1022 GMT - Vodafone Group's German recovery seems to have stalled, and overcoming its struggles there will be the next big hurdle for the U.K. telecommunications group, AJ Bell's Russ Mould says. The company raised its full-year guidance, in a sign of the progress it has made under Chief Executive Margherita Della Valle, Mould says. "Della Valle's big decisions since taking over as CEO--including ditching its Italian and Spanish businesses and combining its U.K. operations with Three--have largely been vindicated," he says. However, Germany remains a thorn in the side for Vodafone, as intense competitive pressures prompted organic service revenue to drop in the group's core business, AJ Bell says. Shares fall 1.5%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.