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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 69.36
Bid: 69.34
Ask: 69.38
Change: 0.36 (0.52%)
Spread: 0.04 (0.058%)
Open: 69.30
High: 70.00
Low: 69.14
Prev. Close: 69.00
VOD Live PriceLast checked at -

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Tuesday newspaper round-up: Rolls Royce, Sovereignty, Barclays

Tue, 30th Oct 2012 06:45

Moscow has offered to help Britain build nuclear power stations in partnership with Rolls-Royce, Russia's deputy prime minister Igor Shuvalov has said. Mr Shuvalov, who met Vince Cable in London on Monday for bilateral trade talks, said he had talked to the Business Secretary about ways in which Russia could help build plants. "We discussed joint cooperation in some areas, including the construction of nuclear power plants," said Mr Shuvalov after the talks. "The Russian side is interested in such construction and commissioning of new plants here in Great Britain in cooperation with Rolls-Royce." Last year Rolls-Royce, which has a specialist nuclear division, signed a memorandum of understanding with Russian state-owned atomic energy corporation Rosatom to work together on potential new projects, The Telegraph writes. German calls for the EU to gain the power to veto national budgets won support yesterday from Mario Draghi, the President of the European Central Bank, who warned that steps taken so far to save the euro were "not enough". The Italian ECB chief spoke out as Wolfgang Schaeuble, the German Finance Minister, told an audience in Oxford that only closer political and economic integration could rescue the EU from its woes. Mr Draghi had his own answer to those nations worried about losing sovereignty to Brussels or Frankfurt ? their irresponsible borrowing had already seen them forfeit fiscal sovereignty to the markets. "If we want to restore confidence in the Eurozone, countries will have to transfer part of their sovereignty to the European level," Mr Draghi told Der Spiegel magazine in a call for closer European integration, according to The Times.Barclays will become the first bank to stand trial in the High Court over the effects of its manipulation of the Libor interest rate, in a landmark case that could open the way for a fresh wave of claims. A Wolverhampton-based chain of care homes is suing the bank over £70m worth of "swaps" they bought in 2007, which were designed to protect businesses against interest rate spikes. As part of its claim, Guardian Care Homes says that the bank deliberately sold a product that depended on the Libor benchmark, at the same time that senior management knew they were lying about the bank's daily submission. The group, which owns 27 care homes, is suing Barclays for up to £37m. In a withering judgment, Mr Justice Flaux said that it was a legitimate issue to go to trial in a full hearing next year, The Times explains. Francois Hollande will travel to Berlin with leaders for crisis talks on Tuesday after Germany said a Greek sovereign debt restructuring was "out of the question". On Monday, the French president met with Jim Yong Kim, head of the World Bank, and IMF chief Christine Lagarde, as well as leaders of the World Trade Organisation and the OECD, to discuss solutions for Greece, including a debt buy-back. The group will talk about the ideas with Ms Merkel on Tuesday. European markets dropped ahead of the pivotal talks amid worsening bank problems gripped both Greece and Spain. Greek banks plunged almost 16% after the finance ministry in Athens said that Brussels' bail-out fund would not recapitalise the banks. The collapsed dragged the Athens exchange down 6.3%, The Telegraph says. The Treasury has been accused of hobbling the work of the Parliamentary Commission on Banking Standards, which is examining bank reform, by withholding details about how the Government intends to proceed. A souring of relations could prove troublesome for George Osborne if the commission decides when it reports at the end of the year to challenge his plans to overhaul the regulation of banks. The parliamentary commission on banking, chaired by Andrew Tyrie, has been asked by the Chancellor to examine the legislation to erect a ring-fence between retail banks and their more risky investment counterparts. However, the key details of the plan, covering issues such as whether derivative products can be sold by retail banks, will not be set out until secondary legislation is published next year, after the parliamentary commission has reported, The Telegraph says. The dividend bonanza at telecoms giant Vodafone is set to fizzle out next spring in a move that will have major implications for pension savers across the UK. The company set a generous dividend policy in May 2010 that is coming to an end in the spring of next year. Sources say that although it has performed well, it cannot sustain payouts at their current level. Vodafone, which currently has a dividend yield of more than 5%, is one of the biggest cash dividend payers in the FTSE 100. Pension funds have become increasingly reliant on income from the telecoms group after the payout from BP, formerly the biggest payer in the Footsie, was hit by the Gulf disaster. The board, led by chief executive Vittorio Colao, is thought likely to freeze or cut the divi, The Daily Mail says. AB
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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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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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