Despite the strong progress being reported by telecoms giant Vodafone in today’s full year results, it seems as if investors had been hoping for more. Having completed a three year transformation plan, the company is now simpler and management believe easier to scale for profitability. The losses of 2025 have been flipped to a healthy profit, EBITDAaL came in at the top end of the guided range and the belief is that more growth lies ahead, but regardless the stock struggled. The Vodafone share price was down almost 4% shortly after the open.
The takeover saga continues for Intertek with EQT making a final offer for the business at an equivalent of £61.77 per share. That represents a 59% premium from the last traded price before the offer became public and the ball is now very much in Intertek’s court. EQT hopes for quick progress to be made and investors appear to be gaining optimism too. The Intertek share price was up 5% in early trade.
The high street baker to fast food restaurant has this morning issued an update covering the first 19 weeks of the trading year. A solid performance has been seen, helped by product innovation, the successful launch of a new distribution hub and positive sales momentum as the value proposition continues to appeal. Whilst there are some inflation concerns cited for later this year and on into next, these will be felt across the industry and investors appear happy to focus on the short term. The Greggs share price was 4% higher at 8.30am.
Most read news on Investegate this morning
FY26 Preliminary Results - - Vodafone Group (VOD)
Trading Update - - Greggs (GRG)
Statement regarding a Proposed Offer for Picton - - LondonMetric Property (LMP)
