The mobile telecoms company is hoping to merge its UK operations with those of competitor Three, but the Competition and Markets Authority have today given their initial guidance on the idea, suggesting it’s not going to be good for consumers. Vodafone’s argument centres around the fact that data speeds in the UK are far from world beating and a bigger company would have more weight to make investments in upgrading infrastructure and the market has so far failed to react. In early trade, Vodafone’s share price is up by around 0.5%.
The African focused miner has this morning published an update on progress at its Zulu project, with news that testing to verify potential flows will be completed by the end of the week, but there’s no expectation that any material change will be seen. However there is talk of the benefit of an expanded float plant to handle surplus capacity and is it the cost associated with this that has spooked investors? The Premier African minerals share price is around 12% lower just over an hour into the day.
Trading in Curzon Energy resumed today after a lengthy suspension. The company’s stock fell sharply as investors were able to make a fresh call on the outlook but it was far from positive - an hour into the day and the Curzon share price was down by more than 95%.
Headlines we expect on Monday
Greencoat Renewables Interim Results
This time last year 1489 GWh of energy produced, Dividend 3.21c
MP Evans Interim Results
This time last year Revenue $134m, Operating Profit $23,378, Interim dividend 12.5p
