Vodafone, Serica Energy, Avon Protection: Morning Roundup

UK stocks are set to open flat on Monday as investors begin the week slightly uncertain. The FTSE 100 futures are up 0.03% so far, although other European futures are trading slightly lower this morning.

As for the Morning Roundup, the latest news comes from Vodafone, Serica Energy and Avon Protection.


  • Vodafone’s Chief Executive has announced he is stepping down.
  • Nick Read has agreed with the board that he will step down as Chief Executive and as a Director of Vodafone on 31 December.
  • Margherita Della Valle has been appointed interim Group Chief Executive.

Serica Energy

  • Serica Energy announced its operations update on Monday.
  • The group reported total production of 28,977 boe/d in November, a slight increase from October.
  • Meanwhile, full-year production is expected to be within the guidance of 26,000 and 28,000 boe/d.
  • In addition, commodity prices have remained strong during the second half, although are somewhat lower in October and November.

Avon Protection

  • Avon Protection announced it has reached an agreement to sell the assets of its Lexington, KY facility to CoorsTek.
  • The armor business is in the process of being wound down in the current financial year.
  • CoorsTek has invested $50 million in the business over the past two years and the completion of this transaction is expected to take place in H2 FY23.

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