Swedish activist investor targets Vodafone over weak performance

Cevian is seeking turnaround at telecoms firm whose share price has been falling for years

Vodafone has been targeted by the activist investor Cevian, prompting speculation that the telecoms giant will come under pressure to overhaul its faltering global business.

The Swedish investment firm has built up holdings in Vodafone in recent months, according to sources quoted by Bloomberg, privately piling pressure on the firm to improve its performance.