Vodafone trails FTSE 100 as investors focus on Germany, Safaricom update fails to lift shares
Vodafone Group Public Limited Company slipped last week while the London market climbed, giving up ground after an earlier bounce in the spring. Shares ended Friday at 98.70p, down 6.6% from 105.65p on June 26. Over that stretch, the FTSE 100 added 1.6% to hit 10,679.03. Look at the value lost. Vodafone reported 23.03 billion voting rights as of June 30, according to its July 1 statement. Last week’s 6.95p slide in the share price wiped around £1.6 billion off the equity tied to those voting shares. That lines up with the £ value of the KES 272 billion cash spent on Vodacom’s Safaricom stake buys, referencing Vodafone’s FY27 rate of €1 to 87p.