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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: 68.10
Ask: 71.00
Change: 0.00 (0.00%)
Spread: 2.90 (4.258%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 69.98
VOD Live PriceLast checked at -

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Valuation likely to be sticking point in Vodafone-Liberty deal, says Bank of America

Wed, 20th May 2015 09:09

Vodafone's share price is likely to be buoyed by speculation regarding a potential merger with Liberty Global over the coming days, though analysts at Bank of America Merrill Lynch remained cautious.The US bank reiterated an 'underperform' rating on the stock, saying that concerns about each company's valuation are likely to be a "major stalling point" for any potential deal.A day after underwhelming with its annual results, Vodafone's stock was rebounding on Wednesday following comments by Liberty's chairman John Malone that the UK telecom would be a "great fit".He said in an interview with Bloomberg that a Vodafone tie-up would create "substantial synergies [...] if we could find a way to work together or combine the companies with respect to Western Europe".Merrill Lynch analysts had previously flagged the "strategic logic" of a deal between the two groups, identifying $20bn of potential synergies.However, with Vodafone trading at 6.9 times operating profits and Liberty at over 9.0 times, "valuation looks set to be a major stalling point", the broker said."A merger of equals is unlikely to satisfy either party with a synergy split equivalent to around 10% upside per share VOD upside, or 20% per Liberty share," Merrill said."Nevertheless, Mr Malone's 'approach' is likely to boost VOD in coming days."Aside from the Liberty speculation, Merrill said Vodafone remains a "work in progress" with its recent results "overshadowed by underperformance in its biggest market, Germany".The broker said: "Our concern remains that mid-term capex guidance is too low and that dividend cover is at risk from an already high payout."The stock was up 3.2% at 233.9p by 09:21.
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Vodafone gets approval to add e& CEO Hatem Dowidar to board

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Vodafone Group maintains 2024 guidance after third quarter growth

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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.

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31 Jan 2024 15:49

London close: Stocks mixed ahead of US Fed, BoE decisions

(Sharecast News) - London's financial markets finished with mixed performance on Wednesday, with investors closing their wallets ahead of rate announcements from both the US Federal Reserve and the Bank of England.

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31 Jan 2024 11:18

TOP NEWS: Vodafone rejects revised Iliad proposal for Italian merger

(Alliance News) - British telecommunications company Vodafone Group PLC turned down a revised merger proposal from French telecommunications company Iliad for the Italian subsidiaries Iliad Italia and Vodafone Italia, Iliad SA announced on Wednesday.

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Vodafone rejects revised Iliad offer to merge Italian businesses

(Sharecast News) - Iliad said on Wednesday that Vodafone had rejected its revised offer to merge the two companies' Italian businesses.

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UK earnings, trading statements calendar - next 7 days

Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
  
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28 Jan 2024 19:32

Sunday newspaper round-up: NatWest, China, Vodafone

(Sharecast News) - The Chancellor is laying the groundwork for the sale of billons of pounds worth of shares in NatWest as soon as June. A contract to a market research company has been awarded to study the public's views, alongside a tender to public relations firms and advertising companies who would work on the marketing campaign. Nevertheless, sources inside the Treasury have played down recent speculation in the City that Jeremy Hunt might announce the decision in his 6 March budget. The sale was expected to be priced at a discount. - The Sunday Times

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