VOD.L announced a cash dividend of 4.50 with an ex-date of Jun. 8, 2023
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||2.21|
|Earnings Date||May 16, 2023|
|Forward Dividend & Yield||0.08 (9.68%)|
|Ex-Dividend Date||Jun 08, 2023|
|1y Target Est||1.04|
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Philip Jansen, BT’s chief executive, told investors that “yes, it’s painful now” — referring to the company’s high expenditure on infrastructure upgrades and successive quarters of falling cash reserves. Earlier this month, BT and Vodafone, Britain’s second-largest telecoms operator, announced major restructuring plans, including about 60,000 job cuts across the two groups over the next few years. BT said it would reduce its headcount by up to 42 per cent by the end of the decade as its fibre build draws to a close and thousands of jobs become automated, while Vodafone said it would slash roughly 12 per cent of its global workforce over the next three years by simplifying its operations.
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LONDON (Reuters) -When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. Della Valle, an Italian who joined Vodafone in 1994 and had been its chief financial officer since 2018, vowed on Tuesday to cut 11,000 of 90,000 jobs and speed up the delivery of new offers by giving local country bosses greater autonomy.
Sales and profits forecasts from City analysts play an important role in determining share prices. It now expects to make earnings per share of up to €9.90, compared with €5.47 last year. Its share price duly jumped.
BT's London-listed stock ([BT.A](https://www.wsj.com/market-data/quotes/UK/XLON/BTA)) fell nearly 8% Thursday after the U.K. telecom major gave a financial update that disappointed investors and said it would reduce its workforce by as much as 42%, or about 55,000 workers, by the end of the decade.
Much of the continent has so far avoided what had seemed like an inevitable recession amid the Ukraine war. Large companies have been shedding staff, but most of the layoffs haven’t been large-scale.
Vodafone Group Public Limited Company (NASDAQ:VOD) Q4 2023 Earnings Call Transcript May 16, 2023 Margherita Della Valle: Good morning, everyone, and thank you for joining me for our Full Year Results. Our challenge today, as you see in our results is that three of our largest markets have declining revenue and our returns are still […]
Vodafone chief Margherita Della Valle has admitted the struggling telecoms giant “must change” as she announced plans to cut 11,000 jobs and improve customer service.
Home Depot shares slumped after the home-improvement chain cuts fiscal-year guidance, Berkshire Hathaway initiated a position in Capital One Financial, and the Federal Trade Commission filed a lawsuit to block Amgen's roughly $28 billion acquisition of Horizon Therapeutics.
Vodafone’s new boss has announced the biggest set of job cuts in the telecom group’s history, pledging to draw a bold line under its past and to simplify a business that has come under criticism for its centralised decision-making and byzantine structure. “Make no mistake, you will see the numbers turning from here,” Margherita Della Valle, who took over as chief executive of the UK-based company last month, told the Financial Times. Meanwhile, a pack of foreign investors have bought more than a fifth of the company’s shares over the past year, taking advantage of a languishing share price.
Home Depot shares slump after the home-improvement giant cuts fiscal-year guidance, Berkshire Hathaway initiates a position in Capital One Financial, and the Federal Trade Commission files a lawsuit to block Amgen's roughly $28 billion acquisition of Horizon Therapeutics.
Benzinga Former SVB Chief Blames Fed, Media Hype For Bank's Devastating Collapse Greg Becker, the former CEO of SVB Financial Group, the parent company of Silicon Valley Bank, attributed the bank's collapse to a combination of factors, including rapid rate hikes by the Federal Reserve and negative sentiment amplified by social media. This marks the first public statement by Becker since SVB was placed into receivership on March 10. In a written testimony for a U.S. Senate Banking Committee heari
Vodafone Group Plc (NASDAQ: VOD) stock dropped on Tuesday after sharing dismal preliminary FY23 results. Vodafone reported revenue growth of 0.3% YoY to $49.05 billion, missing the consensus of $49.73 billion, driven by growth in Africa and higher equipment sales, offset by lower European service revenue. The telecom firm posted an adjusted EPS of $0.12, missing the consensus of $1.15. The Group service revenue grew by 2.2% Y/Y to $40.75 billion. Operating profit expanded by 145.9% Y/Y to $15.34
Yahoo Finance Live discusses a drop in shares of British telecommunications company Vodafone after the company announced 11,000 job cuts over the course of three years..
Wireless carrier Vodafone said Tuesday that it's laying off 11,000 workers as part of a major revamp aimed at cutting costs and boosting flagging financial performance. Vodafone, one of the world’s biggest mobile phone companies by subscribers, made the announcement as it reported that its annual earnings dropped 1.3% and forecast little or no earnings growth over the financial year. "The circumstances of our industry and the position of Vodafone within it require us to change,” CEO Margherita Della Valle said.
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.
Vodafone plans to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle warned that the telecoms group “must change” to end a period blighted by poor performance in its largest market and a slumping share price. The cuts will come both at Vodafone’s UK headquarters and in local markets, the group said on Tuesday, as it published full-year results that fell short of analysts’ expectations. “Our performance has not been good enough,” said Della Valle, who was made permanent chief executive last month after serving as interim boss following the departure of Nick Read at the end of last year.
Investing.com -- Shares in Vodafone (LON:VOD) slipped on Tuesday, slumping to their biggest intraday fall since November, after the British telecoms group unveiled forecasts for its 2024 fiscal year that were below projections.
LONDON (Reuters) -New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs globally over three years to help the telecoms group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow. Shares in Vodafone, which has underperformed rivals in its major European markets, fell to their lowest level since 2002, and were trading down 9% by mid-afternoon. The job cuts are the biggest in the history of Vodafone, which employs 90,000 people directly across Europe and Africa.
For a company that has spent the last 20 years lost in a sort-of corporate no-man's land, Vodafone has no shortage of admirers.
The chief executive of the United Arab Emirates’ state-owned telecoms company is to join Vodafone’s board in a move that will deepen national security concerns about one of Britain’s critical infrastructure providers.
Vodafone Group on Thursday said the chief executive of its largest shareholder, Emirates telecoms group Etisalat, also known as e&, would join its board as the two companies agreed to deepen their strategic relationship. The British company said e& CEO Hatem Dowidar would stay on its board for as long as e& maintained its current 14.6% stake and it would be able to nominate a second non-executive director if its shareholding exceeded 20%. The group has said it is open to increasing its stake in Vodafone.
(Bloomberg) -- Vodafone Group Plc said that the chief executive officer of Emirates Telecommunications Group Company PJSC, its biggest shareholder, will join the board as its Emirati backers gain more sway over the company’s strategy. Most Read from BloombergHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsUS Inflation Shows Signs of Moderating, Givin
Vodafone’s talks to merge its UK business with that of Chinese-owned rival Three face an “extremely difficult” conclusion amid calls for any deal to be investigated on national security grounds.
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