Indian spectrum auction a good result for Vodafone, says JP Morgan
27th Mar 2015 11:31
JP Morgan Cazenove has maintained an 'overweight' stance on Vodafone after results from an Indian spectrum auction this week came in better than many had expected. "After 19 days, and 115 rounds of bidding, the Indian spectrum auction has concluded. Interestingly the results seem much more favourabl
Read moreLondon pre-open: Flat start for FTSE expected after sell-off
27th Mar 2015 07:34
London's blue chips were set for a subdued start on Friday as investors pause for breath following a sell-off the previous session. City sources predict the FTSE 100 will open broadly flat on Thursday's close of 6,895.33 after dropping 1.4%. The index has fallen for the last three sessions after hi
Read moreVodafone inks deal to extend services in Botswana
27th Mar 2015 07:11
Vodafone has teamed up with the Botswana Telecommunications Corporation (BTCL) to unveil a new partner market agreement for Botswana. Under the terms of agreement, BTCL will become Vodafone's preferred partner in Botswana and the companies will jointly offer new products and services in the region.
Read moreVodafone closes in on Metroweb deal
19th Mar 2015 18:23
Vodafone has reportedly reached a preliminary agreement to buy a stake in Italian fibre-optic operator Metroweb Italia SpA from investor F2i Sgr SpA. The letter of intent to negotiate a deal had not been made public because it in non0binding and so could fall through. The letter does not contain fin
Read moreThursday broker round-up
19th Mar 2015 15:59
Smiths Group: Charles Stanley downgrades to reduce while Nomura reiterates buy recommendation. Weir Group: Barclays reiterates equalweight and 1,700p target. Prudential: Barclays reiterates overweight and lifts target to 1,868p. Serco: Jefferies reiterates hold but trims target to 185p from 195p.
Read moreOfcom to halve cost of calling another network
17th Mar 2015 08:31
Customers wishing to call a different network or landline from a mobile phone will be able to do so at a fraction of the current price, but not until 2017. On Tuesday, Ofcom said networks will be allowed to charge customers no more than 0.475p per minute for a so-called termination fee - the charge
Read moreBroker tips: Astrazeneca, Vodafone, Housing stocks
16th Mar 2015 11:44
Results from Astrazenca's Pegasus study of its blood-thinning Brilinta treatment received a cool reaction from the market on Monday, though analysts at UBS maintained their positive outlook for the product. The bank, which kept a 'buy' rating and 5,500p target price for the stock, said it still sees
Read moreJPMorgan still upbeat about Vodafone despite FX, India headwinds
16th Mar 2015 11:03
In spite of a number of headwinds facing Vodafone, JPMorgan Cazenove has retained an 'overweight' stance on the stock, saying it still expects a return to revenue growth at the telecoms group in the second half of 2015. The shares have underperformed the wider FTSE and telecoms sector by 5% and 15%
Read moreMorgan Stanley bullish on convergence in UK telco market
10th Mar 2015 12:39
The considerable changes in train in the UK telecoms market has inspired a note from Morgan Stanley, which has identified five meaningful alterations to the landscape and the key consequences of those five changes. Morgan Stanley notes that most large European telecoms markets are consolidating towa
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreFTSE 100 movers: Weir Group up on bid speculation, Miners lower on weak precious metal prices
6th Mar 2015 12:46
Shares in British engineering giant Weir Group rose on the back of market chatter that a cash-rich private equity consortium in the US is looking to table a 2,500p per share break-up offer for the group, compared with current prices at around 1,800p. ITV continued higher on Thursday's raised price t
Read moreLondon pre-open: Slow start expected as investors await US jobs data
6th Mar 2015 07:50
After setting a new record high the previous session, UK stock markets are expected to open on cautious note on Friday ahead of the all-important US jobs report. City sources predict the FTSE 100 will open around five points lower than Thursday's all-time closing high of 6,961.14. Thursday's gains
Read moreWomen get 16 weeks full pay under new pioneering maternity policy at Vodafone
6th Mar 2015 07:33
Telecoms giant Vodafone has become one of the first companies to adopt a mandatory minimum global maternity policy for its employees, giving women at least 16 weeks of full pay after having a baby. The company said its new policy will support over 1,000 women working for the company every year in co
Read moreVodafone should move quickly and acquire Liberty Global, Merrill says
25th Feb 2015 14:54
'Strike while the iron is hot' was the recommendation from analysts at Bank of America-Merrill Lynch to Vodafone's management, recommending the mobile operator buy US cable giant Liberty Global. Competition in the Indian market is heating up, which will weigh on the FTSE 100 company's free cash-flow
Read moreFriday tips round-up: Smith&Nephew, Vodafone
6th Feb 2015 14:26
Orthapaedics manufacturer Smith&Nephew has proved deft at moving into high-growth areas while slashing costs. Nonetheless, the shares are overpriced. Since 2011 the company has splashed out $2.8bn on 15 different acquisitions, moving into areas such as sports medicine, thus reducing its dependency o
Read more