News Formal

Jefferies downgrades Vodafone ahead of annual results on tough industry conditions

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.The world's second largest mobile operator must be 'cautious' while providing

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: TODAYonline - 🏆 1. / 99 Read more »