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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Vodafone launches €500m share buyback

(Sharecast News) - Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.

The telecoms firm said it has given a non-discretionary instruction to Goldman Sachs for the buyback, the sole purpose of which is to reduce share capital.

Vodafone announced in March that it was planning to return €2bn to shareholders in the next 12 months after the sale of its Spanish business to Zegona Communications.

At 1015 BST, the shares were up 2.1% at 71.90p.

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