Vodafone plans a record deal with Verizon

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Source: CNN Money
© Scanpix/Reuters
The second biggest telecommunications company in the world plans to sell all its shares in "Verizon Wireless" company to American "Verizon" for $130 billion. After the deal, "Verizon" will become a 100% shareholder in its subsidiary, while at the moment the American company owns 55% of shares in "Verizon Wireless". The deal is likely to become one of the largest in the history.
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Mon, 02 Sep 2013 12:44:48 GMT

U.K. shares increase most in eight weeks as Vodafone jumps

U.K. shares inched up after manufacturing advanced at a faster pace in Britain and China, while Vodafone Group Plc soared to the highest level in 11 months. Vodafone rallied 4%, after announcing that attempts to sell the stake in the wireless venture to the Verizone Communications Inc. have progressed. The FTSE 100 Index gained 1.8% to 113.37 points.

Mon, 02 Sep 2013 11:32:04 GMT

Copper gains most in three weeks amid Chinese manufacturing rise

Copper advanced, following the release of manufacturing report in China, which surpassed expectations. Copper for settlement in thee months rallied 1.8% to $7,228 per metric ton and the December copper contract surged 1.8% to $3.29 per pound. The official manufacturing index touched the highest level in 16 months of 51.

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