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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: 67.92
Bid: 68.04
Ask: 68.08
Change: -0.52 (-0.76%)
Spread: 0.04 (0.059%)
Open: 68.00
High: 68.98
Low: 67.86
Prev. Close: 68.44
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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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 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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15 Mar 2024 09:25

Vodafone Germany makes surprise chief executive change

(Alliance News) - The head of telecommunications provider Vodafone Germany, Philipp Rogge, has announced plans to leave the company at the end of the month in a surprise move after less than two years at the helm.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

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15 Mar 2024 06:58

TOP NEWS: Vodafone plans share buyback after Italy sale to Swisscom

(Alliance News) - Vodafone Group PLC on Friday said it has agreed to sell its Italian business to Swisscom AG for EUR8 billion and will return half of the proceeds to shareholders.

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15 Mar 2024 06:45

Vodafone unveils €4bn capital return after selling Italian unit

(Sharecast News) - Vodafone and Swisscom have confirmed that the Swiss telecom group will take over Vodafone Italy for €8bn, enabling the UK company to return €4bn to shareholders.

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

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