for independence. EU rules say these schemes must be fully funded.Alistair Darling, the leader of the campaign against Scottish independence, has effectively declared victory four days before the referendum on September 18th, the Observer reported. He said his campaign's polling showed beyond doubt that Scotland would stay in the UK. A poll for the paper showed 53% of those certain to vote would do so for staying in the UK against 47% favouring independence. Polls in the previous day ranged from an eight-point lead for independence to an eight-point lead for the union, the Observer said.Most FTSE 100 chairmen believe a vote for Scottish independence would damage the UK economy, a poll for the Sunday Telegraph showed. The poll found 80% thought a yes vote would have a "significant negative effect" on the UK while 67% said independence would harm Britain's top companies. The Centre for Policy Studies predicted independence would wipe £13.8bn off government revenues in Scotland next year. The paper also said Hewlett Packard warned Britain's tax and benefit infrastructure would need a massive overhaul if Scotland votes yes.Prudential is set to cash in on the sale of Associated British Ports (ABP), the Sunday Times said. Prudential's infrastructure arm owns 10% of the ports operator, which is expected to sell for more than £4bn. Goldman Sachs owns 23% of ABP.Diageo faces a shareholder rebellion over pay at the international drinks giant, the Sunday Times reported. Corporate governance groups and shareholders have said bosses' pay is excessive compared with their base salaries. Pirc, the shareholder adviser, has given the pay policy a "red top" rating before Diageo's annual meeting on September 18th. Diageo said its pay levels were "appropriately positioned".The British Bankers' Association has said mortgage borrowers could be frozen out of the market by new rules forcing banks to hold billions of pounds of extra capital against home loans, the Sunday Telegraph said. Lenders could be forced to increase mortgage costs under Bank of England proposals for a leverage ratio to regulate bank capital.The founder of Phones 4U has attacked Vodafone for its decision to cut ties with the retailer in favour of Dixons Carphone, the Sunday Telegraph reported. John Caudwell said Vodafone's move, which threatens 6,000 high street jobs, was "ruthless" and called for a public boycott of the mobile phone operator. "If the public actually felt strongly enough they know what they could do, they could vote with their feet and move their business to other networks," Caudwell said.Farrow & Ball, the upmarket paint company, is considering a flotation after its private equity owners put it on the block, the Sunday Times said. European Capital, which has hired Rothschild to review the business, paid £100m for the company eight years ago and it could now be valued at about £250m.Towerbrook, the US private equity house, is going ahead with a sale of Phase Eight that could value the women's fashion retailer at £300m, the Sunday Telegraph said. Towerbrook has hired Rothschild to advise on an auction later this year. The paper also said Survitec, the defence equipment company, could also be put up for sale by its private equity owner Warburg Pincus with other buyout firms in the running to acquire it.
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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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