UK Share Prices Watch: Vodafone And Informa Rise

Vodafone (LON:VOD) and Informa (LON:INF) are among the UK share prices to watch on a relatively quiet corporate Friday with analyst comments moving the former and a trading update lending support to the latter. Broader market sentiment meanwhile has improved after yesterday’s bloodbath which saw the benchmark FTSE 100 index tumble more than one percent, while Prime Minister Theresa May has expectedly announced her resignation.

Vodafone and Informa shine on Friday

Informa is the only FTSE 100 company to have updated investors on its performance this Friday as it holds its annual general meeting. The group’s Stephen A. Carter commented in the statement that the company had “performed well through the first four months of the year, with steady trading across” its brand portfolio, and was well placed to meet its targets for the year “and deliver a further year of growth in revenue, adjusted profit, earnings, cashflow and dividends”. Informa’s shares are changing hands about 2.6 percent higher in early afternoon trade, as compared with about a 0.8-percent gain in the FTSE 100.

Vodafone shares rise

Vodafone is outperforming the market this Friday, climbing on the back of a rating upgrade at HSBC which now sees the blue-chip telco as a ‘buy’ despite the group’s recent update which saw Vodafone post a full-year loss and take the axe to its payout to shareholders. Proactive Investors quoted the broker as commenting that that the fall in the telecoms giant’s share price since the dividend cut had brought the yield on the shares down to 6.4 percent and presented ‘an attractive entry point’ for new investors. Vodafone’s share price has climbed about 2.4 percent higher so far today.

National Grid (LON:NG) is outperforming the London market with about a 1.1-percent gain as industry regulator Ofgem published an update as part of the regulatory process for a new price control starting in 2021.

1 2 3
View single page >> |

Disclosure: The author doesn’t have positions in these stocks currently, but may initiate positions if the stock prices slide a bit lower. None of the content in this article should be ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Mohammed Rizwan 2 years ago Member's comment

Nice article.

Leslie Miriam 2 years ago Member's comment

Yes, Cory always has good stuff.