VOD - Vodafone Group Public Limited Company
| Previous close | 9.29 |
| Open | 9.37 |
| Bid | 9.36 x 28000 |
| Ask | 9.37 x 3200 |
| Day's range | 9.33 - 9.42 |
| 52-week range | 9.22 - 15.93 |
| Volume | |
| Avg. volume | 5,465,523 |
| Market cap | 25.556B |
| Beta (5Y monthly) | 0.56 |
| PE ratio (TTM) | 2.05 |
| EPS (TTM) | 4.56 |
| Earnings date | N/A |
| Forward dividend & yield | 0.98 (10.20%) |
| Ex-dividend date | 08 Jun 2023 |
| 1y target est | 13.64 |
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FTSE finished lower in its third successive weekly decline in the red.
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The latest investor updates on stocks that are trending on Thursday.
ReutersExclusive-Vodafone, Hutchison to announce UK merger as soon as Friday - sources
HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone jumped 3% on the news on Wednesday. Vodafone will own 51% and Hutchison 49% of the combined group, which could be worth around 15 billion pounds ($18.6 billion) including debt, in line with an announcement made by Vodafone in October, one of the sources said.
ReutersVodafone faces German probe over suspected obstruction of 1&1
BERLIN (Reuters) -Vodafone and its German subsidiary Vantage Towers are facing an antitrust investigation in Germany over concerns that it may have contributed to United Internet subsidiary 1&1's sluggish roll-out of radio masts, the regulator said on Friday. Vodafone said in an emailed statement to Reuters that it continued to firmly reject the accusation and would cooperate closely with the authorities. 1&1 is trying to establish itself as a top telecommunications provider in Germany but has so far built only a fraction of its targeted 1,000 radio masts.
ZacksNew Strong Sell Stocks for May 31st
VOD, HIBB and GCO have been added to the Zacks Rank #5 (Strong Sell) List on May 31, 2023.
- Financial Times
Can the UK’s telco giants course correct?
Philip Jansen, BT’s chief executive, told investors that “yes, it’s painful now” — referring to the company’s high expenditure on infrastructure upgrades and successive quarters of falling cash reserves. Earlier this month, BT and Vodafone, Britain’s second-largest telecoms operator, announced major restructuring plans, including about 60,000 job cuts across the two groups over the next few years. BT said it would reduce its headcount by up to 42 per cent by the end of the decade as its fibre build draws to a close and thousands of jobs become automated, while Vodafone said it would slash roughly 12 per cent of its global workforce over the next three years by simplifying its operations.
The GuardianBT to axe up to 55,000 jobs by 2030 as it pushes into AI
Telecoms group aims to become ‘leaner’ as it cuts more than 40% of its 130,000 global workforce
The TelegraphThe decline of Vodafone – and what’s really gone wrong
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.
The GuardianVodafone’s new boss still needs to dial up radicalism
With job cut savings soaked up by reinvestment, a turnaround depends on Margherita Della Valle making value-creating deals
Yahoo Finance VideoVodafone stock sinks as company cuts 11,000 jobs
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..
The GuardianVodafone to cut 11,000 jobs worldwide over next three years
Troubled telecoms firm makes first big move under new group chief executive Margherita Della Valle
- Investing.com
Home Depot, Wells Fargo, Vodafone fall premarket; Capital One rises
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.
- Investing.com
Vodafone shares slip after weakness in Europe weighs on 2024 outlook
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.
ReutersNew Vodafone boss takes aim at costs with 11,000 global job cuts
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 TelegraphVodafone deepens ties with Dubai amid national security concerns over Three deal
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.
ReutersVodafone says CEO of top shareholder e& to join its board
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.
The TelegraphVodafone merger ‘extremely difficult’ amid national security fears
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.
ReutersThree UK-Vodafone tie-up 'difficult' to conclude - Hutchison CFO
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."
ReutersUK mobile users spending millions on smartphones they've already paid for, Virgin Media O2 says
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.
ReutersVodafone, CK Hutchison set to unveil UK mobile tie-up soon - sources
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.
The GuardianMargherita Della Valle made Vodafone’s first permanent female chief executive
Della Valle took job on temporary basis in December and is tasked with steering telecoms group through its turnaround
ReutersVodafone appoints Della Valle as permanent CEO with 'change mission'
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.
ReutersHutchison briefed UK government as Vodafone deal set for regulatory scrutiny
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.
ReutersBritain sets 5G goal, says no 'magic number' of operators
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.
