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FTSE 100 Live 14 May: Wage growth dents rate cut hopes ...

FTSE 100 Live 14 May Wage growth dents rate cut hopes
Hotter-than-expected wage growth figures today dealt a blow to hopes of a June interest rate cut.

CEO Margherita Della Valle said: “A year ago, I set out my plans to transform Vodafone, including the need to right-size Europe for growth. Since then, we have announced a series of transactions and we are now delivering growth in all of our markets across Europe and Africa. “Much more still needs to be done in the year ahead. We will step-up investment in our customer experience, improve our underlying performance in Germany and accelerate our momentum in Business, whilst also continuing to simplify our operations throughout the group. We are fundamentally transforming Vodafone for growth.”

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