The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 73.48
Bid: 78.64
Ask: 66.96
Change: 3.50 (5.00%)
Spread: -11.68 (-14.852%)
Open: 70.72
High: 73.76
Low: 70.00
Prev. Close: 69.98
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
29 Feb 2024 13:11

Vodafone rallies on 'RARE' Betaville report

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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
14 Feb 2024 15:17

PRESS: Brussels open to telecoms mergers to support investment - FT

(Alliance News) - Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, a report said Wednesday.

Read more
14 Feb 2024 10:56

Vodafone gets approval to add e& CEO Hatem Dowidar to board

(Alliance News) - Vodafone Group PLC on Wednesday said Hatem Dowidar, the chief executive of a United Arab Emirates-backed telecom group, will join its board from next week Monday.

Read more
7 Feb 2024 08:51

LONDON BROKER RATINGS: Jefferies cuts BioPharma Credit to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
5 Feb 2024 16:22

London close: Stocks turn lower on renewed interest rate concerns

(Sharecast News) - London's financial markets had turned negative by the close of trading on Monday, after better-than-expected UK services data was offset by a downward revision in service activity in the United States.

Read more
5 Feb 2024 12:06

LONDON MARKET MIDDAY: FTSE 100 rises as UK service sector impresses

(Alliance News) - Stock prices in London were higher midday Monday, after data showed that the UK services sector kicked off the new year with its most robust performance since May.

Read more
5 Feb 2024 08:47

LONDON MARKET OPEN: London's stocks up on Wall Street rally

(Alliance News) - Stock prices in London opened higher on Monday, following New York's Friday rally thanks to a strong US jobs report.

Read more
5 Feb 2024 08:22

Vodafone Group maintains 2024 guidance after third quarter growth

(Alliance News) - Vodafone Group on Monday said that its third quarter had shown sustained revenue growth in Europe and Africa, as the company reiterated its guidance for the full year.

Read more
5 Feb 2024 07:42

LONDON BRIEFING: Stocks expected to start week up slightly amid PMIs

(Alliance News) - Stocks in London are set to open slightly higher on Monday, ahead of a slew of purchasing managers' index readings.

Read more
5 Feb 2024 07:03

Vodafone struggles in Italy, Germany, but holds guidance

(Sharecast News) - Telecoms giant Vodafone held full-year guidance as it reported a fall in third-quarter service revenues, driven largely by declines in Germany.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.