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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: 77.18
Bid: 77.30
Ask: 77.34
Change: -0.34 (-0.44%)
Spread: 0.04 (0.052%)
Open: 77.76
High: 78.74
Low: 77.02
Prev. Close: 77.52
VOD Live PriceLast checked at -

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Vodafone still attractive even if dividend is cut - analysts

Mon, 28th Jan 2019 11:56

(Sharecast News) - Analysts were seeing the merits of Vodafone on Monday, with Kepler Cheuvreux upgrading its rating despite a potential dividend cut and Barclays seeing 50% share price upside."The key reason for investors to hold this stock is the dividend," said Kepler, having seen risks that the payout, in the event of a deal with Liberty, would not be sustainable and previously slapping a 'reduce' rating on the shares.It has not been alone in this worry, with Vodafone's shares having fallen around 40% over the past 12 months.The Kepler analysts still estimate that the Liberty deal would stretch net debt to greater than three times EBITDA, potentially jeopardising the credit rating, and so foresee a cut to Vodafone's dividend from €0.15 to "a more sustainable level of €0.11 per share".But with the selloff in the shares having pushed Vodafone's dividend yield to almost 10%, "signalling market belief in an imminent dividend cut", Kepler's view is that the reaction to a potential dividend cut is "too extreme".Assuming a cut, the yield is "still appealing enough" and buying the shares now would leave the "opportunity to lock in great yield", so upgrading its rating to 'buy'.Out with its note on Monday, Barclays said Vodafone's quarterly update showed "positive early indications of commercial improvements" in the problem areas of Italy and Spain, though there was a hiccup in South Africa.With management claiming that fourth quarter service revenues will be "the bottom", Barclays said: "Until we see clear evidence of this, valuation and evidence of structural cost cutting/M&A appear the obvious attractions". The price target was cut 5% to 205p but that still implies plenty of upside potential.Citi was another positive voice on the line, seeing an inflection in Europe.While Vodafone has been having it tough in Europe, trends are slightly improving and as comparisons from last year get easier, further improvement is seen in 2019/20, with Italy "key to the recovery" and Germany "key to the outlook".
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15 Dec 2023 18:59

Iliad wants to finalise JV proposal for Vodafone Italy by end-January -sources

LONDON/MILAN, Dec 15 (Reuters) - French telecoms group Iliad wants to finalise a proposal to Vodafone Italy to combine their Italian operations in a joint venture by the end of January, two sources briefed on the matter said.

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14 Dec 2023 10:44

Sumitomo partners with Vodafone and Deloitte to speed up global trade

(Alliance News) - Sumitomo Mitsui Financial Group Inc and Vodafone Group PLC will team up with Deloitte and Nexxiot to support global autonomous freight handling, the firms announced on Thursday.

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12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

LONDON, Dec 12 (Reuters) - Britain's telecoms regulator proposed banning inflation-linked price rises in the middle of customers' broadband and mobile contracts, saying the practice was unfair on consumers and hampering competition.

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12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

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12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

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12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

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12 Dec 2023 10:37

UK telecom regulator eyes ban on inflation-linked contract price hikes

(Alliance News) - The UK telecommunications industry regulator on Tuesday said it wants to ban price hikes linked to inflation from customer contracts.

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12 Dec 2023 09:58

UK regulator seeks to ban telecom firms' inflation-linked mid-contract price hikes

LONDON, Dec 12 (Reuters) - Britain's telecom regulator Ofcom proposed banning inflation-linked price rises in the middle of customers’ mobile and broadband contracts, saying that the practice was unfair on consumers and hampering competition.

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12 Dec 2023 09:28

BT shares dip as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell over 4% on Tuesday, with traders linking the drop to British communications regulator Ofcom proposing a ban on mid-contract price hikes linked to inflation.

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12 Dec 2023 08:48

Ofcom proposes ban on inflation-linked price rises

(Sharecast News) - Telecom firms were in the red on Tuesday, as the sector's regulator proposed a ban on inflation-linked mid-contract price rises.

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7 Dec 2023 16:59

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

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7 Dec 2023 15:03

London close: Stocks weaker as investors look to central banks

(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.

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