Vodafone Announce £1 Billion Share Buy Back
In a move which is as much about good investment as it is about showing confidence in the future, Vodafone has announced a £1 billion share buy back program which will see the group buy shares in the open market for cancellation. By reducing the number of shares in issue this will push the earning per share figure higher and if it all goes to plan should see support appear at of around current levels.
The move follows the earlier announcement that results for this year will not hit analysts expectation as operations in the UK and Spain to name but two are hit by the economic downturn. The group is also going through something of a transitional period with a new Chief Executive set to take office and Arun Sarin retire from the group which he has done so much to shape.
Even though Vodafone shares have been under pressure since the profit warning there is a feeling that now the bad news is out of the way, the company can regroup and start to tackle the problems of slowing activity and price pressure in the sector. The installation of the new Chief Executive next week will also herald a new start for the company in many ways.
Share this..
Related stories
Is bankruptcy ever a sensible option?
As bankruptcy and insolvency issues in the UK continue to hit the headlines, more and more people are finding it difficult to cover their monthly obligations and ultimately falling behind with regards to their debt repayments. While bankruptcy and IVAs are two potential options for those in serious financial trouble many people are happy to avoid these at almost any cost. But is bankruptcy ever a...
Read MoreIs the UK at risk of Japanese style deflation?
Adam Posen, a member of the Bank of England's MPC, has today warned UK investors of the potential risk of a Japanese style deflationary period in the UK. This warning is ever more important because this particular member of the MPC was brought on board because of his knowledge of the Japanese economy and the troubles which that area has encountered over the years. He cited a number of parallels...
Read MoreYoung people see level of debt double
30/01/2015 Young people aged 18-34 have seen the level of their debt double within a year, research from the price comparison website, MoneySuperMarket, has found. Consumers of all ages now owe a total of £196 billion collectively in debt. This is an increase of 41% from last year, and the average amount people owe on unsecured credit has risen to £5,898 each. People aged 18-34 have seen...
Read MoreLord Mandelson attacks Obama's banking reforms
In a move which is certain to sour the relationship between the US and the UK government Lord Mandelson has today gone on the attack suggesting that President Obama should be looking towards unilateral G20 banking reforms rather than concentrating upon the US. It would appear that many members of the G20 are concerned about a flurry of announcements coming from the US, without consultation, regard...
Read MoreWhen do you start teaching your children about finance?
There are many areas of the UK education system which attract differing opinions but one where there seems to be a consensus of opinion is the area of finance and the fact that children should be taught about money at an early age. We are not talking about investment or business, just what money is, how you use it and what it can do for you. By adding this subject at a very early age we should s...
Read More