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: 73.28
Bid: 73.44
Ask: 73.48
Change: 3.30 (4.72%)
Spread: 0.04 (0.054%)
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

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.
More News
2 Jan 2024 18:36

Egyptians greeted by hefty price rises in new year

CAIRO, Jan 2 (Reuters) - Egyptians entered the new year facing a series of price hikes as the government battles to keep up with rampant inflation.

Read more
21 Dec 2023 17:13

London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

*

Read more
21 Dec 2023 16:53

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.

Read more
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.

Read more
21 Dec 2023 11:54

LONDON MARKET MIDDAY: Stocks frosty ahead of US economic data

(Alliance News) - Investors were not in the festive spirit on Thursday, with stocks in London down, as the last load of US economic data edges closer.

Read more
21 Dec 2023 08:59

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.

Read more
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.

Read more
21 Dec 2023 07:47

LONDON BRIEFING: Hipgnosis Songs Fund delayed results show value fall

(Alliance News) - Stocks in London are expected to open lower on Thursday, in line with equity markets in Asia and New York.

Read more
21 Dec 2023 06:58

LONDON MARKET EARLY CALL: London to follow NY and Tokyo into red

(Alliance News) - Stocks in London are set to open lower on Thursday, returning some of Wednesday's gains that followed a surprisingly tame UK inflation reading.

Read more
20 Dec 2023 19:56

PRESS: Swisscom weighs up offer for Vodafone's Italian business

(Alliance News) - Swisscom AG is weighing an offer for Vodafone Group PLC's Italian business early next year, potentially countering a rival bid from Iliad SA for the unit, Bloomberg reported, citing people familiar with the matter said.

Read more
20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

Read more
19 Dec 2023 06:00

Safaricom's Ethiopia struggle deters potential telecoms investors

Telecoms sector once seen as key prize in liberalisation drive

*

Read more
18 Dec 2023 17:36

European shares ease as ECB officials temper rate cut optimism

Germany to end e-vehicle subsidy programme

*

Read more
18 Dec 2023 17:21

Energy stocks lift UK's FTSE 100, Vodafone shines

Vodafone jumps as Iliad offers to merge Italian units

*

Read more
18 Dec 2023 16:35

Vodafone shares climb as Iliad proposes Italian merger

Vodafone is reviewing options for its Italian unit

*

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.