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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Vodafone boss Nick Read eyes deals as Cevian pressure mounts

Vodafone Nick Read United Kingdom

Activist investor Cevian has targeted Vodafone

(Picture: REUTERS)

Vodafone boss Nick Read today sought to fend off pressure from the activist investor at his door with a set of strong numbers and a promise to improve returns “at pace.”

Vodafone said service revenue, a key measure, rose by 2.7% to €9.6 billion in the three months to the end of December, with growth in both Europe and Africa. That was slightly ahead of City estimates.

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