http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Fri, 24 Nov 2017 16:50:10 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Publication of Final Terms ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171117123918_13435896/ Fri, 17 Nov 2017 12:39:18 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171117123918_13435896/ <![CDATA[RNS press release - Conclusion of share buy-back programme ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171116125757_13434416/ Thu, 16 Nov 2017 12:57:57 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171116125757_13434416/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171116070004_13433345/ Thu, 16 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171116070004_13433345/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171115103121_13432387/ Wed, 15 Nov 2017 10:31:21 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171115103121_13432387/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171115070003_13431683/ Wed, 15 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171115070003_13431683/ <![CDATA[RNS press release - Publication of Suppl.Prospcts ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171114143805_13431340/ Tue, 14 Nov 2017 14:38:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171114143805_13431340/ <![CDATA[News - Vodafone shares jump as it lifts full year guidance after first half profits grow ]]> http://www.proactiveinvestors.co.uk/companies/news/187216/vodafone-shares-jump-as-it-lifts-full-year-guidance-after-first-half-profits-grow-187216.html Vodafone PLC (LON:VOD) rallied as it raised its full year earnings guidance after reporting an increase in first half profit and organic revenue.

The telecoms giant now expects organic adjusted underlying earnings (EBITDA) to rise 10% in the year, implying a range of €14.75 - €14.95bn, compared to a previous forecast of 4-8% growth. 

READ: Vodafone sells mobile phone towers in India to American Tower

The new estimates were ahead of the consensus forecast for 7% growth, sending shares up 5.12% to 226.95p in afternoon trading. 

The company said the improved outlook reflected stronger-than-expected underlying revenue growth in Europe and a later-than-expected commercial launch of a new entrant in Italy.

First half earnings rise

In the six months to 30 September, Vodafone reported a 13% increase in organic adjusted EBITDA to €7.4bn as the adjusted EBTIDA margin improved by 2.5 percentage points to 32%.

Excluding the impact of net roaming declines in Europe and the benefits in the UK from the introduction of handset financing and regulatory settlements, organic adjusted EBITDA increased 9.3%.

Organic service revenue rose 1.7% in the first half, driven by mobile data and broadband.

The second quarter saw a slowdown in organic service revenue growth to 1.3% from 2.2% in the first quarter, reflecting tough comparatives and a lower contribution from carrier services in the Africa, Middle East and Asia Pacific region.

Total revenue hit by deconsolidation of Dutch arm

Total revenue for the first half fell 4.1% to €23.1bn, with the group blaming the deconsolidation of its Vodafone Netherlands and foreign exchange headwinds.

The telecoms giant said its joint venture between Vodafone Netherlands and Ziggo, in which it owns a 50% stake, was hit by intense price competition in its mobile operations.

READ: Vodafone takes aim at BT through lightning fast telecoms network deal with CityFibre

The India division was also hurt by price competition, resulting in continued losses and lower revenues, but this was excluded from the group's first half figures.

Vodafone announced in March that it was merging its loss-making Indian mobile phone business with Idea Cellular after failing to list the unit.

On Monday, the company said it has agreed to sell ATC Telecom Infrastructure, a joint venture between Vodafone India and Idea that includes a network of 20,000 mobile phone towers across the country, to American Tower Corp. for 78.5bn rupees.

“In India competition remains intense,” said Vodafone chief executive Vittorio Colao.

“There are however signs of positive developments in the Indian market, with consolidation of smaller operators and recent price increases from the new entrant. We are making good progress in securing regulatory approvals for our merger with Idea Cellular and in monetising our tower assets.”

Expansion continues

Colao added that in the second half of the year the company will continue to implement strategic initiatives, including fibre infrastructure expansion in Germany, Portugal and the UK along with its entry into the consumer internet of things (IoT) market.

Vodafone in October announced that it launched "V by Vodafone" network, allowing consumers to connect home and leisure electronics products to its dedicated global IoT network.

Last week, the company unveiled a partnership with CityFibre to install one million new ultrafast connections in 12 cities by 2021 with a possible extension to cover five million homes by 2025. The project could prove a challenge for Openreach, which owns most of the UK's fibre network, and cable operator Virgin Media.

Vodafone hikes dividend, UBS repeats 'buy' rating

Vodafone raised its interim dividend by 2.1% to 4.84 euro cents as the group achieved free cash flow of €1.3bn, compared to a decline of €0.1bn the same period a year ago.

Net debt rose to €32.1bn at the end of September from €31.2bn at the end of March, as free cash flow and net proceeds from the sale of shares in South African mobile company Vodacom were offset by the payment of last year's final dividend of €2.6bn.

UBS reiterated a 'buy' rating and target price of 270p on the stock, saying it believes Vodafone is "too cheap", offering an 8% calendarised free cash flow yield for 2018 and a 6% dividend yield.

"We think consensus organic service revenue trends for Q3 will be similar to Q2 but should improve in Q4 as regulatory drag drops away.

