|Bid||26.33 x 1800|
|Ask||26.34 x 1200|
|Day's Range||26.30 - 26.46|
|52 Week Range||26.22 - 32.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.79 (6.74%)|
|1y Target Est||35.36|
Vodafone Chief Executive Vittorio Colao will step down in October after 10 years in which he reshaped the world's second-largest mobile operator into a digital communications powerhouse with a string of major deals. As Kate King reports, the fortunes of the world's largest mobile operator contrast with French telecoms group Iliad which saw its shares tumble 16 percent.
May.15 -- Lawrence Hatheway, group chief economist and head of investment solutions at GAM, and Bloomberg's Joe Mayes, discuss changes in leadership at Vodafone. They speak with Francine Lacqua on "Bloomberg Surveillance."
Vodafone Qatar QSC obtained 911 million riyals ($250 million) in financing to help accelerate the phone operator’s fixed-line service rollout and 5G deployment in the country.
fell by their most in almost two years on Friday, down as much as 8.7 per cent after a report said the miner may face a bribery probe by the UK’s Serious Fraud Office over its ties to Israeli billionaire Dan Gertler in the Democratic Republic of Congo. The SFO is planning to seek formal approval for a probe into Glencore’s dealings in the country with its former business partner Mr Gertler, Bloomberg News reported.
LONDON, UK / ACCESSWIRE / May 17, 2018 / If you want access to our free research report on Vodafone Group PLC (NASDAQ: VOD) ("Vodafone"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VOD as the Company's latest news hit the wire. On May 15, 2018, the Company announced that Vittorio Colao, Group Chief Executive Officer (CEO), has decided to exit from the Company by the end of September 2018. The Board has identified Nick Read, Group Chief Financial Officer (CFO), as the successor, and he will take charge as the Group CEO with effect from October 01, 2018.
As prime minister, India’s Narendra Modi has made a high priority of burnishing his county’s rather tarnished image as a welcoming destination for international investment. To that end, New Delhi has focused ...
“Everything needs to change, so everything can stay the same.” Vittorio Colao must be wearily familiar with this maxim from classic Italian novel “The Leopard” after a decade as chief executive of mobile giant Vodafone. With 5G on the way, his successor Nick Read may find change just as constant. When Mr. Colao, a North Italian cycling enthusiast, took the top job in July 2008, he inherited a sprawling empire of mobile-phone assets on five continents.
Vodafone Group PLC Chief Executive Vittorio Colao is set to leave his position after reshaping the world’s second-biggest mobile carrier by subscribers over the past 10 years. The move comes less than a week after the U.K. telecommunications company announced a $23 billion deal to buy operations in Germany, Hungary, Romania and the Czech Republic from cable tycoon John Malone’s Liberty Global. Mr. Colao, a 56-year-old Italian reserve military officer who took over as CEO of Vodafone in 2008, will be replaced by Chief Financial Officer Nick Read on Oct. 1, the company said Tuesday.
The widespread commercialization of autonomous vehicles, also called self-driving cars, relies heavily on the expansion of wireless communications capacity, according to research by Morgan Stanley ( MS), as reported by Barron's.
On Tuesday, May 15, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged lower at the closing bell. All sectors ended Tuesday's trading session in bearish territories. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Technology equities this morning: Altice USA Inc. (NYSE: ATUS), AT&T Inc. (NYSE: T), Telefonica Brasil S.A. (NYSE: VIV), and Vodafone Group PLC (NASDAQ: VOD).
Britain's top share index hit a four-month high on Tuesday as oil majors rallied, though Vodafone's shares struggled after the world's second largest mobile operator said its boss was leaving. The FTSE blue-chip benchmark ended the day up 0.2 percent, while Vodafone's shares fell 4.3 percent, the worst-performing on the index. Vodafone, which also announced its full-year results, said CEO Vittorio Colao, who spent 10 years reshaping the group into a digital communications powerhouse, would be replaced by its current finance director.
Vittorio Colao, the current CEO of Vodafone Group Plc, will be leaving the role behind come October 1, 2018. “Nick has been the co-architect of the Group’s strategy together with Vittorio, combining extensive international operational and commercial leadership with world-class financial acumen,” Gerard Kleisterlee, Chairman of Vodagone Group Plc, said in a statement. Vodafone Group Plc says that Read was chosen as the successor to Colao following an extensive search for a replacement CEO.
