Weekly Outlook: Vodafone and Burberry full-year results
Key events for UK wealth managers for the week starting 13 May
Key events for UK wealth managers for the week starting 13 May
Key events for UK wealth managers for the week starting 13 November
The manager, who retires from running Artemis Special Situations at the end of this year, explains why the dotcom boom and bust was a defining moment for both him and the company he co-founded
Telecom giant’s slashed dividend highlights concentration in the yield on the FTSE
Markets were non-plussed by equity income favourites, Vodafone, Unilever and Royal Dutch Shell, on Thursday despite the latter two producing a decent set of final results.
Sainsbury’s interim figures underwhelmed markets on Thursday but CityFibre’s shares were through the roof as it announced a new partnership with Vodafone.
A growing headline loss in easyJet’s interim report wreaked havoc on its share price, while UK equity income favourite Vodafone’s final results revealed it was in a better place to shake off the Brexit blues.
The FTSE 100 Index mirrored Monday morning’s rally and was up 0.8% at 6807 even after constituents Land Securities and Vodafone reported H1 losses and easyJet delivered lower profits Tuesday morning.
The telecom operator’s share price rose 4.7% to 235.7p during morning trading undeterred by group revenue losses in the first quarter.
The blocked merger between Telefonica’s O2 and CK Hutchison Holdings’ 3 UK “has consequences for the rest of players in the UK market, as well as for the broader European telecoms market,” said Moody’s Investors Service.
Vodafone’s shares were up this morning following the publication of its year end results, trading 2.35% higher at £2.28.
Global dividends fell the most in five years year-on-year in the three months to 31 March, according to research by Henderson Global Investors.