What price loyalty at Vodafone?

Vodafone has lost the plot, says Alex Brummer in the Daily Mail. How else to explain the mobile phone company’s extraordinary decision to float its mast business, Vantage Towers, in Frankfurt rather than London? As the s15bn listing is likely to be the largest in Europe next year, the decision represents “a major snub to the City”. The rationale, apparently, is that a large part of the enterprise will be based on the Continent. But that ignores the fact that 21,000 of Vodafone’s mast and antenna sites are in the UK and that the company was, “from its earliest days, a British creation”. Indeed, it was the City’s “global debt market capacity” that enabled Vodafone to “conquer the world”. The board should have looked at the precedents. After all, “Unilever received a bloody nose” when it sought to switch its domicile from London to Rotterdam. The plumbing group Ferguson and the medical devices champion Smith & Nephew have also both “reversed course on switching domicile to the US”. If Vodafone’s CEO Nick Read wants to avoid a “bitter struggle” with its “reputation and share price”, he should think again.

annuities meaning	ultimate assurance	property settlement
wealthy and successful man	rich choose buy home	homeowner know insurance
ask mortgage lenders	car accident settlement	mortgage application
prepare investing stock	shopping without debt	factors affecting home loan
credit cards with no debt	plan for business loans	step buying insurance
choosing life insurance	cheap car insurance	debt with credit card
type of insurance	how to request a claim	deposit banks or insurance
need life insurance	insure assets and liabilities	contract buying a home
happy if in debt	pay car installments	most car insurance terms
urgent money request loan	save money in stocks	howto have a home
plan before retirement	plan repayment carefully	plunging to the depths
cut health care costs	handling employee departure	put on retailer shelves
low cost promotion	guide to office colleagues	get TQM traning
unconscious credit cards	home to pay off debt	want money to invest
credit card addiction	manage credit card debt	insurance agreement
loans for education	lead to poverty	what is private fund
overlook insurance	also saving on debt	do before retiring