As it happened: Stocks rise; oil falls after Trump pauses Iran strikes Markets Welcome back to the City AM FTSE 100 liveblog. It’s Monday and the FTSE 100 has made a positive start to the week, gaining more than 70 points on the market open after oil prices began to fall from last week’s two-month highs. Brent crude, the international benchmark for oil prices, slipped to $90.58 in early trading [...]
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 takes full control of Three in £4.3bn deal Telecoms Vodafone is to take full ownership of Vodafone Three for £4.3bn in the latest twist in the blockbuster merger between two of Britain’s largest mobile networks. The FTSE 100 telecoms giant said it will buy out the 49 per cent stake held by CK Hutchison, the Chinese owner of Three, to give it full control [...]
Vodafone shares slump as headwinds grow in key German market February 4, 2025 Vodafone shares have plunged more than six per cent in early trade this morning after the FTSE 100 giant reported its third-quarter results. While the group reported overall service revenue growth of 5.2 per cent in the third quarter, beating the average analyst estimate of 4.2 per cent, it noted the migration of 1&1 customers [...]