EC stops Three acquiring O2 from Telefonica, Hutchinson mulls legal challenge
11th May 2016 11:41
(ShareCast News) - Hutchinson said it may challenge the European Commission's decision on Wednesday to block its subsidiary Three's proposed acquisition of UK mobile network O2 from Telefonica. The EC made its decision due to "strong concerns that UK mobile customers would have had less choice an
Read moreSector movers: Insurers and telecoms lead gains
3rd May 2016 18:06
(ShareCast News) - Insurers led the way higher on Tuesday, boosted by positive coverage from some of the largest brokers, including Barclays and Macquarie. RSA Insurance was the standout gainer on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target t
Read moreOutsourcery dodges knockout thanks to new Vodafone loan
27th Apr 2016 10:25
(ShareCast News) - Outsourcery, the cloud services company set up by former Dragons' Den investor Piers Linney, has agreed a new short-term loan facility with Vodafone in order to give it time to restructure the business. Vodafone, which is the AIM company's principal secured lender, has agreed to p
Read moreTuesday newspaper share tips: Vodafone, Rexam
26th Apr 2016 15:43
(ShareCast News) - Vodafone´s upcoming full-year figures should dispel investors´ doubts about the sustainability of its dividend policy and the high rating accorded to its shares, The Daily Telegraph´s Questor team said. Some observers fret that the shares current price-to-earnings multiple of 40 t
Read moreMonday broker round-up
25th Apr 2016 13:13
(ShareCast News) - Ted Baker: Jefferies upgrades to buy with a 3000p target. Howden Joinery Group: Goldman Sachs upgrades to neutral with a 515p target. Genel Energy: Barclays keeps at overweight with a target price of 115p and Canaccordreiterates speculative buy with a target of 165p. Royal Dutch
Read moreVodafone's patient strategy paying off, Citi says
25th Apr 2016 10:55
(ShareCast News) - Vodafone's operational gearing was set to improve, boosting the cover for the firm's dividend payments starting from fiscal year 2018, Citi argued. In a research note sent to clients ahead of the telecoms operator's preliminary results, due out on 17 May, Citi analyst Simon Weeden
Read moreVodafone hits 25m active users for mobile money product
25th Apr 2016 07:10
(ShareCast News) - Vodafone's mobile money transfer business has exceeded 25m active users across Africa, Asia and Europe. The FTSE 100 mobile giant said active customer numbers for the service that enables customers with limited access to bank accounts to send and receive money or pay bills increas
Read moreJefferies downgrades BT on impaired visibility
20th Apr 2016 09:23
(ShareCast News) - Jefferies downgraded BT Group to 'hold' from 'buy' and cut the price target to 475p from 515p, pointing to impaired visibility. The bank said BT's outlook is increasingly uncertain, with more elements outside management control. Jefferies said the positive stance it had establish
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
Read moreMonday newspaper round-up: Interest rates, Cameron, Daily Mail
11th Apr 2016 07:21
(ShareCast News) - Negative interest rates risk hitting consumer spending and undermining the economic growth they are intended to encourage, the head of the world's largest asset management group has warned. Larry Fink, chief executive of BlackRock, said that not enough attention was being given to
Read moreVodafone's veteran dealmaker Finegold to retire from board
30th Mar 2016 09:04
(ShareCast News) - Vodafone's veteran dealmaker Warren Finegold will retire at the end of June, after a glittering history with the company that began when he advised on the mobile group's initial public offering in 1988 when at Goldman Sachs. But Finegold, currently group business development direc
Read moreMobile contract switching made easier under new Ofcom proposals
23rd Mar 2016 10:50
(ShareCast News) - For UK mobile users, moving to a new contract and keeping your existing number will become quicker and easier under new rules proposed by the telecoms regulator on Wednesday. Ofcom said it wanted to make mobile switching quicker and simpler to help support competition in the marke
Read moreVodafone extends partner market agreement with SFR
22nd Mar 2016 12:55
(ShareCast News) - Vodafone has renewed its partner market agreement for France with SFR for another four years to 2020. The renewed agreement builds on the "successful partnership" between the two companies in France since 2002 and will ensure SFR's corporate and consumer customers continue to bene
Read moreVodafone and Liberty Global JV credit positive, says Moody's
22nd Feb 2016 14:08
(ShareCast News) - Vodafone's joint venture with Liberty Global in the Netherlands is credit positive for the FTSE 100 company and Ziggo, Moody's Investors Service said. Last week, the companies announced that Vodafone will pay Liberty €1bn to create a 50:50 JV that will merge the London-listed tele
Read moreVodafone launching £2.9bn bond offer
18th Feb 2016 07:39
(ShareCast News) - Vodafone was looking at a £2.9bn fundraise on Thursday, through the issue of mandatory convertible bonds. The FTSE 100 telco said the bonds would be issued in two tranches - 18 month maturity and three year maturity. They would be convertible into ordinary shares, in which case th
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