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EXPLAINED: 3 | Vintage Vibes

Voda ousts CEO Nick Read in drive for ‘shareholder value’

VODAFONE today dramatically ousted long-serving company man Nick Read as CEO after becoming frustrated at the pace of change and lacklustre share price under his leadership.

Evening Standard

FTSE 100 Live: Vodafone boss to step down; Bitcoin price could plunge 70% in 2023, Standard Chartered warns

Vodafone today announced that chief executive Nick Read is to leave the mobile phone giant at the end of the year.

Evening Standard

Vodafone is still not moving the dial for its unhappy investors

However much the telecoms company talks itself up it isn’t doing enough to rescue the share price

The Guardian - UK

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Vodafone warns of UK price rises and job cuts as inflation bites

Company’s 18 million UK mobile customers face 14% rise in mid-contract increases next spring

The Guardian - UK

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

‘France’s answer to Steve Jobs’ buys 2.5% stake in Vodafone

Opportunities to accelerate ‘streamlining’ of UK telecoms group’s business cited by investment vehicle

The Guardian - UK

Great North Run organisers aim for growth after difficult period

The Great Run Company has appointed a former BP executive to be its new chair, with a new role for founder Sir Brendan Foster

Birmingham Post

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Dear Mr Musk, stop bleating about Twitter bots and get on with it

The tycoon’s behaviour over the $44bn takeover is disgraceful – but it may prove effective too

The Guardian - UK

Wait for deals continues at Vodafone as CEO Nick Read warns of inflation impact

Vodafone left the City disappointed today as it kept investors waiting for deals and warned of an inflation-driven slowdown.

Evening Standard

Morning Brief: Top Financial Stories Dominating on Monday, May 16

CNBC Volkswagen CEO Shares Ambitious EV Ambitions For US Market

Benzinga

At least 4,000 Post Office branches to offer new money transfer service

The cross-border money transfer services will be offered in a minimum of 4,000 Post Office branches under an agreement with Western Union.

The Independent UK

Vodafone Receives Takeover Bids For Vantage Towers: Reuters

Global infrastructure funds approached Vodafone Group PLC (NASDAQ:VOD) to invest in its $16 billion mast company Vantage Towers AG (OTC: VTAGY), Reuters reports. The bidders, including investment firms Brookfield and Global Infrastructure Partners, submitted proposals valuing Vantage Towers at a premium to its current valuation of €15 billion ($16.57 billion). Also Read: This French Carrier Offers To…

Benzinga

City comment: How much ‘constructive’ criticism does Cevian really have for Vodafone?

Cevian’s targeting of Vodafone is a head-scratcher.

Evening Standard

Vodafone boss Nick Read eyes deals as Cevian pressure mounts

Vodafone boss Nick Read today sought to fend off pressure from the activist investor at his door with a set of strong numbers and a promise to improve returns “at pace.”

Evening Standard

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Evening Standard

FTSE 100 Live: Vodafone’s robust update, Alphabet shares higher, Playtech deal in doubt, Ocado soars

Vodafone boss Nick Read today backed his growth strategy after the mobile phone giant delivered quarterly results in line with expectations.

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