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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: 69.72
Bid: 69.24
Ask: 72.00
Change: 0.00 (0.00%)
Spread: 2.76 (3.986%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 69.72
VOD Live PriceLast checked at -

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Deutsche Bank backs Vodafone as it reiterates 'buy' rating

Mon, 24th Jun 2019 11:49

(Sharecast News) - Deutsche Bank has maintained its 'buy' rating for Vodafone, despite reducing its price target, arguing that headwinds are starting to ease for the mobile phone giant.The bank conceded that Vodafone's shares had performed poorly over the last year, thanks to "multiple compounding negatives which undermined investor confidence and eventually led to a cut in the group's dividend".But it added: "It is worth remembering Vodafone's leverage increase is predominantly self-inflicted by the accretive cash-based acquisition of Liberty Global assets at a time in which interest rates were rising."Further, Vodafone did not miss its full-year EBITDA or free cash flow expectations, despite lower top-line growth, and guided ahead for full-year 2020 free cash flow."The bank continued: "We anticipate a gradual improvement in the top line with cost-cutting and operational leverage leading to mid-single-digit EBITDA growth from next year."The associated free cash flow growth and deleveraging, including the contribution from M&A, should see investor confidence resume and Vodafone shares re-rate."Deutsche Bank cut its price target for the blue chip to 240p from a previous target of 250p, "due to lower estimates, offset by a small forex effect", but maintained its 'buy' rating.
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14 Jun 2023 11:37

TOP NEWS: Vodafone and CK Hutchison unveil mega UK mobile merger

(Alliance News) - Vodafone Group PLC and CK Hutchison Holdings Ltd on Wednesday announced a tie-up of their UK telecommunications arms, following talks which began last year.

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14 Jun 2023 11:11

Vodafone, Three to merge UK mobile operations

(Sharecast News) - Vodafone said on Wednesday that it has agreed to merge its telecoms business with CK Hutchison's Three UK mobile network.

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14 Jun 2023 11:07

Vodafone, Hutchison unveil UK mobile merger

LONDON/HONG KONG, June 14 (Reuters) - Vodafone and CK Hutchison will merge their British operations, the two groups said on Wednesday, creating the country's largest mobile operator.

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14 Jun 2023 09:02

LONDON BROKER RATINGS: UBS raises Wizz Air to 'buy'

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12 Jun 2023 11:00

Recession risks still loom for markets calmer after banking turmoil

June 12 (Reuters) - The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted.

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9 Jun 2023 07:10

World Bank Group pledges more support for Safaricom Ethiopia

June 9 (Reuters) - The World Bank Group's private investment arm and guarantee agency have pledged more support for the first private telecoms operator in Ethiopia, Safaricom Ethiopia.

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8 Jun 2023 17:59

London stocks slip as interest rate angst persists; ex-div stocks weigh

Crest Nicholson down, flags slowdown worries

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8 Jun 2023 17:39

European shares steady as rate jitters weigh, firm pound drags FTSE 100 down

Euro zone saw winter recession, more challenges ahead

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8 Jun 2023 16:56

LONDON MARKET CLOSE: FTSE underperforms as US data lifts New York

(Alliance News) - Stocks in London ended lower on Thursday, weighed down by a handful of shares going ex-dividend, though peers in Paris and Frankfurt closed higher.

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8 Jun 2023 12:27

LONDON MARKET MIDDAY: Stocks stagnant; eurozone slips into recession

(Alliance News) - Stock prices in London were directionless at midday on Thursday as investors looked to a recession in the eurozone and fretted about the direction of interest rates around the world.

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7 Jun 2023 17:09

London stocks dip as homebuilders, chemicals slip; miners advance

Croda falls on Goldman Sachs rating downgrade

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7 Jun 2023 16:57

LONDON MARKET CLOSE: Stocks dip after surprise hike by Bank of Canada

(Alliance News) - Stocks in London closed on a cautious note on Wednesday after a surprise rate hike from the Bank of Canada revived fears that interest rates around the world will stay higher for longer.

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7 Jun 2023 16:10

PRESS: Vodafone and Hutchison to unveil merger as soon as Friday

(Alliance News) - Reuters on Wednesday said Vodafone Group PLC and CK Hutchison Holdings Ltd are in the final stage of agreeing to merge their British operations.

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7 Jun 2023 09:30

Vodafone, CK Hutchison in final stages of agreeing UK merger - report

(Sharecast News) - Vodafone and CK Hutchison are reportedly in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or early next week.

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6 Jun 2023 17:05

LONDON MARKET CLOSE: Stocks higher as interest rate decisions loom

(Alliance News) - Stocks in London were largely higher at the close on Tuesday, shrugging off a poor performance for oil majors in the FTSE 100 and lacklustre data for the UK's retail sector.

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