Vodafone Chief Executive Vittorio Colao will step down in October after 10 years in which the Italian reshaped the world's second largest mobile operator into a digital communications powerhouse with a string of major deals. The urbane Colao will be replaced by Nick Read, finance director since 2014, whose broad international experience had marked him out as the likely next leader of a group with 536 million mobile customers and 47 billion euros (41.3 billion pounds) in revenue. Last week Vodafone struck a $21.8 billion deal to buy Liberty Global's cable TV and broadband networks in Germany and other markets to strengthen its business in Europe, where 35 percent of its proforma revenue came from fixed line last year.
Vodafone (VOD.L) Chief Executive Vittorio Colao will step down in October after 10 years in which the Italian reshaped the world's second largest mobile operator into a digital communications powerhouse with a string of major deals. The urbane Colao will be replaced by Nick Read, finance director since 2014, whose broad international experience had marked him out as the likely next leader of a group with 536 million mobile customers and 47 billion euros ($56 billion) in revenue. Last week Vodafone struck a $21.8 billion deal to buy Liberty Global's (LBTYA.O) cable TV and broadband networks in Germany and other markets to strengthen its business in Europe, where 35 percent of its proforma revenue came from fixed line last year.
Vodafone Group Plc’s choice of Nick Read as its next chief executive officer suggests the board is looking for more of the same for one of the biggest jobs in European telecoms. Read, a long-time deputy of current CEO Vittorio Colao, will take over in October after four years as CFO and having previously run Vodafone’s emerging markets and U.K. divisions. An accountant by training, Read joined Vodafone in 2001 following senior finance roles at UBM Plc and FedEx Corp.
Vodafone Group was backsliding in Tuesday trade following the release of full-year trading numbers. Instead, market jitters were set in motion after it was announced that company veteran Vittorio Colao, whose leadership over the past decade has seen Vodafone’s global customer base almost double, would be replaced as chief executive in October by current chief financial officer Nick Read. As well as creating questions over the future direction of Vodafone, people are also questioning the appointment of Read given his lack of experience as head with a major listed company.
The boss of Vodafone has just agreed an €18.4bn (£16.1bn) to buy the German and eastern European cable networks owned by America’s Liberty Global, but will leave it to his successor, finance chief Nick Read, to make the deal fly. The urbane Italian, who may have a future in politics, has radically reshaped the business in his time at the helm, pulling back in some areas, notably the US with a $130bn (£96bn) exit from its US joint venture with Verizon, while expanding in others. Vodafone trumpeted that it has, under hin, been “transformed“ from “a consumer focussed 2G/3G mobile operator” to “one of the world’s leading converged communications companies”.
U.S. stock futures were pointing lower on Tuesday, May 15, as investors awaited the next round of trade talks between the U.S. and China to begin in Washington. With the Dow riding an eight-session winning streak, investors might be tempted to book profits Tuesday after the U.S. dollar index, a measure of the greenback's strength against a basket of six global currencies, jumped to 92.75 - the highest level since Dec. 28 - following a sustained move over 3% for the yield on the 10-year U.S. Treasury. The second round of trade talks between the U.S. and China begins Tuesday with the two sides still "very far apart" on key issues such as intellectual property protections and agricultural tariffs, according to Terry Branstad, the U.S. ambassador to China.
U.K. stocks inched higher on Tuesday after a mixed jobs report that was seen as easing pressure on the Bank of England to raise interest rates. The FTSE 100 index (^FTSE) was up 0.2% at 7,727.95, on track for its highest close since late January, according to FactSet data. Sterling has lost almost 5% against the dollar over the past month as expectations of an imminent rate hike dwindled following dovish comments from BOE Gov. Mark Carney and a string of disappointing data.
Vodafone chief executive Vittorio Colao is quitting after 10 years in which he built the business into one of the biggest telecom players in Europe while returning billions to shareholders. Under Colao, Vodafone scrapped sprawling global ambitions, most notably with the $130 billion (£96 billion) sale of its joint venture with US giant Verizon. Over the period, Vodafone became the biggest payer of dividends in the FTSE 100 and therefore a core holding of almost every pension fund.
European stocks swung between small gains and losses on Tuesday, with traders digesting a mixed bag of economic data and a deluge of corporate news.
Vittorio Colao’s 10 years as boss of Vodafone Group Plc. can be split into two acts: pre- and post-Verizon Communications Inc. The years since have been a different story – Vodafone has underperformed all three. The U.S. company has subsequently outperformed Vodafone, but only in the past three years, and investors in the British carrier received Verizon stock as part of the deal, on top of a special dividend.
Vittorio Colao, who helped build Vodafone into one of the world’s largest telecommunications groups, will step down as its chief executive in October after a decade at the helm. Nick Read, chief financial officer, has been promoted to the top job having been groomed as the preferred internal candidate.