Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,542.25
    -1,813.72 (-3.60%)
     
  • CMC Crypto 200

    1,261.70
    -96.31 (-7.09%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

BUZZ-Vodafone: M&A talk, bullish brokers lift stock to 14-yr high

** Vodafone at levels last seen early 2001 & poised for c.8 pct advance this wk, its biggest weekly rise in c.6 mths

** Potential tie-up between VOD & Liberty Global underpinning gains; traders this wk cited comments from Liberty chairman as being supportive of merger

** Brokers bullish on VOD following FY earlier this wk in which it finally forecast 2016 core earnings growth on an organic basis following seven straight years of declines

** Goldman repeats "buy"; says given LBTY's recent publicly stated preference for a tax efficient capital structure, in contrast to VOD shareholders preference for dividends, VOD may be more likely a seller than a buyer of assets

ADVERTISEMENT

** Deutsche Bank (Xetra: 514000 - news) ups TP by 10p to 260p, repeats "buy"; Citi lifts TP to 265p vs 250p, repeats "buy"

** Stock, up 4.3 pct, easily top FTSE 100 riser & most actively traded on index, with two thirds of its 90-day daily avg volume having gone through in c.1 hr (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net RM:alasdair.pal.thomsonreuters.com@reuters.net)