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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: 69.98
Bid: 70.06
Ask: 70.08
Change: 0.58 (0.84%)
Spread: 0.02 (0.029%)
Open: 69.54
High: 71.18
Low: 69.54
Prev. Close: 69.40
VOD Live PriceLast checked at -

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UK consumers, not govt, can drive tax change - Sainsbury boss

Tue, 25th Jun 2013 12:20

LONDON, June 25 (Reuters) - Britain's consumers, rather thanits politicians, are more likely to bring about change in thecountry's taxation regime, the boss of its third-largest grocerJ Sainsbury said on Tuesday.

Several companies, including Google and coffeechain Starbucks have faced criticism from UK taxcampaigners over the way they structure their tax affairs,provoking consumer anger and pledges from political leaders toact.

Last week, leaders of the world's eight richest economiessaid they would take a tougher stance on tax evasion butpromised little in the way of specific new action at the end ofa two-day summit in Northern Ireland.

"It's much more likely that consumer action will changecorporations' attitude than government action because it will beso difficult to move the dial across international borders,"Justin King, chief executive of Sainsbury's, told delegates atthe British Retail Consortium's (BRC) Retail Symposium 2013.

He said if consumers changed where they shopped tomorrow,corporations would quickly change their attitude to tax.

"The things that bring about most corporations' Damasceneconversions is realising that actually it's hurting them intheir core franchise," he said.

King said the tax debate in Britain had shifted to twodistinct issues.

Firstly there was the "moral issue" of some companiesarranging their tax affairs so they do not pay their way butstill expect to benefit from what the tax system pays for, suchas education, health and roads.

Secondly there was the debate about the unfairness of taxbecoming part of the competitive dynamic, with internet playershaving an advantage over traditional retailers.

"As our industry is changing away from a property-intensiveindustry to one in which property plays a part but a much lesserpart than it has historically, our tax system, that raises localtaxes primarily on property, is exposed as an historicalanachronism," said King.

"It clearly has to change and is a legitmate debate for usand the BRC to be driving."

More News
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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29 Feb 2024 13:11

Vodafone rallies on 'RARE' Betaville report

(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.

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28 Feb 2024 15:01

London close: Stocks slip as US GDP growth decelerates

(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.

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28 Feb 2024 08:59

TOP NEWS: Vodafone in talks to sell Italian arm in EUR8 billion deal

(Alliance News) - Vodafone Group PLC on Wednesday confirmed that it is in exclusive discussions with Swisscom AG regarding a potential sale of Vodafone Italy to Swisscom for cash.

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28 Feb 2024 07:10

Vodafone to sell Italian operations to Swisscom for €8bn

(Sharecast News) - Vodafone has confirmed media speculation that it intends to sell its Italian operations to Swiss telecoms group Swisscom for an enterprise value of €8bn.

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16 Feb 2024 08:52

Vodafone inks deal with RWE for offshore wind energy in Germany

(Alliance News) - Offshore wind turbines in the North Sea will power around 12,000 Vodafone Group PLC cellular network towers across Germany under a new deal that the mobile provider struck with German energy firm RWE AG.

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15 Feb 2024 10:47

Swisscom sole bidder for Vodafone's Italian assets - report

(Sharecast News) - Swisscom has become the sole party still in discussions with Vodafone Group about its Italian assets, it was reported on Thursday.

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