Vodafone set to merge on order to compete with Orange and T Mobile

Vodafone has come into the spotlight after the Orange and T Mobile deal looks set to go ahead. The merger of these two companies will mean they will have the largets market capitalisation of the UK (30%). It is reported that Vodafone will look to either look to join with O2 or 3 network. O2 currently holds second place with 30%. As with all mergers i would be looking out for the company Vodafone decides to join with as news of this will mean an instant rise in share price. There is talk however that Vodafone could be cut out all together if O2 decides to merger with 3 UK.
Balfour Beatty looks to be setting itself up for the recovery already securing a number of lucrative contracts. It announced on Friday that it has been appointed as preferred bidder for the GBP250 million street lighting contract by Coventry City Council. The 25-year concession will involve the design, installation and maintenance of 33,000 street lights and 6,000 signs and bollards, during the five-year capital investment period, and the ongoing maintenance of all existing and new equipment. Balfour Beatty will invest equity of approximately GBP6.3 million into the concession. It also announced that Gammon Construction Limited, the infrastructure contractor in Hong Kong, in which Balfour Beatty has a 50% shareholding, has been awarded a HKD2.4 billion (GBP195 million) contract for the widening of the Tolo and Fanling Highways in Hong Kong for the HKSAR (Hong Kong Special Administrative Region) Highways Department. The share price has risen 80p this morning. 


Broker Recommendations Today

Company	Old Target (current price)	New Target	Broker (s)
Vodafone	_	140.3p	Astaire
Colt Telecom	_	buy	Deutsche
Balfour Betty	(277.6p)	buy	Panmure Gordon
Persimmon	_	392.2p	Panmure Gordon
Taylor Wimpey	_	buy	Panmure Gordon
Severn Trent	_	buy	RBS
Serco	_	147p	Shore Capital
Wolseley	1540p	1723p	UBS
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