The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 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
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 4-Organisers agonize over whether to scrap Mobile World Congress

Wed, 12th Feb 2020 11:35

* GSMA board debates whether to scratch top telecoms event

* Spanish health officials see no reason to cancel
We are monitoring fast-paced coronavirus situation - GSMA

* European operators, key backers of event pull out
(Updates with Spanish health officials, WHO, insurance expert)

By Isla Binnie, Mathieu Rosemain and Douglas Busvine

MADRID/PARIS/BERLIN, Feb 12 (Reuters) - Organisers of the
Mobile World Congress (MWC) agonized on Wednesday over whether
to cancel or press ahead with a smaller version of the event
after major European telecom companies pulled out over the
coronavirus outbreak.

The GSMA telecoms association that hosts the Barcelona
get-together faced a dilemma after local health authorities said
they saw no reason to cancel the Feb. 24-27 event, the biggest
on the industry's annual calendar.

Several sources said the GSMA's board, consisting of 25
industry bosses, was holding a 'virtual' meeting to consider its
options. Two sources familiar with the matter said no final
decision had been reached on what to do.

Deutsche Telekom, Vodafone, BT and
Nokia said earlier they would not be attending. A
source said Orange was set to join them, although the
French company said it had not taken any final decision.

The MWC draws more than 100,000 visitors to Barcelona and
gives a lift of half a billion dollars to the local economy, the
GSMA estimates. With big-name withdrawals from Europe coming on
top of those from the United States, Japan and South Korea, the
event risks being a shadow of its normal self.

The Chinese contingent at MWC has numbered 5,000-6,000 in
recent years, making the event particularly vulnerable given the
outbreak of the virus that has killed more than 1,100 people on
the Chinese mainland.

In its latest statement, the GSMA said it was monitoring the
"fast-changing situation" around the coronavirus while working
with the Spanish and global health authorities to ensure the
wellbeing of attendees.

PREACHING CALM

Barcelona's mayor Ada Colau said on Wednesday she wanted to
send a "message of calm", insisting the city was ready to host
the event. Health Minister Salvador Illa said the government's
goal was protecting people's health, but that it would take
additional measures if necessary.

The World Health Organisation, the UN agency leading the
coronavirus crisis response, also urged calm.

"There is no evidence at present to suggest that there is
community spread outside China, so WHO is not currently
requesting that large gatherings are cancelled," WHO spokesman
Tarik Jasarevic told Reuters in Geneva.

That failed, however, to alleviate concerns among major
exhibitors that the precautions would be insufficient to halt
the virus that has spread beyond China's borders to two dozen
countries.

"To bring people together and connect them: That is what
Telekom stands for. This is also what the Mobile World Congress,
the 'class reunion' of our industry, stands for," Deutsche
Telekom CEO Tim Hoettges posted on LinkedIn.

He added, however, that large gatherings of people with many
international guests posed a particular risk: "To take this risk
would be irresponsible."

ON THE HOOK

The fate of this year's MWC may hinge on the terms under
which any events insurance taken out by the GSMA would pay out.

This would be unlikely to kick in unless restrictions are
imposed on public gatherings in the country on health grounds,
insurance experts say.

"Where there is no ban and businesses make their own
commercial decision, I cannot see the market paying out," said
Edel Ryan, who is on the Special Risks team at broker Marsh JLT
Specialty.

Major Chinese exhibitors, led by Huawei, have stuck
to plans to attend, ordering at-risk staff to isolate themselves
in advance and drafting in replacements from elsewhere to run
event stands and host clients.

The GSMA had banned attendees from China's Hubei province,
where the coronavirus outbreak began, and required others to
prove that they had been outside the country for at least two
weeks prior to the event.

Coronavirus has proved to be contagious even when people who
have caught it are asymptomatic, meaning that people attending
might not even realise that they could infect others they meet
at MWC.

Tracking the meetings and movements across the Fira trade
grounds and the city of Barcelona of anyone who later tests
positive would be a difficult task.
(Writing by Douglas Busvine; Additional reporting by Supantha
Mukherjee, Joan Faus, Can Sezer, Tarmo Virki, Stephanie Nebehay,
Carolyn Cohn and Noor Zainab Hussein; editing by Keith Weir and
Elaine Hardcastle)

More News
16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

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

Read more
14 Nov 2023 17:04

LONDON MARKET CLOSE: FTSE 100 underwhelms as stocks jump after US CPI

(Alliance News) - European equities jumped in the wake of a cooler-than-expected US inflation reading, which took some sting out of a recent hawkish reassessment of the Federal Reserve interest rate outlook.

