FTSE 100 movers: Supermarket stocks slide after Kantar data
23rd Sep 2014 16:07
Tesco continued to slide a day after warning that it had "overestimated" its predicted first-half figures with more bad news coming in the form of the latest Kantar data, which showed another drop in the retailer's sales and market share. Shares in sector peer Sainsbury were also weaker after reveal
Read moreFTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreSector movers: Retailers and miners lead the downside on the FTSE
22nd Sep 2014 14:23
The supermarket sector was firmly in the red on Monday after Tesco was forced to admit that it had over-stated its first half profit guidance by £250m. The company has suspended four of its executives, including the UK managing director, and said it plans to investigate the matter. The food retaile
Read moreLondon open: Stocks slip on growth concerns, Tesco plummets after warning
22nd Sep 2014 08:39
The UK's blue chips are leading fallers in Europe on Monday after a profit warning from troubled food retailer Tesco. As of 09:06 the FTSE 100 was 46 points lower at 6,792.86. Wall Street ended the Friday session on a mixed footing, with market commentary highlighting the tenth consecutive week of
Read moreFTSE 100 movers: Smiths Group drops after results miss forecasts
17th Sep 2014 14:32
Engineer Smiths Group was leading the fallers on the FTSE 100 on Wednesday after missing expectations with a 5% fall in annual revenues to £2.95bn on the back of foreign exchange headwinds and a small disposal. Analysts at Deutsche Bank had expected a figure closer to £3.05bn. Beverage groups SABMil
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreFTSE 100 movers: Barclays jumps after appointing new chairman
12th Sep 2014 16:15
Barclays jumped on the news it has appointed John McFarlane as chairman to replace David Walker, who will step down following the bank’s annual general meeting in 2015. McFarlane, who is currently chairman of Aviva and FirstGroup, will take on the role on 1 January. Engineer GKN was boosted by
Read moreLondon midday: Stocks gain but Scottish uncertainty limits upside
12th Sep 2014 12:12
UK stocks were making gains on Friday as investors shrugged off weak construction data and picked up some bargains after equity markets hit a three-week low the previous session. London's FTSE 100, which has traded within a tight range for the whole week, was 0.2% higher at 6,815 by midday after clo
Read moreLondon open: UK stocks bounce off three-week low but gains limited
12th Sep 2014 08:51
UK stocks edged higher on Friday but choppy trading continued with investors concerned about the potential impact from a 'yes' vote on Scottish independence next week. Supermarket stocks were among the best performers as Morrisons extended gains made the previous session, while banks advanced, thoug
Read moreLondon close: Referendum jitters weigh on stocks
9th Sep 2014 18:20
London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r
Read moreFTSE 100 movers: AB Foods continues to feel impact of lower sugar prices, FX
8th Sep 2014 15:01
Food, ingredients and retail group Associated British Foods was a big faller despite reiterating its guidance for profit growth in the year to 13 September despite the continued impact of lower sugar prices and currency movements. AB Foods said that strong profit performances from the Primark and gr
Read moreBroker tips: Glencore, Vedanta, Just Eat
3rd Sep 2014 13:22
Mining and commodities trader Glencore dipped in early deals on Wednesday after the stock went ex-dividend, but losses were quickly erased after a rating upgrade by Investec. The broker said it has lifted the stock from 'hold' to 'add' and raised its target price for from 360p to 380p following las
Read moreInvestec upgrades Glencore to 'add'
3rd Sep 2014 13:04
Mining and commodities trader Glencore dipped in early deals on Wednesday after the stock went ex-dividend, but losses were quickly erased after a rating upgrade by Investec. The broker said it has lifted the stock from 'hold' to 'add' and raised its target price from 360p to 380p following last mo
Read moreLondon midday: UK stocks hit 14-year high on Ukraine hopes
3rd Sep 2014 12:55
- Ukraine and Russia working towards a ceasefire, reports say - Chinese, UK services PMIs improve, Eurozone PMI falls - Ashtead rises after upbeat outlook - Vodafone up on takeover speculation techMARK 2,879.44 +0.71% FTSE 100 6,882.50 +0.78% FTSE 250 16,018.45 +0.33% London's FTSE 100 hit its hig
Read moreLondon open: UK stocks at two-month high as Ashtead, Vodafone gain
3rd Sep 2014 09:11
- HSBC China services PMI jumps to 17-month high - Investors digest weak Eurozone services data, await UK figures - Ashtead ups full-year view after strong Q1 - Vodafone rises on takeover speculation techMARK 2,871.10 +0.42% FTSE 100 6,869.21 +0.59% FTSE 250 15,990.24 +0.16% UK stocks were trading
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