London, Feb 2, 2026, 08:48 GMT — Regular session
- Vodafone shares climbed roughly 1% in early Monday trading, hitting a fresh 52-week peak
- Company announced additional share repurchases as part of its ongoing buyback programme
- Investors are turning their attention to the Feb 5 quarterly trading update and the planned interim dividend payment.
Vodafone Group shares hit a new 52-week peak on Monday, climbing nearly 1% in early London trade. The FTSE 100 telecoms giant was up 1.05 pence to 108.45 pence, starting the day at 107.95 pence, according to LSE figures. (London South East)
Vodafone continues its streak of returning cash to shareholders ahead of a packed week. The telecom giant will release its third-quarter FY26 trading update on Feb 5, coinciding with an interim dividend payment. (Vodafone)
Vodafone disclosed in a regulatory filing that it acquired 1,523,376 ordinary shares on Jan 30, paying a volume-weighted average price of 106.94 pence. The top price reached 107.35 pence. The company said it plans to hold these shares in treasury. (Investegate)
Treasury stock sits with the company, cutting the number of shares out there for trading. While buybacks don’t alter the core business, they can boost earnings per share as time goes on.
In the short term, focus shifts fast from capital returns to operational figures. A trading update usually delivers a quick look at service revenue — the main fees customers pay for connectivity — along with remarks on cost control and cash flow.
Vodafone has leaned heavily on a turnaround narrative in recent quarters, and the stock’s push to a one-year high raises the bar a little. Investors will want evidence the momentum is holding, not just that the company is shrinking the share count.
Yet the rally lacks solid new operating data to back it up. Should Thursday’s update reveal softer trading in key markets or increased spending requirements, the stock could quickly lose its gains.
Vodafone’s Q3 FY26 trading update arrives on Feb 5. Traders will be focused on any changes in the tone around revenue trends and cash generation.
