Vodafone drops under 100p; Safaricom puts focus on Africa challenge
Vodafone Group Public Limited Company ended Wednesday in the red, but the single-day drop is not what caught investors’ attention. The bigger point was that shares sank through the 100p mark just a day after Vodafone moved to consolidate Kenya’s Safaricom, locking in a quicker-growing African unit as questions still swirl around Germany, debt and cash flow. Vodafone ended at 98.48p in London, slipping 1.12p on the day. The FTSE 100 dropped 0.18%, according to Hargreaves Lansdown. AJ Bell tracked Vodafone's volume at a bit above 69 million shares, with market cap roughly 22.68 billion pounds.