VODI.F - Vodafone Group Public Limited Company
| Previous Close | 0.9220 |
| Open | 0.9400 |
| Bid | 0.0000 x 1500000 |
| Ask | 0.0000 x 1500000 |
| Day's Range | 0.9290 - 0.9290 |
| 52 Week Range | 0.9070 - 1.5618 |
| Volume | |
| Avg. Volume | 91,524 |
| Market Cap | 25.352B |
| Beta (5Y Monthly) | 0.56 |
| PE Ratio (TTM) | 2.21 |
| EPS (TTM) | 0.4200 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.09 (9.61%) |
| Ex-Dividend Date | Jun 08, 2023 |
| 1y Target Est | N/A |
ReutersVodafone's new CEO faces tough calls to reconnect with investors
LONDON (Reuters) -When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. Della Valle, an Italian who joined Vodafone in 1994 and had been its chief financial officer since 2018, vowed on Tuesday to cut 11,000 of 90,000 jobs and speed up the delivery of new offers by giving local country bosses greater autonomy.
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.
PA Media: MoneyVodafone cutting 11,000 jobs as boss says group ‘must change’
The cull will impact the group’s UK headquarters in Newbury, Berkshire, as well as markets worldwide.
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 TelegraphBritain is selling off its vital national assets to totalitarian states
For a company that has spent the last 20 years lost in a sort-of corporate no-man's land, Vodafone has no shortage of admirers.
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.
- Reuters
UPDATE 1-Vodafone says CEO of top shareholder e& to join its board
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.
BloombergVodafone’s Biggest Investor Increases Sway by Joining Board
(Bloomberg) -- Vodafone Group Plc said that the chief executive officer of Emirates Telecommunications Group Company PJSC, its biggest shareholder, will join the board as its Emirati backers gain more sway over the company’s strategy. Most Read from BloombergHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsUS Inflation Shows Signs of Moderating, Givin
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."
BloombergTop Vodafone Backer E& Weighs Increasing Stake to Up to 25%
(Bloomberg) -- Vodafone Group Plc’s biggest shareholder said it’s considering increasing its stake to ensure it has influence over the British telecommunications company’s future.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsSEC Investigates Trades by First Republic Executives Before Sale to JPMorganApple Buoys Wall Street, Keeping Doubts on Future Growth at BayBruised Banks Fuel Short
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.
- Reuters
UPDATE 2-Vodafone, CK Hutchison set to unveil UK mobile tie-up soon - sources
Vodafone and CK Hutchison are close to agreeing a merger of their UK telecoms businesses, two sources said, in an expected 15 billion pounds ($19 billion) deal that would create the country's biggest mobile operator. 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.
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.
- Reuters
PRESS DIGEST- Financial Times - April 28
Britain is set to abandon its controversial plan to review or scrap all EU-era law by the end of 2023, in a move which has sparked fury among Tory Eurosceptics. - The High Court in London ruled on Thursday that a 48-hour stoppage by the UK's largest nursing union was unlawful, cutting short the most extensive walkout yet over pay. - London has granted Northern Ireland "flexibility" to repay a 300 million pound ($374.88 million) Treasury loan as part of a tough new budget that will cut spending in most departments, but is demanding more value for money from the region.
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.
The IndependentFirst ever space-based voice call using a standard smartphone achieved
Breakthrough demonstrates ‘what many once considered impossible’, says SpaceMobile boss