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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: 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
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Vodafone pockets 2.1bn pounds from VZW dividend - UPDATE

Tue, 14th May 2013 07:16

Telecoms giant Vodafone has announced that it is to receive over two billion pounds via a dividend from its stake in its US wireless joint venture with Verizon.Verizon Wireless (VZW), which has been at the centre of takeover rumours by Verizon for months, is paying a total of $7.0bn (£4.6bn) to shareholders at the end of June.Vodafone, which owns 45% in VZW, will receive $3.2bn (£2.1bn), while Verizon will pocket the rest. The UK telecom said it will update the market on how it plans to use the proceeds in its full-year results later next week (May 21st), though it had used the cash to buy-back shares previously.Nevertheless, analysts at Nomura believe that the group will have a greater need to recapitalise the balance sheet "following a heavy round of spectrum payments and also having acknowledged a need to improve its convergence positioning including via M&A."An article in The Sunday Times this weekend claimed that Vodafone would not retain its policy of growing its own core dividend next week. The paper highlighted a growing dependency by Vodafone on its dividend payment from VZW.According to analysts at Berenberg: "The debate over the company's ability to support underlying dividend growth has been going on for some time now, with only a few analysts now expecting dividend growth for FY14 onwards. "The reality is that, without the Verizon Wireless dividend, Vodafone's core dividend is only just covered by earnings from its consolidated operations, leaving limited scope for the company to be generous."Shares in Vodafone have raced higher since the start of the year on speculation that Verizon could offer to buy-out its 45% share in VZW for somewhere in the region of $100bn, though the group is thought to want a much higher price. The stock has gained over 25% in 2013 so far.Nomura said: "We think Vodafone shareholders will be happy for Vodafone to wait patiently for ad-hoc distributions unless Verizon offers a bid of $130bn-plus for the 45% stake."[...] We see the main barrier to a deal getting done as no longer tax, but rather the prospect of Vodafone having a large strategic stake in Verizon, which may prove unpalatable to Verizon. However, we believe that Vodafone and Verizon's interests are largely aligned in getting a deal concluded over the summer, and we expect M&A speculation to increase again following Vodafone's full-year results and guidance disclosure next week."
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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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31 Jan 2024 08:06

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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29 Jan 2024 16:00

UK earnings, trading statements calendar - next 7 days

Tuesday 30 January 
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Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
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SSP Group PLCTrading Statement
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Wednesday 31 January 
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ITM Power PLCHalf Year Results
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Thursday 1 February 
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AG Barr PLCTrading Statement
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JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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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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27 Jan 2024 08:17

UK strikes Vodafone deal after UAE stake national security fears

(Alliance News) - The UK government has reached an agreement with Vodafone Group PLC to address national security concerns related to a United Arab Emirates-backed telecoms group's stake in the company.

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26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

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26 Jan 2024 16:21

London close: Stocks finish higher as US inflation cools

(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.

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26 Jan 2024 14:54

UK took 'proportionate' steps over Vodafone's Abu Dhabi shareholder -minister

LONDON, Jan 26 (Reuters) - Britain said it had put in place "proportionate measures" to alleviate its national security concerns about the relationship between Vodafone and Abu Dhabi-based telecoms group e&, explaining its decision to approve the strategic partnership.

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26 Jan 2024 13:29

UK dividends calendar - next 7 days

Monday 29 January 
J Smart & Co (Contractors) PLCdividend payment date
Mondi PLCex-dividend payment date
Tuesday 30 January 
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Wednesday 31 January 
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Middlefield Canadian Income PCCdividend payment date
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Triad Group PLCdividend payment date
Thursday 1 February 
AEW UK REIT PLCex-dividend payment date
Albion Enterprise VCT PLCex-dividend payment date
Blackstone Loan Financing Ltdex-dividend payment date
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Capital Gearing Trust PLCex-dividend payment date
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Coral Products PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Henderson International Income Trust PLCex-dividend payment date
Hollywood Bowl Group PLCex-dividend payment date
IG Group Holdings PLCex-dividend payment date
Impellam Group PLCex-dividend payment date
JPMorgan Emerging Europe Middle East & Africa Securities PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
JPMorgan Mid Capital Investment Trust PLCex-dividend payment date
JPMorgan UK Smaller Cos Investment Trust PLCex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Marwyn Value Investors PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
Merchants Trust PLCex-dividend payment date
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PayPoint PLCex-dividend payment date
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CT UK High Income Trust PLC - Class B dividend payment date
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Dr Martens PLCdividend payment date
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Jet2 PLCdividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

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TOP NEWS: UK regulator opens probe into Vodafone merger with Three UK

(Alliance News) - The UK competition watchdog on Friday said it was launching a phase one investigation looking into the merger of Three UK and Vodafone Group PLC's UK business.

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26 Jan 2024 11:17

UK antitrust regulator begins investigation of Vodafone-Hutchison merger

CMA starts phase 1 investigation

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26 Jan 2024 08:29

Competition watchdog probes Vodafone-Three merger

(Sharecast News) - The competition regulator has opened a formal investigation into the proposed £15bn merger between Vodafone Group and Three UK, it was confirmed on Friday.

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25 Jan 2024 14:08

UAE telco's stake in Vodafone poses some security risks, UK says

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