Vodafone's Dividend Hike: A Sign of Recovery

Vodafone announces first dividend increase in eight years, signaling a significant turnaround. The European mobile and broadband giants shares climbed five percent following a nearly six percent rise in first-half adjusted earnings. This positive news comes after a strong return to growth in Germany and a strategic reshaping of the company under new leadership. Chief Executive Margherita Della Valle has been instrumental in this transformation, including a major merger with rival Three in Britain and a strategic exit from challenging markets in Spain and Italy. The return to growth in Germany and the swift start to integrating the Vodafone and Three networks in Britain have solidified Vodafones position as a dominant player in its remaining markets. The company now anticipates reaching the upper end of its full-year forecasts for adjusted core earnings and group adjusted free cash flow, suggesting a promising future for Vodafone and its investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.