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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: 70.46
Bid: 70.63
Ask: 70.66
Change: 1.04 (1.50%)
Spread: 0.03 (0.042%)
Open: 69.96
High: 70.72
Low: 69.70
Prev. Close: 69.42
VOD Live PriceLast checked at -

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Verizon Posts 2Q Loss On Buyout Costs; Core EPS Tops Views >VZ

Fri, 23rd Jul 2010 12:55

DOW JONES NEWSWIRES Verizon Communications Inc. (VZ) swung to a second-quarter loss as the company booked $2.3 billion of charges related to its ongoing buyout of some 11,000 employees. But earnings minus the charges beat analysts' forecasts, and the company "showed solid improvement in operational results in the quarter," Chairman and Chief Executive Ivan Seidenberg said. Shares rose 1.4% to $27.38 premarket. As of Thursday's close, the stock had fallen 7.6% in the past year. Verizon added 1.4 million wireless subscribers during the quarter, fewer than the 1.6 million additions rival AT&T Inc. (T) reported on Thursday. A year earlier, Verizon added 1.1 million. The total customer base stands at 92.1 million, up 5% from a year earlier. Verizon Wireless, owned jointly with the U.K.'s Vodafone Group PLC (VOD, VOD.LN), has posted strong subscriber growth, although the company has trailed rival AT&T, which has drawn its strength from Apple Inc.'s (AAPL) wildly popular iPhone. The company has seen demand improve. Seidenberg has said the company has been helped by growth in wireless data and a healing economy. But Verizon's results of late have been hurt by one-time items related to issues ranging from work-force cuts to the health-care overhaul. Verizon reported a loss of $198 million, or 7 cents a share, from a profit of $1.48 billion, or 52 cents a share, a year earlier. Excluding items such as labor- and merger-related costs, earnings fell to 58 cents a share from 63 cents as revenue dipped 0.3% to $26.77 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 56 cents a share on $27.11 billion in revenue. Wireless revenue increased 3.4%. Meanwhile, the company's wireline operations saw total lines fall 9.2%. Verizon also said its FiOS TV subscriber base was 27% bigger than a year earlier. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com; (END) Dow Jones Newswires July 23, 2010 07:55 ET (11:55 GMT)
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Today 13:54

IN BRIEF: Vodafone Chair Boxmeer buys GBP570,000 in shares

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Chair Jean-Francois van Boxmeer buys 823,500 shares at GBP0.69 each, worth GBP568,215, in London on Wednesday.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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26 Mar 2024 11:21

Vodafone Germany to cut 2,000 jobs in revamp

FRANKFURT, March 26 (Reuters) - Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.

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26 Mar 2024 11:15

UPDATE: Vodafone Germany cuts 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday.

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26 Mar 2024 10:43

Vodafone Germany: 400-mln-eur restructuring to affect 2,000 jobs

BERLIN, March 26 (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some 2,000 jobs.

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26 Mar 2024 10:42

Vodafone Germany cutting 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Germany, Dusseldorf-based subsidiary of Vodafone Group PLC announced Tuesday.

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22 Mar 2024 16:09

London close: Stocks mixed as Bailey hints at rate cuts

(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Bank of England Governor Andrew Bailey.

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22 Mar 2024 11:46

LONDON MARKET MIDDAY: FTSE 100 boosted after week of rate decisions

(Alliance News) - The FTSE 100 in London were higher at midday on Friday, as investor sentiment remained high, after there were no surprises from UK and US central banks this week.

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22 Mar 2024 09:19

TOP NEWS: UK CMA says Vodafone/Three merger raises competition worries

(Alliance News) - The UK Competition & Markets authority on Friday said a planned merger between Vodafone UK and Three UK could raise consumer prices and harm investment into UK mobile networks.

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22 Mar 2024 07:32

CMA warns Vodafone, Three deal will face full probe if solutions not given

(Sharecast News) - Vodafone and Three UK have been told to find ways to assuage Britain's competition regulator that their planned $19bn merger would not leave consumers worse off or face a full investigation.

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18 Mar 2024 16:23

Director dealings: Vodafone CFO makes share purchase

(Sharecast News) - Vodafone Group revealed on Monday that chief financial officer Luka Mucic had acquired 2.46m ordinary shares in the FTSE 100-listed telecommunications giant.

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18 Mar 2024 09:39

IN BRIEF: Vodafone CFO buys 2.5 million shares for GBP1.7 million

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Group Chief Financial Officer Luka Mucic purchased 2.5 million shares on Friday in London at 69.64 pence each for GBP1.7 million in total. Vodafone also on Friday announced the sale of its Italian business to Swisscom AG for EUR8 billion, with EUR4 billion to be returned to shareholders through a buyback. It said, however, that annual dividends from financial 2025 onwards will be rebased to 4.5 euro cents, down from 9.00 cents for financial 2024.

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15 Mar 2024 16:55

LONDON MARKET CLOSE: FTSE closes in red; Reckitt plunges on lawsuit

(Alliance News) - The FTSE 100 in London closed lower on Friday, ahead of a busy week for interest rate decisions.

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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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