Vodafone considers moving headquarters from Britain after Leave vote

Telecommunications giant Vodafone is weighing whether to move its headquarters out of Britain after last week's referendum to leave the European Union, according to an emailed press statement on Wednesday.

The company, emphasizing the importance of free movement of people, capital and goods for its profits, said that while it was too early to make a decision about the long-term location of its main offices, it would take "whatever decisions are appropriate" as more is known.

"It remains unclear at this point how many of those positive attributes will remain in place" after Britain leaves, the statement said, and it is "therefore not yet possible to draw any firm conclusions" about potentially relocating the firm's headquarters.

Vodafone, with about 13,000 employees in Britain and offices in London and Newbury, also announced that it would be pursuing closer ties to Brussels and report its profits in euros in the future.

Last update: Fri, 08/07/2016 - 18:56
Author: 

More from Business

Financial leaders in Davos optimistic about US, but see trade risk

The US economy will likely profit from the planned policies of its new president, as long as Donald Trump does not...

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...