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 [...]
Millions of low income households are overpaying for their broadband, says Ofcom April 24, 2023 More than half of low-income homes who qualify for cheaper broadband tariffs are missing out on the deals, according to the UK communications regulator. Only 220,000 households were on a social tariffs as of February 2023, meanwhile 53 per cent of people receiving benefit payments were completely unaware of cheaper deals, Ofcom revealed in a [...]
Now you can Tweet again from the tube as Vodafone reintroduces wifi on the London Underground April 3, 2023 London commuters on Vodafone will be able to stay online for longer, as the network announces wifi it has been reintroduced to the Underground system. Vodafone’s 4G and 5G networks will once more be available on London Underground connected to the BAI Communications service platform, in response to a rise in demand for connectivity, according [...]
Broadband firms urged to cancel ‘exorbitant’ mid-contract price hikes for vulnerable customers March 21, 2023 Broadband firms have been urged to cancel “exorbitant” mid-contract price rises for vulnerable customers less than two weeks before they are due to take effect. Millions of broadband and mobile phone customers can expect to face monthly bill increases of at least 14 per cent from April. Providers often link their annual price rises to [...]