Vodafone Group plc LSE&NASDAQ: VOD telefonia komórkowa

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In the corporate sector, Vodafone (LON:VOD) stock fell 1.5% after the mobile operator forecast earnings growth for the current year below market expectations, citing a difficult economic backdrop.

On the flip side, Imperial Brands (LON:IMB) stock jumped 6% with the tobacco giant reporting a marginal increase in first-half sales even after taking a big hit on exiting Russia.

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Credit Suisse (SIX:CSGN) stock rose 1.1% after Reuters reported that the Swiss banking giant has approached at least one Middle Eastern sovereign wealth fund for a capital injection.

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Vodafone shares slide after group cuts full-year outlook amid high energy costs

Investing.com -- Vodafone Group PLC (LON:VOD) has narrowed its annual income guidance after the telecommunications group flagged that soaring consumer prices and elevated energy costs weighed on its half-year performance.

The U.K.-based firm said it now expects to report adjusted earnings before interest, tax, depreciation and amortization after lease of €15.0 - €15.2 billion (€1 = $1.039) in its 2023 fiscal year. It had previously estimated that the figure would register in between €15.0 - €15.5B.

Adjusted free cash flow is also seen at around €5.1B, down from €5.3B.

"Since this guidance was set in May 2022, the global macroeconomic climate has worsened, with energy costs and broader inflation in particular, impacting our financial performance," Vodafone said.

However, in a statement, Group Chief Executive Officer Nick Read said the company is working to mitigate these broader economic headwinds through price hikes across Europe and energy expense reductions.

Meanwhile, analysts at Goldman Sachs noted that the lowered outlook was "well-anticipated."

In the six months ended on September 30, adjusted core profit slid by 2.6% year-on-year to €7.2B, missing analysts' expectations of €7.5B. A 2% uptick in total revenue, buoyed by elevated equipment sales, was offset by weak performance in Germany and higher prior-year comparables in Italy.

Shares in Vodafone fell in early trading on Tuesday.

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Vodafone (LON:VOD) stock rose 1.9% after the struggling U.K.-based telecoms company announced that Chief Executive Nick Read is to step down at the end of the year.

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Vodafone (LON:VOD) stock fell 0.5% after the British telecom group said it had agreed the sale of its Hungarian business to local IT company 4iG (BU:IGNY) and the Hungarian state for €1.7B (€1 = $1.0683).

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In the corporate sector, Vodafone (LON:VOD) stock fell 0.2% after the Financial Times reported that the telecommunications giant is planning to cut several hundred jobs, most of which will be at its London headquarters, to rein in costs.

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Vodafone – The Telecommunications Giant

https://ftsedividends.co.uk/index.php/2 ... ons-giant/

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Vodafone Group added 1.78% after its largest shareholder e& lifted its stake in the firm, and opened talks to push for changes to its board.

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Vodafone was in the red after announcing a strategic relationship with its largest shareholder, Emirates Telecommunications - also known as e& - which will see the company's chief executive take a seat on the board.

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telecoms giant Vodafone slid as it said it expects to post flat earnings next year after reporting a decline in annual profits in a performance described as "not good enough" by its chief executive, who also announced 11,000 job cuts as part of a radical overhaul of the business.

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Vodafone shares fall another 4%, FTSE 100 flat
Vodafone shares have fallen 4% after its new boss admitted the company’s performance had not been good enough.

Margherita Della Valle set out her turnaround plans alongside updated guidance for the 2024 financial year but shares remain under pressure after falling another 3.8p to 86.3p. The widely-held stock has lost a quarter of its value over the past year.

Other blue-chip fallers included Prudential after today’s disappointing figures from China’s retail and industrial production sectors. The insurer, which has pivoted its operations to focus on Asia and Africa, fell 15.5p to 1155.5p.

The FTSE 100 index stood 3.61 points higher at 7781.31 and the FTSE 250 index lifted 3.86 points at 19,262.61.

In the second tier, Greggs shares were broadly unchanged at 2833.9p after its trading update but animal genetics company Genus slumped 10% or 260p to 2308p as it reported a slower-than-expected recovery in China pig prices.

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Also among the day's significant fallers was Vodafone Group, which lost 5.52% as it went ex-dividend.

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Investors beware: Vodafone shares have tanked to a 27-year low, here’s why

https://www.sharesmagazine.co.uk/news/s ... -heres-why

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Vodafone Group (LON:VOD) rallied 4.3% after it reported an acceleration in first-quarter top line growth, driven by strong demand in Britain and improvements in Germany, Italy and Spain

European stocks inch to five-week high, Spain lags on election jitters