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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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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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16 Jan 2024 10:25

Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT

LONDON, Jan 16 (Reuters) - Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

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16 Jan 2024 08:53

TOP NEWS: Vodafone and Microsoft sign 10-year strategic deal

(Alliance News) - Vodafone Group PLC and Microsoft Corp on Tuesday announced a new strategic partnership focused on cloud strategy, digital services and generative artificial intelligence.

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16 Jan 2024 07:19

Vodafone to invest $1.5bn in new Microsoft partnership

(Sharecast News) - Vodafone has signed a 10-year strategic partnership with American software giant Microsoft which will see the UK-listed telecoms group invest $1.5bn over the next decade.

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16 Jan 2024 07:00

Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT

LONDON, Jan 16 (Reuters) - Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

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Former ECB head Draghi consults business chiefs on EU competitiveness

Former ECB chief preparing report on EU competitiveness

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10 Jan 2024 14:18

Former ECB head Draghi sounds out businesses to boost EU competitiveness

MILAN, Jan 10 (Reuters) - Mario Draghi met business leaders in Milan on Wednesday as the former Italian prime minister and European Central Bank chief prepares a report on how to boost the continent's competitiveness.

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London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

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LONDON MARKET CLOSE: Investors feel frosty ahead of US inflation

(Alliance News) - The festive cheer failed to lift stock prices in London on Thursday, as investors nervously look ahead to a key inflation reading from the US on Friday.

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21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

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21 Dec 2023 11:54

LONDON MARKET MIDDAY: Stocks frosty ahead of US economic data

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LONDON MARKET OPEN: Santa rally fades after weak New York close

(Alliance News) - Stock prices in London lost sparkle early Thursday, after a broad-based sell-off on Wall Street.

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21 Dec 2023 08:57

Swisscom weighing offer for Vodafone's Italian business

(Sharecast News) - Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA.

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