Vodafone and Three days away from announcing a UK merger June 7, 2023 Vodafone and the owner of Three network, CK Hutchison, will announce a long-anticipated merger that will see them become the UK’s biggest mobile operator, according to reports. Talks are now in the final stage and an announcement is expected “as soon as Friday or early next week”, according to reports from Reuters. The new company [...]
The Notebook: Talking down the City? Not a bit of it in this newspaper May 25, 2023 One of the delights of this job is the ability to sit down with people from across the Square Mile and ask them very simple questions. One of the perennials is “what keeps you up at night?” The CEOs you’d really want to work for say “people”. That one who said “the fact we’re going [...]
FTSE 100 close: BT and Burberry slump to bottom of London index as easyJet regains ground May 18, 2023 London’s FTSE 100 kicked higher this today, driven by retailers offsetting a sharp sell off in BT shares after it said it will shed 55,000 workers over the next decade. The capital’s premier index jumped 0.25 per cent to 7,742.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
FTSE 100 close: Vodafone tumbles more than seven per cent after announcing 11,000 job cuts May 16, 2023 London’s FTSE 100 gave up gains today as fresh data yielded tentative signs that the UK workforce is rebalancing and telecoms giant Vodafone tumbled quickly. The capital’s premier index fell 0.34 per cent to 7,751.07 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was [...]
Vodafone’s new CEO says “We’ve not been good enough” as she plots mass job cuts May 16, 2023 Saying "Vodafone must change," Della Valle has said the company is "too complex" and will need radical simplification to deliver.
Vodafone’s new chief under pressure to shine as analysts predict weak annual results May 14, 2023 Vodafone’s new chief Margherita Della Valle will be looking to lay out a convincing vision for the firm on Tuesday as she updates the City with its full year results for the first time in the top job. Della Valle, the former finance chief of Vodafone, has been tasked with breathing life into the FTSE [...]
Vodafone: New chief embarks on Emirati E& partnership, with board seats up for grabs May 11, 2023 Vodafone has announced a strategic relationship with e& – the Emirati telecommunications firm which currently holds 14.6 per cent of its shares. In the deal, E&’s chief executive will join the board and there are provisions included for another member its team team to take a seat should the Emirati firm’s shareholding go above 20 [...]
Vodafone and CK Hutchinson close to merging UK telecoms businesses May 4, 2023 Vodafone and CK Hutchinson are close to agreeing a merger of their UK telecoms businesses, according to reports. The new company would have an enterprise value of £15bn and would be the UK’s largest mobile provider with 28m customers, the Financial Times reported on Thursda, citing people familiar with the matter. The move to combine [...]
Vodafone appoints Margherita Della Valle as new chief executive April 27, 2023 Vodafone has appointed interim chief executive Margherita Della Valle to the top role permanently, the company announced on Thursday. Vodafone’s chair, Jean-François van Boxmeer, said Della Valle was selected after a “rigorous internal and external search.” “Over the last few months as interim group chief executive, the board and I have been impressed with her [...]
An activist spring? Another Vodafone shareholder ups its stake with eyes on board shake-up April 25, 2023 The Abu Dhabi based telecoms company e& has upped its stake in Vodafone and is in talks with the company over potential shifts in its board, media reports said on Tuesday. The investor — which is Vodafone’s largest shareholder — said on Monday that it had opened discussions with Vodafone on April 12 “on a [...]