MoPh Markets

Vodafone, M&G, Supply@ME, Next: Morning Roundup

European stocks opened lower on Thursday, with the FTSE 100 down 1.55%. On Thursday, major news included Vodafone, M&G, Supply@ME, and Next.

Vodafone

  • Vodafone announced the retirement of two members of its Group Executive committee.
  • Rosemary Martin, Group General Counsel and Company Secretary will retire on 31 March 2023.
  • Furthermore, Johan Wibergh, Group Chief Technology Officer, will retire on 31 December after eight years with Vodafone.

M&G

  • M&G announced the appointment of its new Chief Executive and Executive Director, Andrea Rossi.
  • Andrea will take up his new position on 10 October, succeeding John Foley.
  • John will step down as CEO but will remain at M&G in an advisory capacity.

Supply@ME

  • Supply@ME reported its interim results, which saw an operating loss of £2.52 million.
  • Total revenue fell to £0.2 million compared to £0.3 million in the prior year.
  • Its shares have fallen 2.74% on Thursday.

Next

  • Next reported profit before tax of £401 million.
  • The group’s full-year pre-tax profit fell by £20 million to £840 million.
  • Next shares fell 9.8%.

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