Read more
14 Nov 2023 16:18

London close: Stocks turn higher on cooler US inflation report

(Sharecast News) - London's stock markets had managed to turn positive by the close on Tuesday after a lower-than-expected inflation report from the United States boosted confidence while investors also mulled the latest UK jobs data.

Read more
14 Nov 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms before US inflation

(Alliance News) - London's FTSE 100 went into Tuesday afternoon in the red, hurt by a stronger pound, though European peers were in better shape ahead of a key US inflation reading.

Read more
14 Nov 2023 09:36

TOP NEWS: Vodafone interim profit falls but maintains annual guidance

(Alliance News) - Vodafone Group PLC on Tuesday reported a lower profit in its financial first half but hailed growth in Germany.

Read more
14 Nov 2023 07:17

Vodafone maintains guidance as first-half earnings fall

(Sharecast News) - Vodafone Group reported a 4.2% increase in group service revenue in its first half on Tuesday, to €18.62bn, or 2.3% excluding Turkey, although overall revenue and profits fell.

Read more
13 Nov 2023 15:29

IN BRIEF: Zegona raises EUR300 million in placing for Vodafone deal

Zegona Communications PLC - London-based investor in European telecommunications, media and technology sector - Raises EUR300 million from share placing, with the funds to go towards Zegona's acquisition of the Spanish arm of Vodafone Group PLC at an enterprise value of EUR5 billion, including debt. Zegona places 174.4 million new shares at 150 pence each. It intends to raise EUR8 million more via a retail offer at the same price via the PrimaryBid platform. The placing shares will represent 99% of Zegona's share capital upon admission to trading.

Read more
13 Nov 2023 12:28

Tuesday preview: US consumer prices, Vodafone in focus

(Sharecast News) - Financial markets' attention on Tuesday will be on the latest consumer price data in the U.S..

Read more
13 Nov 2023 10:00

TOP NEWS: Vodafone partners with Accenture for share services business

(Alliance News) - Telecommunications provider Vodafone Group PLC on Monday said it has struck an agreement with Accenture to form a new shared services joint venture.

Read more
13 Nov 2023 07:41

LONDON BRIEFING: BAE backs upgraded guidance; Royal Mail fined

(Alliance News) - Stocks in London are called higher on Monday, as investors look ahead to the latest US inflation print.

Read more
13 Nov 2023 07:27

Vodafone unveils plans for strategic partnership with Accenture

(Sharecast News) - Vodafone Group unveiled plans for a strategic partnership with Accenture on Monday to accelerate the commercialisation of shared operations.

Read more
9 Nov 2023 14:14

EARNINGS AND TRADING: Chapel Down hopes to make splash on AIM

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
7 Nov 2023 15:51

UK earnings, trading statements calendar - next 7 days

Wednesday 8 November 
Conduit Holdings LtdQ3 Results
Hiscox LtdTrading Statement
HgCapital Trust PLCQ3 Results
ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
Thursday 9 November 
3i Group PLCHalf Year Results
Apax Global Alpha LtdQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Burford Capital LtdQ3 Results
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Flutter Entertainment PLCTrading Statement
IMI PLCTrading Statement
Indivior PLCQ3 Results
John Wood Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
National Grid PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
S4 Capital PLCTrading Statement
Tate & Lyle PLCHalf Year Results
Taylor Wimpey PLCTrading Statement
TBC Bank Group PLCQ3 Results
TheWorks.co.uk PLCTrading Statement
Trakm8 Holdings PLCHalf Year Results
Urban Logistics REIT PLCHalf Year Results
Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
Friday 10 November 
Allianz Technology Trust PLCQ3 Results
Wheaton Precious Metals CorpQ3 Results
Monday 13 November 
Bank of Cyprus Holdings PLCQ3 Results
British Land Co PLCHalf Year Results
Kainos Group PLCHalf Year Results
Team Internet Group PLCQ3 Results
Tuesday 14 November 
ActiveOps PLCHalf Year Results
Babcock International Group PLCHalf Year Results
Bank of Georgia Group PLCQ3 Results
Castings PLCHalf Year Results
ConvaTec Group PLCTrading Statement
DCC PLCHalf Year Results
Forterra PLCHalf Year Results
Gear4Music PLCHalf Year Results
Genel Energy PLCTrading Statement
HydrogenOne Capital Growth PLCQ3 Results
Hill & Smith PLCTrading Statement
Imperial Brands PLCFull Year Results
Informa PLCTrading Statement
Land Securities Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Renalytix PLCQ1 Results
Tullow Oil PLCTrading Statement
Vesuvius PLCTrading Statement
Vodafone Group PLCHalf Year Results
Wise PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Nov 2023 09:28

LONDON BROKER RATINGS: Watches of Switzerland impresses HSBC; Asos cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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.