Vodafone in talks to sell US arm - UPDATE
2nd Sep 2013 07:02
Vodafone has confirmed it is in advanced talks with Verizon Communications about selling its stake in their Verizon Wireless joint venture in what would be the world's third-largest deal of all time. The British firm said late on Sunday it was considering selling its 45% interest in Verizon Wireles
Read moreVodafone and Verizon near agreement on wireless unit
1st Sep 2013 22:05
Negotiators for Verizon Communications and Vodafone Group have reached a 130bn dollar deal that will see the US giant gain complete control of its up to now joint-controlled wireless unit, Verizon Wireless, The Wall Street Journal [WSJ] reports, echoing other reports published earlier in the day. U
Read moreSunday newspaper round-up: Vodafone, Carney, Housebuilders
1st Sep 2013 16:48
Vodafone will avoid paying billions of pounds in tax on the sale of its stake in Verizon Wireless, the Sunday Times and other papers said. The sale of the 45% stake, set to be worth about $130bn (£84bn), is likely to be announced on September 3rd. The tax bill has been pared down from earlier estima
Read moreLondon close: Markets extend losses after poor US data
30th Aug 2013 16:45
Moderate losses in early trading on Friday turned into a steep sell-off by the close as markets ended August in a cautious mood following a choppy week. A series of closely-watched economic indicators from the States prompted a negative reaction this afternoon, causing a weak start on Wall Street a
Read moreFTSE 100 movers: G4S continues impressive rebound
30th Aug 2013 14:24
Security solutions group G4S was extending gains made earlier this week when it announced plans to sell assets to reduce its debt pile and issue new shares to help strengthen its balance sheet. G4S has gained by nearly 15 per cent over the last month alone and has now erased all of the losses experi
Read moreLondon midday: Stocks fall as investors await developments in Syria
30th Aug 2013 11:41
Markets were showing moderate losses on Friday morning, pulling back after yesterday's strong gains as concerns about a potential Western military strike in Syria eased slightly. Worries about an imminent intervention in Syria receded yesterday after UK Prime Minister David Cameron lost an initial
Read moreLondon open: Stocks edge lower, Syria and Fed taper in focus
30th Aug 2013 08:33
The FTSE 100 opened slightly lower on Friday morning after yesterday's strong gains as investors continue to await further developments in Syria and speculate about the future of US stimulus. Cautiousness ahead of a three-day weekend in the States could also be having an effect on risk appetite thi
Read moreLondon close: Stocks jump on US data as Syria concerns recede
29th Aug 2013 17:03
Markets finished strongly on Thursday, rebounding after recent falls as concerns over an impending Western intervention in Syria eased slightly and US growth estimates were revised higher. One of London's largest constituents, Vodafone, was providing a lift on the FTSE 100 today on hopes that it ca
Read moreSector movers: Telecoms jump as Vodafone-Verizon talks resume
29th Aug 2013 15:46
Telecoms were the best performers of the day on Thursday as a surge in the price of sector giant Vodafone provided a boost. Vodafone, one of the largest listed companies in London, saw shares rise 8.5% to 205.3p before the close of trade after confirming that it is back in talks with partner Verizo
Read moreFTSE 100 movers: Vodafone, Melrose Industries, WPP
29th Aug 2013 14:08
Vodafone Group was the top riser on the FTSE 100 after confirming it was in talks with Verizon Communications to sell its stake in their Verizon Wireless venture. Melrose Industries surged after the engineering turnaround specialist revealed revenue more than doubled in the first half, boosted by i
Read moreLondon midday: Stocks rise, Vodafone surges on Verizon talks
29th Aug 2013 11:41
The FTSE 100 was registering decent gains on Thursday morning as markets rebounded from recent falls, helped by M&A activity surrounding one of the index's largest constituents, Vodafone, as well as some well-received results from blue chips Melrose and WPP. Markets have been hit this week by conce
Read moreLondon open: Stocks rebound after recent falls, Vodafone jumps
29th Aug 2013 08:36
Strong gains from Vodafone, WPP and Melrose gave markets in London a boost this morning, as stocks rebounded after some recent falls. Markets have been under pressure this week on concerns about a potential Western military intervention in Syria in response to last week's alleged chemical weapons a
Read moreThursday newspaper round-up: Vodafone, Brazil, Serco...
29th Aug 2013 07:47
The Telegraph writes that Verizon has resumed discussions about buying Vodafone's stake in their US joint venture for over 100bn dollars. The paper cites City analysts as saying that the deal could create an 'unrivalled war chest' for the UK telecoms group for making acquisitions, wiping off debt an
Read moreVodafone in talks with Verizon over VZW stake - UPDATE
29th Aug 2013 07:45
Telecoms giant Vodafone on Thursday confirmed it was in discussions with Verizon Communications about the possible disposal of its stake in their joint venture, Verizon Wireless (VZW). The news sent Vodafone's stock to 12-year highs today. It is speculated that Vodafone could receive as much as $1
Read moreLondon pre-open: Small rebound expected early on
29th Aug 2013 07:26
UK markets are expected to open slightly higher on Thursday, following in the footsteps of a decent finish on Wall Street the night before following weakness earlier on in the week. Markets have been pressured lower in recent days on concerns about a potential Western military intervention in Syria
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