UK TELECOMS giant Vodafone is due to announce its full year figures tomorrow. With the tie-up of AT&T and T-Mobile in America it will be interesting how Vodafone’s tie-up with Verizon Wireless fares and how it assesses the implications going forward. WorldSpreads offers a 169.8p-170p spread on Vodafone.
The lacklustre appetite for IPOs and the emergence of MTFs – or alternative execution venues – has made it a torrid time for the London Stock Exchange of late. However a new CEO and a focus on post-trade services delivered a solid set of results at the end of last week, helping push the stock significantly higher as a result. The hope will now be that, assuming the global economy can continue finding traction, the appetite for flotations will pick up, although the spate of mergers we've seen amongst exchanges will keep management busy. Current IG Index price is 844.4p-849.1p
Enterprise Inns reports earnings also tomorrow and it will be interesting if it can bring some cheer to a share price which has been languishing under 100p for nearly three months. There does seem to be support around 92p, and, with analysts expecting the second half of the year to be a positive one for Enterprise, any relative good news in the first quarter results should help lift the shares back towards the £1 level. Spread Co quotes Enterprise Inns at 92.35p-92.74p
The FTSE saw a sharp sell off in the afternoon session on Friday and closed near to the 5,900 level. In the past few days, this area has been a good support level from where it has bounced on several occasions. The falls on Friday could provide yet another buying opportunity. Capital Spreads quotes a price of 5,920.0-5,921.0 for the FTSE 100 index.