Vodafone buys Kiwi fixed-line operator
12th Jul 2012 07:30
Mobile phone networks giant Vodafone is extending its reach down under with the acquisition of TelstraClear, the New Zealand business of Telstra, the Australian telecommunications company. Vodafone is paying NZ$840m to get its hands on New Zealand's second largest fixed-lined infrastructure network
Read moreVodafone cited as potential buyer for Telia Sonera assets
11th Jul 2012 16:25
Shares in Vodafone were heading higher in late trading on Thursday with market commentary citing it as one of three possible buyers of Telia Sonera´s stake in Yoigo, along with France Telecom and America Movil. As of 16:25 shares of Vodafone are rising by 1.6% to the 184.55p mark. AB
Read moreSunday share tips: Vodafone, Aviva, Idox
1st Jul 2012 19:01
Writing in today´s Sunday Times Tempus explains how Associated British Foods is one of his solid, defensive picks. Its food brands and its Primark clothing stores are at the cheap and cheerful end of the market, and he suspects the current bounce in the FTSE is not sustainable, and the market will f
Read moreLondon close: Global stocks surge after EU agreements
29th Jun 2012 16:30
- Major breakthrough at EU summit - Equity markets rocket across the globe - Another banking scandal hits Barclays London blue chips rallied on Friday on the back of developments at the EU summit overnight, as analysts hailed the agreements as a major breakthrough. The agreements include: the Euro
Read moreSector movers: Industrial metals stocks advance after EU summit
29th Jun 2012 15:23
Industrial metals and mining companies advanced on Friday afternoon with stocks gaining nearly seven per cent on average as commodities prices advanced on the back of developments in the Eurozone. Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakt
Read moreFTSE 100 movers: Barclays wobbles after 'serious failings'
29th Jun 2012 13:45
Following Barclays's 16 per cent drop yesterday after it was found to have manipulated interbank lending rates, shares were swinging between gains and losses today after the Financial Services Authority (FSA) revealed it has found "serious failings" in the way lenders sold complicated interest rate
Read moreBroker tips: Water stocks, M and S, Vodafone
29th Jun 2012 12:36
UK water stocks - United Utilities, Pennon and Severn Trent - are in 'a sweet spot in current markets', according to UBS which says they provide safe returns and consistent outperformance. "We believe that the UK water companies will remain in a sweet spot for as long as the current lacklustre macr
Read moreLondon midday: Summit developments catch markets by surprise
29th Jun 2012 12:01
- EU leaders announce measures to combat crisis - Spanish, Italian bond yields tumble - Banks involved in another scandal Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakthrough' agreements from the first day of the European Council summit. The
Read moreBroker snap: Jefferies downgrades Vodafone to 'hold'
29th Jun 2012 10:27
Jefferies has downgraded its rating on telecoms giant Vodafone from 'buy' to 'hold' on the back of threats from competitor fightbacks and this company's dependence on Verizon Wireless (VZW). The European smartphone market is not delivering pricing power, according to the broker, which says that cus
Read moreVodafone begins summer price war
29th Jun 2012 09:51
The battle of the roaming tariffs has begun: Vodafone has announced new roaming rates, including internet access, for people travelling to Europe for their summer holidays. Customers in a host of markets, including the UK, Turkey, Italy and Spain will be able to pay a daily fee of €3 or €4 and reta
Read moreFriday broker round-up
29th Jun 2012 09:13
Barclays: Oriel Securities downgrades to hold, target cut from 285p to 200p. Barratt Developments: JPMorgan Cazenove downgrades to neutral, target raised from 135p to 155p. BG Group: UBS cuts target from 1,785p to 1,730p. Corin: N+1 Brewin upgrades to add. Debenhams: HB Markets downgrades to sel
Read moreVodafone's Combes doing a U-turn, sources say
28th Jun 2012 16:11
Michel Combes, the European head of telecoms giant Vodafone, is no longer planning to join SFR, according to those familiar with the matter. Combes is currently working out his notice after resigning from the company and replacements are reported to have been found. The sources, according London
Read moreLondon close: Stocks higher despite soaring Spanish yields
18th Jun 2012 16:42
-Stocks swing between gains and losses on euro crisis -New Democracy wins majority in Greek elections -Spanish yields set euro-era high...again The Footsie ended the day only slightly higher as soaring bond yields in Spain and uncertainty over the situation in Greece weighed on sentiment. There wa
Read moreLondon midday: Stocks edge higher despite euro uncertainty
18th Jun 2012 11:49
- Markets digest Greek elections - Spanish bond yields above seven per cent - Barroso expects coalition to be formed 'swiftly' An underwhelming outcome to the Greek elections and surging bond yields in Spain saw the Footsie swing between gains and losses on Monday morning; by lunchtime, the blue ch
Read moreCable and Wireless takeover on as Orbis concedes
18th Jun 2012 08:35
Orbis, which owns around a fifth of Cable & Wireless Worldwide (CWW) stock, said it would not try to block a takeover bid for the firm by Vodafone. Despite initially saying the offer of 38p a share was too low, Orbis said it now believed the deal was inevitable. It said that it believed Vodafone's
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