Vodafone investors want buy back

Investors in Vodafone, said they want chief executive Arun Sarin to buy back shares and raise the dividend rather than pursue an acquisition strategy that has failed to boost the stock.

“Investors are scared of further acquisitions,’ said Udo Rosendahl, who manages €6.05bn at DWS Investment GmbH in Frankfurt.

A €4.56 billion share repurchase announced in May “is a start, but is not enough”.