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Tue, 14 Nov 2017 08:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187216/vodafone-shares-jump-as-it-lifts-full-year-guidance-after-first-half-profits-grow-187216.html
<![CDATA[RNS press release - Half-year Report ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171114070005_13430173/ Tue, 14 Nov 2017 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171114070005_13430173/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171114070003_13430121/ Tue, 14 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171114070003_13430121/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171113070003_13428508/ Mon, 13 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171113070003_13428508/ <![CDATA[RNS press release - Vodafone India & Idea - Sale of Standalone Towers ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171113070002_13428467/ Mon, 13 Nov 2017 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171113070002_13428467/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171110070002_13426976/ Fri, 10 Nov 2017 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171110070002_13426976/ <![CDATA[News - Vodafone takes aim at BT through lightning fast telecoms network deal with CityFibre ]]> http://www.proactiveinvestors.co.uk/companies/news/186998/vodafone-takes-aim-at-bt-through-lightning-fast-telecoms-network-deal-with-cityfibre-186998.html Telecoms giant Vodafone PLC (LON:VOD) and AIM-listed CityFibre (LON:CHFL) are joining forces to build a new ultra-fast broadband network for 5mln homes and businesses in the UK.

The fibre–optic FTTP (fibre-to-the- premises) network will be capable of carrying one gigabit (I,000 mbps) of data to the door of the user.

CityFibre will build, own and operate the network with Vodafone having exclusive rights to market ultrafast consumer broadband services for a set period.

Moving towards 'full fibre'

In the initial phase, costing £500mln, one million homes in twelve cities currently supplied by CityFibre will be upgraded. The agreement has an option to expand this to five million homes by 2025.

Broadband speeds are a huge source of frustration for UK consumers, with BT and telecoms regulator Ofcom at loggerheads over the speed that the traditional copper network is being upgraded.

Vodafone said the partnership with CityFibre represented “one of the most significant developments in UK telecommunications since the launch of ADSL broadband around 17 years ago”.

The new network would deliver 50% of the UK government's target of 'full fibre' to 10mln homes and businesses as well as providing high-capacity backhaul connections required for the next generation of 5G mobile services.

Significant development?

In a dig at BT, Vodafone added the new network would provide a superior product at a lower cost and better service than the legacy copper telephone line broadband network.

Greg Mesch, CityFibre’s chief executive,  said the partnership would unlock the UK's full fibre future and establish an unassailable wholesale infrastructure position across 20% of the UK broadband market. 

Nick Jeffery, Vodafone UK chief executive added: “The UK has fallen far behind the rest of the world, trapped by the limited choice available on legacy networks. “

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Thu, 09 Nov 2017 08:40:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/186998/vodafone-takes-aim-at-bt-through-lightning-fast-telecoms-network-deal-with-cityfibre-186998.html
<![CDATA[RNS press release - VODAFONE & CITYFIBRE STRATEGIC PARTNERSHIP ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171109070011_13425558/ Thu, 09 Nov 2017 07:00:11 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171109070011_13425558/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171109070004_13425418/ Thu, 09 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171109070004_13425418/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171108070004_13423852/ Wed, 08 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171108070004_13423852/ <![CDATA[RNS press release - "V by Vodafone" brings IoT expertise to consumers ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171107070006_13422385/ Tue, 07 Nov 2017 07:00:06 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171107070006_13422385/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171107070004_13422313/ Tue, 07 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171107070004_13422313/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171106070003_13420735/ Mon, 06 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171106070003_13420735/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171103070101_13419239/ Fri, 03 Nov 2017 07:01:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171103070101_13419239/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171103070003_13419162/ Fri, 03 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171103070003_13419162/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171102070004_13417535/ Thu, 02 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171102070004_13417535/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171101111618_13416593/ Wed, 01 Nov 2017 11:16:18 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171101111618_13416593/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171101070004_13415702/ Wed, 01 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171101070004_13415702/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171031070003_13413947/ Tue, 31 Oct 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171031070003_13413947/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171030070003_13412402/ Mon, 30 Oct 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171030070003_13412402/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171027070002_13410807/ Fri, 27 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171027070002_13410807/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171026070003_13409355/ Thu, 26 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171026070003_13409355/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171025070003_13407806/ Wed, 25 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171025070003_13407806/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171024070003_13406264/ Tue, 24 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171024070003_13406264/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171023070003_13404689/ Mon, 23 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171023070003_13404689/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171020070002_13403836/ Fri, 20 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171020070002_13403836/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171019070003_13401598/ Thu, 19 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171019070003_13401598/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171018070003_13400165/ Wed, 18 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171018070003_13400165/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171017070003_13398418/ Tue, 17 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171017070003_13398418/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171016070003_13396964/ Mon, 16 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171016070003_13396964/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171013070002_13395493/ Fri, 13 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171013070002_13395493/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171012070002_13394015/ Thu, 12 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171012070002_13394015/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171011070002_13392466/ Wed, 11 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171011070002_13392466/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171010070002_13391083/ Tue, 10 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171010070002_13391083/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171009070003_13389509/ Mon, 09 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171009070003_13389509/ <![CDATA[RNS press release - Vodafone announces new brand positioning strategy ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171005070005_13386612/ Thu, 05 Oct 2017 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171005070005_13386612/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171005070003_13386544/ Thu, 05 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171005070003_13386544/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171004070004_13385004/ Wed, 04 Oct 2017 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171004070004_13385004/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171003070003_13383379/ Tue, 03 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171003070003_13383379/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002111119_13382483/ Mon, 02 Oct 2017 11:11:19 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002111119_13382483/ <![CDATA[RNS press release - Additional Listing ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002080001_13381993/ Mon, 02 Oct 2017 08:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002080001_13381993/ <![CDATA[RNS press release - VODAFONE PORTUGAL & NOS FIBRE NETWORK SHARE AGMT ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002070007_13381627/ Mon, 02 Oct 2017 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002070007_13381627/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002070004_13381541/ Mon, 02 Oct 2017 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/3322/LSE20171002070004_13381541/ <![CDATA[RNS press release - 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