US inflation falls to lowest level in more than a year.
VODAFONE today dramatically ousted long-serving company man Nick Read as CEO after becoming frustrated at the pace of change and lacklustre share price under his leadership. While the statement said Read, 58, âhas agreed with the boardâ to step down, the immediate appointment of CFO Margherita Della Valle as interim CEO hints at the discontent. Pointedly, the release to the stock market said Della Valle âwill accelerate the execution of the companyâs strategy to improve operational performance and deliver shareholder valueâ.
The company said it would take 'pricing action' across Europe to mitigate against high energy bills and rising inflation.