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Vodafone seen ripe for activist investors

Bloomberg A weak share price, a fragile dividend and a switch of chief executives: conditions at Vodafone Group Plc may be ripe for a shake-up by US activist investor Elliott Management Corp. A report that Elliott has taken a stake in the world’s second-largest wireless carrier comes at a critical time for Vodafone, which is battling intense competition in Europe ...

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Euro-area economy gets higher inflation and weaker growth

Bloomberg A bumper day of euro-area economic releases showed the region’s vital signs remain good, if not great. The region’s economic expansion entered a sixth year but growth slowed to just 0.3 percent, the weakest in two years. Inflation accelerated further above the European Central Bank’s goal, though that was largely driven by stronger energy prices. Unemployment remained at the ...

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Glencore sees big jump in cobalt supply from Congo

Bloomberg Glencore Plc increased cobalt production by almost a third after restarting output at its Katanga unit in the Democratic Republic of Congo. The Swiss commodity giant is seeking to double its production of cobalt in the next two years, tightening its grip on the market for the key battery material in electric vehicles. First-half cobalt output jumped 31 percent ...

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