London open: Footsie extends gains as Vodafone jumps
6th Mar 2013 08:58
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 2007, before the financial crisis ripped through
Read moreVerizon seeks to resolve relationship with Vodafone
6th Mar 2013 08:20
As recently as this past month of December US telecommunications giant Verizon Communications and UK peer Vodafone held talks aimed at thrashing out a full combination of their operations. Those however broke down when it came time to decide on the 'details' of any such arrangement, such as leaders
Read moreVodafone making progress on strategic alliance with Towers Watson
5th Mar 2013 08:47
Telecoms giant Vodafone said Tuesday that it and Towers Watson, a global professional services company, are 'moving forward' with a strategic alliance to fast-track the development and introduction of telematics usage-based insurance offerings for motor insurance companies operating outside of North
Read moreVodafone halts plans to bid for Kabel Deutschland takeover
27th Feb 2013 09:16
Vodafone Group is said to have halted plans to approach German cable operator Kabel Deutschland about a takeover bid, according to Bloomberg. Vodafone was understood to be planning to put forth an offer after Kabel released its earnings results last week. However, talks were put on hold as leaks
Read moreSunday newspaper round-up: RBS, BP, Vodafone
24th Feb 2013 13:24
The US government and Gulf Coast states are reportedly considering offering BP a deal under which the company will pay 16bn dollars to settle civil suits stemming from the 2010 Deepwater Horizon disaster. The deal would cover the company's potential penalties under the Clean Water Act and payments u
Read moreThyssenkrupp doubles Vodafone contract volume
22nd Feb 2013 09:10
FTSE 100-listed telecommunications giant Vodafone has been selected by ThyssenKrupp to provide mobile communications services in Germany and 29 other countries across Europe, Latin America and the Asia-Pacific region. Under the terms of the agreement, Vodafone will provide the steel maker with 60,0
Read moreKabel Deutschland has open mind about Vodafone bid, sources say
21st Feb 2013 15:00
Kabel Deutschland is keeping an 'open mind' about a potential takeover bid from Vodafone, according to reports Thursday. Vodafone was expected to put forth an offer for Kabel as early as this week after the German cable operator revealed on Wednesday it doubled its net profits to €200m for the nine
Read moreVodafone lines up white knight in bid for Kabel Deutschland
21st Feb 2013 10:34
Vodafone is said to be lining up a 'white knight' to back its rumoured bid for Germany's largest cable operator Kabel Deutschland. The telecommunications company is expected to present an offer as early as this week after Kabel revealed on Wednesday it doubled its net profits to €200m for the nine
Read moreLondon close: Stocks gain as BoE divided on QE
20th Feb 2013 16:40
Gains were trimmed by the close of trade on Wednesday as heavy falls in the insurance and mining sectors partially offset earlier optimism about further stimulus from the Bank of England (BoE). RSA Insurance was leading the fallers on the FTSE 100 after a surprise cut to its dividend, while preciou
Read moreLondon midday: Footsie breaches 6,400 on stimulus hopes
20th Feb 2013 11:41
The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases. London's benchmark index hit an intraday
Read moreKabel Deutschland doubles profits amid Vodafone takeover bid
20th Feb 2013 08:46
Germany's largest cable operator Kabel Deutschland released its latest earnings report Wednesday amid reports Vodafone will approach the company about a takeover bid. Vodafone was said to be waiting for the results before kicking off talks as early as this week. Kabel should seem more attractive
Read moreLondon open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreVodafone UK edges closer to launching ultra-fast 4G mobile
20th Feb 2013 07:35
Telecommunications giant Vodafone has edged a step closer to launching an ultra-fast mobile phone after it acquired a range of low frequency mobile phone spectrum. Mobile phone spectrum is a technical term referring to the part of electromagnetic spectrum which corresponds to radio frequencies. M
Read moreLondon close: Footsie gains one per cent on German ZEW, M&A activity
19th Feb 2013 17:00
The FTSE 100 jumped one per cent on Tuesday after a better-than-expected reading of German confidence and increased M&A activity in the US. The ZEW Institute's index, which measures economic sentiment in the Eurozone's largest economy, surged to 48.2 in February, ahead of last month's reading of 31
Read moreSector movers: Vodafone drags telecoms lower after downgrade
19th Feb 2013 16:23
Mobile-phone network operator Vodafone was weighing on the mobile telecommunications sector on Tuesday after the stock was hit by a downgrade from Berstein. The US broker cut its rating for Vodafone from 'market perform' to 'underperform' and reduced its target price from 170p to 135p, citing conce
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