Vodafone and Liberty Global agree Dutch joint venture
16th Feb 2016 07:19
(ShareCast News) - Vodafone and Liberty Global have agreed to combine their operations in the Netherlands. The London-listed telecoms operator will pay Liberty Global €1bn (£770m) to create a 50:50 joint venture that will merge Vodafone's Netherlands business with Liberty's Ziggo brand, creating a n
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreVodafone still stabilising in third quarter
4th Feb 2016 07:06
(ShareCast News) - Vodafone was still looking to stabilise its operations in the third quarter of the year, posting some organic growth but reported contractions, with particular struggles in Europe. The FTSE 100 mobile network operator said it had a 1.4% increase in group organic service revenue to
Read moreFTSE 100 movers: StanChart leads market lower on Citi note
3rd Feb 2016 15:54
(ShareCast News) - The FTSE 100 was down again on Wednesday, dropping 78.22 points (1.32%) to 5,843.79 by mid-afternoon. Standard Chartered plunged after Citi lowered its target price on the shares of Asia-focused and commodity-exposed lender. The broker described the lender's valuation at 0.5 times
Read moreVodafone confirms talks with Liberty Global over Netherlands JV
2nd Feb 2016 12:31
(ShareCast News) - Vodafone confirmed on Tuesday that it is in discussions with Liberty Global about the possible creation of a joint venture in the Netherlands that would incorporate both companies' local operating businesses. "The discussions are ongoing and do not extend beyond the creation of a
Read moreBroker tips: PZ Cussons, Vodafone, UK banks
26th Jan 2016 13:06
(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The
Read moreJefferies upgrades Vodafone on window of opportunity
26th Jan 2016 09:47
(ShareCast News) - Jefferies has upgraded Vodafone from 'hold' to 'buy', raising its target price from 230p to 250p on what it called a window of opportunity for the telco. The investment bank said the EU mobile sector is benefitting from supportive pricing and the macro economic backdrop. "Easing
Read moreTuesday broker round-up
19th Jan 2016 14:22
(ShareCast News) - Royal Dutch Shell: Cannacord Genuity lowers target from 1,775p to 1,550p and reiterates hold. Burberry Group: Liberum reiterates sell with a 925p target; RBC reiterates neutral yet trims target from 1,300p to 1,275p; UBS up target from 1,400p to 1,500p staying at buy. Tullow Oil:
Read moreSunday share tips: Persimmon, Vodafone, McBride, Telford Homes
3rd Jan 2016 14:47
(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three
Read moreVodafone takes Dutch telecoms incumbent KPN to court
10th Dec 2015 08:06
(ShareCast News) - Vodafone has taken Dutch former state telecoms company KPN to court to claim damages of €115m for anti-competitive behaviour. The FTSE 100 group's local subsidiary Vodafone Netherlands has claimed that KPN's ownership of the telecoms infrastructure in the Netherlands allowed it to
Read moreVodafone launches mobile money transfer service in Ghana
7th Dec 2015 09:29
(ShareCast News) - Vodafone said it is launching its M-Pesa money transfer service in Ghana under the name 'Vodafone Cash'. The service allows people to transfer cash using a mobile phone. Vodafone said 64% of people in Ghana, or 15m people, do not have a bank account. Vodafone said M-Pesa had cont
Read moreVodafone extends roaming partnership with Swisscom
2nd Dec 2015 07:11
(ShareCast News) - Vodafone and Swisscom have extended their partner market agreement by another four years. The FTSE 100 company announced the extension of its agreement on Wednesday, which will allow customers of both networks to enjoy roaming across more than 80 markets. Swisscom will also draw
Read moreWednesday newspaper share tips: Vodafone worth a long-term look
11th Nov 2015 11:10
(ShareCast News) - Vodafone is worth a long-term buy, according to newspaper pundits at The Times and The Telegraph. The FTSE 100 telco's service revenues bounced back in the second quarter as many of Europe's telecoms markets made an encouraging return to growth on the back of surging demand for mo
Read moreFTSE 100 movers: Wolseley downgrade leads market to continue falling
10th Nov 2015 13:45
(ShareCast News) - The FTSE 100 continued to slide on Tuesday, with the market down 15.27 (0.24%) to 6,279.89 by mid-afternoon. Global plumbing supplier Wolseley led the fallers as the company issued its first quarter update. While first quarter revenues were up 5.3% to £3.5bn and trading profits in
Read moreVodafone rejoices in first half return to European growth
10th Nov 2015 07:38
(ShareCast News) - Vodafone service revenues bounced back in the second quarter as many of Europe's telecoms markets made an encouraging return to growth on the back of surging demand for mobile data. A 1.2% increase in organic service revenue in the second quarter, bettered the 0.8% in the first qu
Read more