Broker tips: Vodafone, IMPs, Lonmin
23rd Jul 2010 13:20
The first quarter interim management statement from Vodafone for the three months to 30 June was ahead of expectations, Killik said, with a return to organic service revenue growth driven by a strong performance in emerging markets. Jonathan Jackson, head of equities at Killik, is encouraged that t
Read moreVerizon Posts 2Q Loss On Buyout Costs; Core EPS Tops Views >VZ
23rd Jul 2010 12:55
DOW JONES NEWSWIRES Verizon Communications Inc. (VZ) swung to a second-quarter loss as the company booked $2.3 billion of charges related to its ongoing buyout of some 11,000 employees. But earnings minus the charges beat analysts' forecasts, and the company "showed solid improvement in ope
Read moreBEFORE THE BELL: US Stock Futures Hold Gains After Ford, Honeywell
23rd Jul 2010 12:37
By Polya Lesova U.S. stock futures held their gains in the wake of two big earnings reports, from Honeywell and Ford. Futures for the Dow Jones Industrial Average were last up 30 points to 10297, while those for the S&P 500 rose 4 points to 1091.70. Futures for the Nasdaq 100 rose 8 points
Read moreLondon midday: Equities in wait and see mode
23rd Jul 2010 12:13
Investors are keeping their powder dry ahead of the release of the European bank stress tests after the close of business today. Stocks are easier on balance, despite signs that the UK economy is picking up. Gross domestic product grew by 1.1% during the quarter according the Office of National St
Read moreVodafone's German Unit 1Q Mobile Rev Up After Years Of Decline
23rd Jul 2010 11:48
DUESSELDORF (Dow Jones)--Vodafone PLC's (VOD) German unit Friday posted an increase in its first-quarter mobile service revenue for the first time in more than two years. In the quarter ended June 30, Vodafone generated in Germany, its largest market by revenue, EUR1.64 billion in mobile service
Read moreBEFORE THE BELL: US Stock Futures Up Before Honeywell, Ford Data
23rd Jul 2010 11:10
By Polya Lesova U.S. stock futures posted modest gains on Friday, buoyed by strong economic data from Germany and the U.K., as investors awaited earnings results from Honeywell and Ford as well as the results from the European bank-stress tests. Futures on the Dow Jones Industrial Average a
Read moreMARKET TALK: Vodafone's Strategy Key - Sanford Bernstein
23rd Jul 2010 11:00
1000 GMT [Dow Jones] Sanford Bernstein says "the single most important comment in Vodafone's results was the statement that 'Vodafone will set out how we intend to accelerate our strategy to drive shareholder value'." Broker expects a "portfolio review and clearer commitment to change whether in the
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
23rd Jul 2010 11:00
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1000 GMT [Dow Jones] Sanford Bernstein says "the single most important comment in Vodafone's results was the statement tha
Read more2nd UPDATE: Vodafone To Refresh Strategy In Autumn
23rd Jul 2010 10:39
(Adds analyst comments, details.) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Vodafone Group PLC (VOD.LN) will lay out a new strategy in the autumn that will take into account the explosion in wireless data and the growing number of mobile operating systems, Chief Ex
Read moreUPDATE: Vodafone To Refresh Strategy In Autumn
23rd Jul 2010 10:09
(Rewrites, adds details.) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Vodafone Group PLC (VOD.LN) will lay out a new strategy in the autumn that will take into account the explosion in wireless data and the growing number of mobile operating systems, Chief Executive
Read moreLondon open: Footsie moves higher
23rd Jul 2010 08:55
London has shrugged off an early dip and is now making progress again following on Wall Street's rise last night on the back of good US company earnings. Banks are likely to be a focus for most of the day as the results of the European stress tests are unveiled. There is some confusion over exactly
Read moreLondon pre-open: Footsie set to crawl higher
23rd Jul 2010 07:33
A modestly firmer start is expected in London with traders predicting the FTSE 100 index will open around 7 points higher. Mobile phone network operator Vodafone returned to organic revenue growth in the April to June quarter of 2010 for the first time since the near global recession. Group revenue
Read moreVodafone Secures UK Tax, Indian Deals As Trading Improves
23rd Jul 2010 07:31
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Vodafone Group PLC (VOD.LN) said Friday it has reached an agreement with U.K. tax authorities and revised its Indian ownership deal with partner Essar Group as the mobile giant reported a better-than-expected revenue performance
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 07:27
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0627 GMT [Dow Jones] Vodafone Group's (VOD.LN) results are better than expected, the group returning to organic growth, says
Read moreMARKET TALK: Vodafone Results Better Than Expected Overall
23rd Jul 2010 07:27
0627 GMT [Dow Jones] Vodafone Group's (VOD.LN) results are better than expected, the group returning to organic growth, says Mandeep Singh at Berenberg Bank's specialist sales, telecoms team. Says data revenue growth is accelerating, free cashflow is very strong in the quarter and full-year guidance
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