London, June 8, 2026, 14:46 (BST)
- Vodafone added roughly 0.8% in late London dealings, while the FTSE 100 was little changed.
- The shares went ex-dividend, triggering the move, while investors looked at UK scale and pressure from Germany.
- Vodafone’s next scheduled catalyst is the Q1 FY27 trading update set for July 27.
Vodafone Group shares traded higher in London on Monday afternoon, beating the FTSE 100. Investors seemed to shrug off last week’s dividend cut and focused on the company’s UK consolidation plan.
The share traded up 0.77% to 111.25 GBX at 1417 BST, according to delayed prices, with intraday moves between 110.00p and 111.42p. London’s FTSE 100 index added 0.05% to 10,373.23 on the same delayed read.
Vodafone shares are steady with little company news out, and the stock just went ex-dividend. Buyers coming in now won’t get the next dividend. AJ Bell data shows the ex-div date was June 4, the record date was June 5, and holders get paid July 30.
Traders saw a messy session. Global markets took a blow from Middle East worries and a tech slide, but things steadied as oil prices cooled off. Some money moved into defensive names — companies that usually hold up when growth slows.
Vodafone is sticking to its FY26 numbers as new fundamentals. Organic service revenue was up 5.4%, excluding currencies and deals. Adjusted EBITDAaL, the key profit after leases, gained 4.5%. Vodafone also pointed to €3.1 billion in total FY26 shareholder returns.
Chief Executive Margherita Della Valle called Vodafone “a simpler company with a stronger growth outlook” and “well set for mid-term growth” after the results. For the market, those are no longer slogans—they’re the new test. Vodafone
Vodafone is set to take full ownership of VodafoneThree after agreeing in May to buy CK Hutchison’s 49% holding for 4.3 billion pounds. The move would give Vodafone full control of the UK’s biggest mobile operator. Della Valle called it “now is the right time” to own the business outright. The transaction is expected to finish in the second half of 2026 but still needs the OK under the UK National Security and Investment Act. Reuters
VodafoneThree has become the biggest player in the UK after its deal, pushing past BT’s EE and O2, which belongs to Telefonica and Liberty Global, Reuters reported. That makes scale a real factor in this market.
Germany is still the tough spot for Vodafone. The company’s biggest market is Germany, where it ranks as the number two mobile operator behind Deutsche Telekom, Morningstar data cited by Davy shows.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said in a note after the FY26 numbers that the “turnaround is starting to take shape” but said it is still “far from complete.” He pointed to Germany as Vodafone’s main challenge right now, blaming ongoing pricing pressure and subscriber losses. HL
UK approval could drag out, cost cuts may lag, or Germany could still drag. VodafoneThree is aiming for 700 million pounds in cost savings by fiscal 2030. Buying the stake will raise Vodafone’s net debt ratio to around 2.6 times before the VodafoneZiggo effect, according to Reuters.
Vodafone shares edged up Monday, but the move seemed more about investors waiting than a real shift in valuation. The company’s next update comes July 27, with the Q1 FY27 trading update. Focus will be on German service revenue, progress on the UK integration, and free cash flow — what’s left after running and investing in the business.
