Vodafone shares jump as French telecoms tycoon becomes top shareholder Telecoms Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group from UAE-backed e& and became its largest shareholder. The deal will see Niel’s investment vehicle, Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per [...]
Vodafone picks Microsoft exec for £2m finance chief role telecoms Microsoft exec Pilar López is to join Vodafone as its new chief financial officer, the telco giant said on Thursday. López replaces Luka Mucic, the company’s shortest-serving CFO, who is leaving in November for a position as chief executive of the real estate developer Vonovia. She held several positions at Microsoft including as its Western [...]
Vodafone launches next stage of £3.4bn shareholder value return plan Tech Vodafone has launched the next stage of its share repurchase programme worth up to €500m (£430m). In March, the firm said it would return €4bn (£3.4bn) to shareholders as part of a broader capital allocation review in an attempt to appease jittery shareholders following asset sales. It kicked off the return in May with an [...]
Vodafone posts solid gains as chief Della Valle drives turnaround strategy July 25, 2024 The telco said it is still waiting for the competition regulator to rule on whether its proposal to merge its UK operations with those of Three is allowed.
Struggling Vodafone and BT to update the City on turnaround efforts May 13, 2024 A highly competitive market, heavy debts, tight regulation and dividend cuts are to blame for Vodafone and BT's poor performance.