Top investor backs Vodafone boss after activist investor swoops in
One of Vodafone’s biggest shareholders has backed chief executive Nick Read’s plans to overhaul the telecoms giant despite pressure from an activist investor. Abrdn, the fourth-largest investor, said Vodafone’s management had been “explicit” about how it planned to bolster value and had the “widespread support of shareholders”. The Swedish activist investor, Cevian Capital, has taken…