London, June 22, 2026, 13:03 BST
- Vodafone Group (LSE:VOD) was down 1.36% at 105.55 pence as of 13:01 BST, with trading in London showing a delay.
- FTSE 100 was up 0.43% at 12:47 BST. Vodafone trailed the index by roughly 1.8 points.
- The stock hit a low of 105.10 pence on Monday, putting it just 0.22 pence away from a 20% drop off its 52-week high, according to .
Vodafone Group Plc shares (LSE:VOD) slipped over 1% on Monday, on track for their sixth loss in a row. The drop lagged a rebound for London stocks. Vodafone’s corporate news page did not show any new financial update since Friday. Sellers kept pressure on VOD, with no sign of a new business disruption.
London shares fell at first after UK Prime Minister Keir Starmer announced plans to step down, but the FTSE 100 later bounced back. “Britain’s been going in the wrong direction,” said Trade Nation analyst David Morrison to Reuters, though he noted switching leaders may not mean much for the economy. Reuters
Pound and UK government bond prices stayed a bit lower after the news. Traders didn’t pin Vodafone’s drop directly on the political move, as the FTSE 100 managed to climb after.
Vodafone shares have slipped further. Since closing at 115.75 pence on June 12, the stock dropped about 8.8% by Monday afternoon, according to exchange price data. Shares traded lower every day from June 15 to June 19. On Friday, the stock fell 1.56%.
Vodafone wasn’t the only loser. BT Group, which owns EE, dropped roughly 1.35% to 193 pence on Monday. Both Vodafone and BT traded lower, missing out as the broader market pushed higher.
Vodafone shares traded close to a bear market signal. The 52-week high stands at 131.10 pence. A 20% drop from that mark lands at 104.88 pence, a common bear market gauge. Vodafone finished at 105.55 pence, just 0.67 pence, or around 0.6%, above the level. Monday’s intraday low pushed even nearer.
Vodafone’s longer-term story is tied in part to VodafoneThree. Back in May, Vodafone said it would buy out CK Hutchison’s 49% in the UK operator for £4.3 billion, taking full ownership against rivals like BT’s EE and Virgin Media O2. Net debt is set to move up, with Vodafone’s ratio projected around 2.6 times EBITDA—just above its target range.
Vodafone CEO Margherita Della Valle last week said building bigger operators is the way forward. “If we want this, we need more investment, which needs scale,” she said. Della Valle also called on Europe to move faster on regulatory reforms to help network spending. Reuters
But there’s real downside risk. Vodafone says it will take around €700 million in restructuring and integration costs this financial year, with about €400 million linked to its UK deal. More debt, cost savings coming in slow, or weakness in Germany could squeeze room for mistakes. The group sticks to its adjusted free cash flow forecast of €2.6 billion to €2.9 billion.
Vodafone’s next operating update comes with its first-quarter statement on July 27. The company’s final dividend of 2.3625 euro cents follows three days after, with the sterling conversion based on July 23 exchange rates.
Right now, 105 pence is the key level. If it drops and stays under 104.88 pence, the stock will have fallen 20% from the year’s high. Holding above that line won’t erase the six-day slide, though it might cool off the selling ahead of July’s trading update.
