|Bid||9.77 x 1100|
|Ask||10.00 x 1300|
|Day's range||9.69 - 9.84|
|52-week range||9.69 - 16.80|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||2.14|
|Forward dividend & yield||0.98 (9.95%)|
|Ex-dividend date||08 Jun 2023|
|1y target est||N/A|
Sales and profits forecasts from City analysts play an important role in determining share prices. It now expects to make earnings per share of up to €9.90, compared with €5.47 last year. Its share price duly jumped.
Telecoms group aims to become ‘leaner’ as it cuts more than 40% of its 130,000 global workforce
Vodafone chief Margherita Della Valle has admitted the struggling telecoms giant “must change” as she announced plans to cut 11,000 jobs and improve customer service.
Vodafone’s new boss has announced the biggest set of job cuts in the telecom group’s history, pledging to draw a bold line under its past and to simplify a business that has come under criticism for its centralised decision-making and byzantine structure. “Make no mistake, you will see the numbers turning from here,” Margherita Della Valle, who took over as chief executive of the UK-based company last month, told the Financial Times. Meanwhile, a pack of foreign investors have bought more than a fifth of the company’s shares over the past year, taking advantage of a languishing share price.
With job cut savings soaked up by reinvestment, a turnaround depends on Margherita Della Valle making value-creating deals
Yahoo Finance Live discusses a drop in shares of British telecommunications company Vodafone after the company announced 11,000 job cuts over the course of three years..
Troubled telecoms firm makes first big move under new group chief executive Margherita Della Valle
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.
Vodafone plans to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle warned that the telecoms group “must change” to end a period blighted by poor performance in its largest market and a slumping share price. The cuts will come both at Vodafone’s UK headquarters and in local markets, the group said on Tuesday, as it published full-year results that fell short of analysts’ expectations. “Our performance has not been good enough,” said Della Valle, who was made permanent chief executive last month after serving as interim boss following the departure of Nick Read at the end of last year.
Investing.com -- Shares in Vodafone (LON:VOD) slipped on Tuesday, slumping to their biggest intraday fall since November, after the British telecoms group unveiled forecasts for its 2024 fiscal year that were below projections.
LONDON (Reuters) -New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs globally over three years to help the telecoms group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow. Shares in Vodafone, which has underperformed rivals in its major European markets, fell to their lowest level since 2002, and were trading down 9% by mid-afternoon. The job cuts are the biggest in the history of Vodafone, which employs 90,000 people directly across Europe and Africa.
The chief executive of the United Arab Emirates’ state-owned telecoms company is to join Vodafone’s board in a move that will deepen national security concerns about one of Britain’s critical infrastructure providers.
LONDON (Reuters) -Vodafone Group on Thursday said the chief executive of its largest shareholder, Emirates telecoms group Etisalat, also known as e&, would join its board as the two companies agreed to deepen their strategic relationship. The British company said e& CEO Hatem Dowidar would stay on its board for as long as e& maintained its current 14.6% stake and it would be able to nominate a second non-executive director if its shareholding exceeded 20%. The group has said it is open to increasing its stake in Vodafone.
Vodafone’s talks to merge its UK business with that of Chinese-owned rival Three face an “extremely difficult” conclusion amid calls for any deal to be investigated on national security grounds.
LONDON (Reuters) -CK Hutchison will likely finalise a deal on merging its Three UK mobile network with Vodafone's in Britain, its chief financial officer Frank John Sixt said, but getting the deal over the line was "extremely difficult". "It is probable as has been speculated that we will reach an understanding with our friends at Vodafone," he told investors after a trading update on Tuesday. "Although I would say they (Vodafone) are extremely difficult to draw a conclusion with on the one hand, but on the other hand they are, in the end, very good partners."
British consumers are spending 530 million pounds ($666 million) a year for smartphones they already own because they are not switching out of bundled contracts once their fixed term ends, research by mobile operator Virgin Media O2 (VMO2) showed on Friday. Mobile phone contracts typically bundle together a handset, such as an iPhone, with allowances of voice minutes, texts and data for a monthly fee for a period such as 24 months. But some customers fail to switch contracts after the handset has been paid off, despite being notified by their network.
Hutchison is scheduled to update on first quarter trading on May 9, while Vodafone publishes it full-year results on May 16. The tie-up - with a planned ownership split of 51% Vodafone and 49% Hutchison, the Hong-Kong telecoms-to-ports conglomerate part-owned by billionaire Li Ka-shing - is likely to face intense regulatory scrutiny. CK Hutchison's senior leadership met British government officials in March to seek political support for the deal, three sources told Reuters last month.
Della Valle took job on temporary basis in December and is tasked with steering telecoms group through its turnaround
LONDON (Reuters) -Vodafone appointed interim chief executive officer Margherita Della Valle to the role on Thursday, saying she impressed the company's board with her "pace and decisiveness to begin the necessary transformation" of the mobile operator. She stepped into the top role on an interim basis after Nick Read abruptly left in December, when he agreed with the board that it was the right moment for a new leader. "To realise our potential Vodafone needs to change," she said.
CK Hutchison's senior leadership met British government officials last month to seek political support to merge its Three UK mobile network with Vodafone UK in a deal set to receive intense regulatory scrutiny, three sources said. Vodafone said in October it was in talks with its rival to combine their British networks, with a planned ownership split of 51% Vodafone and 49% Hutchison, the Hong-Kong telecoms-to-ports conglomerate part-owned by billionaire Li Ka-shing. Antitrust regulator the Competition and Markets Authority (CMA) will scrutinise the deal, which would reduce the number of networks from four to three.
Britain set an ambition to deliver next-generation 5G mobile coverage to populated areas by 2030 and said there was "no magic number" of network operators required to ensure a competitive market. All four of Britain's mobile networks - BT's EE, O2, owned by Telefonica and Liberty Global's Virgin Media O2, Vodafone and Three - are rolling out 5G.
Telecoms company apologises after complaints and says problem was the result of an ‘isolated incident’
Around 11,000 Vodafone customers across the UK were left without internet on Monday in the same month bills are going up.
Vodafone wants to cut around 1,300 full-time jobs in Germany, its regional boss Philippe Rogge told German newspaper Handelsblatt on Wednesday. Administrative and management positions are predominantly affected, said Rogge in his first public comments since becoming Vodafone Germany CEO in July. "If we want to finance our ambitions, we have to take this painful step," said Rogge, who is also a member of the group's board of directors in London.
Three’s investment in its network is unsustainable in the long term unless it merges with Vodafone, the mobile network’s boss has admitted.