Vodafone launches new M-Pesa service in Kenya
27th Nov 2012 08:20
Vodafone, the telecoms giant involved in the development of the M-Pesa service in Africa, has announced that from Tuesday 27th the service's Kenyan customers will have access to interest bearing saving accounts and have the ability to take out small loans through a new service, called M-Shwari. The
Read moreLondon close: Footsie rallies in afternoon trade
21st Nov 2012 16:30
- Greek aid agreement expected next week - Trading expected to be light tomorrow - Johnson Matthey tumbles six per cent after gloomy outlook The FTSE 100 opened on the back foot on Wednesday morning after the initial disappointment regarding a delay in funds to Greece; however comments by Eurozone
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreLondon close: Footsie at two-month low on global uncertainty
15th Nov 2012 16:31
- FTSE 100 at lowest level since early September - US, Eurozone and UK data disappoints - BP reaches settlement with US DoJ Political uncertainty and disappointing economic figures the world over weighed heavily on UK stock markets today, pushing the FTSE 100 close to its lowest levels since early
Read moreVodafone CEO refuses to rule out sale of Verizon Wireless
15th Nov 2012 14:26
Vodafone Chief Executive Officer, Vittorio Colao, has said that he won't rule out selling its 45 per cent stake in Verizon Wireless, according to reports on Bloomberg. Speaking at a conference in Barcelona, Colao denied that Vodafone relies on Verizon Wireless dividends to fund payouts to his share
Read moreVodafone wins 14 licences in Indian 2G auction
15th Nov 2012 13:15
Telecoms giant Vodafone says its Indian subsidiary has been awarded spectrum licences in 14 mobile phone service areas in the Indian government's 1800 megahertz (MHz) spectrum auction. Vodafone India bid successfully for 2.5MHz of spectrum in Madhya Pradesh, Uttar Pradesh West, Haryana, Orissa, Nor
Read moreBroker tips: Vodafone, AMEC, Johnson Matthey
14th Nov 2012 11:27
UBS has reiterated its 'buy' recommendation for telecoms firm Vodafone in spite of some disappointing second-quarter trends in Europe, as it remains upbeat about the Verizon Wireless (VZW) contribution to the group. "Again cuts to European forecasts are offset by a rise in the associate contributio
Read moreBroker snap: Vodafone divi could provide excitement, says UBS
14th Nov 2012 09:45
UBS has reiterated its 'buy' recommendation for telecoms firm Vodafone in spite of some disappointing second-quarter trends in Europe, as it remains upbeat about the Verizon Wireless (VZW) contribution to the group. The broker said that consolidated trends at Vodafone were worse than expected in th
Read moreWednesday Broker round-up UPDATE
14th Nov 2012 07:24
Anglo American: Deutsche Bank reduces target price from 2700p to 2600p, buy recommendation unchanged. Chemring: Credit Suisse reduces target price from 330p to 210p, neutral rating kept. CRH: UBS raises target price from 1110p to 1140p, neutral rating unchanged. Daily Mail and General Trust: Deut
Read moreLondon close: Stocks stage late rally but sentiment still fragile
13th Nov 2012 16:57
- Greece granted two more years to meet target - German sentiment worsens in November - ITV soars nine per cent after third-quarter figures A positive start on Wall Street prompted a rally for equity markets this side of the Atlantic on Tuesday afternoon, as investors temporarily shrugged off conce
Read moreFTSE 100 movers: ITV soars after beating market expectations
13th Nov 2012 14:59
Shares in ITV leapt after the broadcaster beat market expectations, despite net advertising revenue falling in the third quarter. NAR for the 'ITV Family' was down 10% in July, down 9% in August and down 1% in September, after taking a hit from the Olympics and Paralympics, which were shown on the B
Read moreLondon midday: Stocks drop after 'inconclusive' Eurogroup meeting
13th Nov 2012 11:46
- Greece granted two more years to hit targets - German ZEW surprises to the downside - UK inflation picks up in October The Footsie was stuck firmly in negative territory on Tuesday morning as worries about Greece's finances continue to weigh on sentiment, following the Eurogroup meeting yesterday
Read moreLondon open: Stocks drop as Greece given more time
13th Nov 2012 08:29
Concerns about Greece continued to weigh on sentiment on Tuesday morning, causing the FTSE 100 index to fall sharply in early trading. Meanwhile, there was news that China is "actively studying" the expansion of the property tax programme on concerns that transaction volumes and home prices could i
Read moreVodafone guides lower on cash flow - UPDATE
13th Nov 2012 07:11
Telecoms giant Vodafone has plunged into the red after guiding lower on its adjusted free cash flow for the year (although at first glance the 2014 cash flow target seems intact) and after unveiling a share repurchase plan, instead of the expected "pass -through" of Verizon Wireless´s special divid
Read moreTuesday preview: Vodafone, ITV
12th Nov 2012 15:56
Interim figures from mobile phone and telecoms giant Vodafone are due out on Tuesday morning, and the market will be looking out for signs of how the macroeconomic and competitive pressures in southern Europe - as highlighted in the first-quarter trading update - have affected revenue. Organic serv
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