Vodafone's Sir John Bond spends £116,000
26th May 2009 15:34
Vodafone's chairman Sir John Bond has upped his stake in the mobile phone company substantially, spending £116,000 on shares. He paid 116p a time for 100,000 shares in the firm and now has 337,345. Bond became chairman of Vodafone in 2006 after stepping down as chairman of HSBC, having worked at t
Read moreTechnical Analysis Snap: Vodafone slips on lower profits
20th May 2009 11:24
On Wednesday Vodafone posted a fall in pre-tax profits of 50% to £4.2bn a drop of 50%, after a £5.9bn one-off write-down on its Turkish and Spanish operations. This has the effect of causing the share price to slip back from its opening highs of 128.50p. However, over the last few weeks it has bee
Read moreLondon close: Miners and financials lead the way
19th May 2009 16:31
Strength among financial plays and miners guaranteed London gains Tuesday, although it had looked a close call following a weak start on Wall Street. A near-13% slump in US housing starts in April proved a drag mid-afternoon before US stocks regained their poise and moved higher. Anglo American fi
Read moreLondon afternoon: Shares off top after US housing starts shock
19th May 2009 14:15
Alarming US housing starts data looks set to put the kybosh on the prospect of a firm start on Wall Street and has had a knock-on effect in London, where share prices are coming off the top. Marks & Spencer remains the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to
Read moreTechnical Analysis snap: Vodafone slips on lower profits
19th May 2009 13:14
Vodafone today posted a fall in pre-tax profits to £4.2bn, a drop of 50%, after a £5.9bn one-off write-down on its Turkish and Spanish operations. All other figures were in line with expectations. This has caused the share price to slip back from its opening highs of 128.50p. However, over the las
Read moreLondon midday: Equities advance on broad front
19th May 2009 11:53
Risers outnumber fallers by about four to one among Footsie constituents as London's leading shares shrug off disappointing figures from Marks & Spencer to continue yesterday's advance. M&S is the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. I
Read moreFTSE 100 movers: M&S savaged after dividend cut
19th May 2009 11:42
M&S is the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. In a widely anticipated move M&S said it will rebase its dividend payment to 15p a share from the current 22.5p. Brokers were disappointed were the guidance on margins and cautious on pr
Read moreLondon open: Footsie up despite M&S disappointment
19th May 2009 08:48
Footsie has built on yesterday's gains as traders wade through the continuing stream of company results. Marks & Spencer has fallen sharply after it revealed a final dividend cut of a third after the clothes and food retailer saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. M&S said it
Read moreLondon pre-open: More gains expected
19th May 2009 07:50
Footsie is expected to build on yesterday's results as traders wade through the continuing stream of first quarter company results. Marks & Spencer is to cut its final dividend by a third after the clothes and food retailer saw a sharp drop in pre-tax profits. While sales in the year to March 28 we
Read moreSpain write-offs slash Vodafone's profits
19th May 2009 07:16
Heavy one-off charges, principally in Spain, slashed mobile phone Vodafone's annual profit, though the underlying numbers met forecasts. Group revenue for the year to March rose to £41bn, up 15.6%, and on a pro forma basis by 1.3%. Group adjusted operating profit rose by 16.7% to £11.8bn before im
Read moreVodafone targets holidaymakers in price war
15th May 2009 13:54
Tens of thousands of Vodafone customers will be able to leave their mobile phones on while on holiday this summer without having to worry about paying exorbitant charges for receiving a phone call. The mobile phone giant is suspending roaming charges to 45 regions with effect from 15 May until the
Read moreFriday newspaper round-up: Barclays mulls new iShares offer
15th May 2009 06:16
Barclays may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division. The bank is in talks to sell Barclays Global Investors (BGI), which owns the iShares fund management operation, to bidders believed to include BlackR
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