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Vodafone Group PLC

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  • The group, in which Mexican billionaire Carlos Slim's America Movil has a 21.4 percent stake, said the improvement was most noticeable in its consumer mobile and business operation, though core profit still fell by 15 percent. It also sold its German business E-Plus to Spain's Telefonica in a deal valued at 8.6 billion euros. The company competes with Vodafone...

  • European shares traded lower, amid concerns about the results of Europe's bank stress tests and the first Ebola case in New York.

  • LONDON/ PARIS/ FRANKFURT, Oct 23- EE, Britain's largest mobile network operator, is braced for the increasing convergence of mobile and fixed-line services in the UK market next year and the pace of consolidation is likely to pick up, Gervais Pellissier, a lead director of EE, said on Thursday. EE, formerly known as Everything Everywhere, is a joint venture of Deutsche...

  • CAIRO, Oct 21- Egypt is seeking billions of dollars in investment to upgrade its telecommunications infrastructure as part of efforts to attract multinationals and restore growth after three years of political upheaval, the telecoms minister said. Atef Helmy said Egypt needs investment of $5- $6 billion to build broadband internet across the nation and some...

  • *Sees 5.6- 5.8 billion euro operating profit in 2014. FRANKFURT, Oct 20- German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales. SAP said it now expects 2014 operating profit, excluding some special items, of 5.6...

  • SAP cuts profit outlook; customers switch to cloud Monday, 20 Oct 2014 | 1:28 AM ET
    A visitor passes an illuminated SAP AG logo inside the business-software maker's headquarters in Walldorf, Germany, on Monday, Feb. 24, 2014.

    German business software maker SAP on Monday cut its outlook for full-year operating profit.

  • *Vodafone's New Zealand move is model for cable strategy. LONDON, Oct 14- For those investors questioning the potential of Vodafone's 12 billion pound move into the European cable business, the company's experience in New Zealand shows what can be achieved. The conditions Vodafone had faced in New Zealand were not unlike those confronting it today in its big...

  • NEW YORK, Oct 10- Blackstone Group LP said on Friday it would spin off its advisory units into a company headed by star Wall Street investment banker Paul Taubman, to avoid potential conflicts of interest in the sprawling private equity empire. The new publicly traded company could be valued at $1 billion to $2 billion, a person close to Blackstone said.

  • Oct 10- Blackstone Group LP said it would spin off its M&A, restructuring and private equity fundraising advisory businesses to avoid conflicts, combining them with the advisory firm of Morgan Stanley investment banking veteran Paul Taubman. Blackstone's advisory businesses being spun out account for a tiny fraction of the New York firm's earnings,...

  • Oct 10- Blackstone Group LP said on Friday it would spin off its M&A, restructuring and private equity fundraising advisory businesses and combine them with the financial advisory firm of Morgan Stanley veteran Paul Taubman, in a move to avoid conflicts. Taubman, who left Morgan Stanley in 2012, has been behind some of the biggest deals of the past few years,...

  • NEW YORK, Oct 9- U.S. stocks slid on Thursday, erasing the previous session's sharp rally, on lingering concern about the strength of the global economy and after a Federal Reserve official said market views on rate hikes are at odds with the central bank's. St. Louis Federal Reserve Bank President James Bullard said the disconnect between the market's view on the...

  • Midday movers: Tesla, Apple, Yelp & more Thursday, 9 Oct 2014 | 12:59 PM ET
    Traders on the floor of the New York Stock Exchange.

    Take a look at some of Thursday's midday movers.

  • LONDON, Oct 7- Telecom operator Swisscom is considering a possible sale of its Italian broadband firm Fastweb, which is worth up to 5 billion euros and has been a target for Vodafone, sources familiar with the situation said. The Swiss majority state-owned firm, which has already rebuffed several takeover approaches from Vodafone for Fastweb, is now working with...

  • *Reported 2013 loss of 91.5 mln stg vs 2012 loss of 34.4 mln stg. FRANKFURT, Oct 6- Telecoms company Truphone will forge ahead with rapid expansion of its ground-breaking new business model, its chief executive said on Monday, as it seeks to reverse deepening losses stemming from heavy investment in the reinvention of its global network. "We are doing away with the...

  • LONDON, Sept 25- GlaxoSmithKline said on Thursday it had chosen Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman. GSK was hit last week by a record $489 million fine in China for bribing doctors and has warned on profits in 2014 due to weak sales of its core respiratory drugs.

  • LONDON, Sept 24- Drugmaker GlaxoSmithKline will this week name Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman, a person close to the process said on Wednesday.

  • LONDON, Sept 22- GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back sceptical investors.

  • Liberty Global CEO on Vodafone acquisition rumor  Sunday, 21 Sep 2014 | 7:00 PM ET

    Michael Fries, CEO of Liberty Global, says he is "not interested" in being acquired by Vodafone after reports the telecoms giant's CEO Vittorio Colao expressed interest in the company.

  • Liberty Global CEO ‘confident’ of Ziggo success Friday, 19 Sep 2014 | 9:44 AM ET

    Liberty Global CEO Michael Fries is confident he will soon get approval for his Ziggo bid, but isn't interested in a deal with Vodafone.

  • LONDON, Sept 16- New international tax rules proposed on Tuesday could eliminate structures that have allowed companies such as Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.