Jefferies downgrades Vodafone ahead of annual results on tough industry conditions

Jefferies on Friday downgraded Vodafone Group Plc for the first time in two years, citing the telecom group's vulnerability in tackling rising inflation and headwinds in Germany, ahead of the company's annual results next week.

Vodafone is already facing pressure from Europe's largest activist fund Cevian Capital to simplify its portfolio, enhance its strategy in key markets and boost returns.

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More foreign workers needed: Reclassify businesses in services sector to tackle manpower crunch, industry leader saysSINGAPORE — The Singapore Business Federation (SBF) wants the Government and related stakeholders to review the classifications within the services sector, so that businesses reliant on foreign manpower can hire more of these workers or redeploy workers who were in pandemic-related roles to join the sect
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