FTSE 100 movers: Shell in confident mood; SABMiller plunges as informal offer rejected
6th Oct 2015 13:39
(ShareCast News) - After a slow start, the FTSE 100 was up 22.23 points (0.35%) to 6,321.15 mid-afternoon Tuesday. Royal Dutch Shell climbed on the back of the company's chief executive speech at the Oil and Money conference in London. He told attendees that the oil company is doing everything it ca
Read moreFTSE 100 movers: Oil prices drive Shell and BP up; Glencore nearly back to Friday levels
1st Oct 2015 13:41
(ShareCast News) - The FTSE 100 was up 47.61 (0.79%) mid-afternoon Thursday to 6,109.22 London Stock Exchange Group led the risers after Barclays upgraded sharemarket organiser and transaction services provider Deutsche Boerse from underweight to overweight. Pearson was also a beneficiary of a posi
Read moreLondon close: Stocks buoyed by Glencore and Sainsbury's
30th Sep 2015 16:14
(ShareCast News) - The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore. Glencore dominated the FTSE 100 after saying it has taken proactive steps to position the mining company to withstand current market conditions incl
Read moreFTSE 100 movers: Sainsbury leads the pack; Glencore and Wolseley rebound
30th Sep 2015 13:48
(ShareCast News) - After a poor start to the week, the FTSE 100 rebounded to 6,031.13 mid-afternoon Wednesday, up 121.89 (2.06%) J Sainsbury led the pack after posting a positive second quarter trading statement. The supermarket giant said it expects full-year underlying pre-tax profits to be modera
Read moreFTSE 100 movers: Glencore rebounds; Wolseley sinks lower
29th Sep 2015 14:30
(ShareCast News) - The FTSE 100 was down 40.21 points (0.67%) mid-afternoon to 5,918.65. After a dismal day on Monday, Glencore led the market risers after Citigroup and Bernstein both said the market had exaggerated concerns about the company's financial health. It's a big turnaround, after shares
Read moreMorrisons set to lift staff pay to above the living wage
29th Sep 2015 13:14
(ShareCast News) - UK supermarket retailer Morrisons will raise its hourly rate of pay for staff of all ages to £8.20, above the national living wage due to be introduced by the government in April. Morrisons, which currently pays shop floor staff a minimum of £6.38 an hour, said the higher rate wil
Read moreSunday newspaper round-up: SAB Miller, Tesco, Wm Morrison
27th Sep 2015 16:25
(ShareCast News) - AB Inbev could table a £70bn bid for SAB Miller this week, firing the starting gun on the biggest-ever takeover of a British company. Over recent days the world's two biggest brewers have begun "friendly" talks, sources said. The discussions continued into yesterday, with Budweise
Read moreMorrisons involved in legal battles with property developers
27th Sep 2015 10:39
(ShareCast News) - Wm Morrison is involved in legal rows with a number of property developers over sites it no longer wants to build on, according to reports. The supermarket chain is involved with a number of ongoing court cases, sources told the Sunday Telegraph, adding that these could result in
Read moreMorrison boss puts money where his mouth is
18th Sep 2015 14:57
(ShareCast News) - After a turbulent couple of weeks for Morrison, David Potts is putting his money where his mouth is. The chief executive has purchased £0.5m worth of shares in the supermarket - a total of 314,881 shares. It comes after a few grim announcements, including a 35% drop in first-half
Read moreMorrisons unveils which stores will close as 900 jobs face the axe
16th Sep 2015 13:58
(ShareCast News) - Supermarket retailer Morrisons has revealed which 11 stores it will close as part of cost-cutting plans announced last week. The company said the closures, for which it still hasn't outlined a timeframe, would put around 900 jobs at risk. Stores affected by the changes include We
Read moreMoodys downgrades Morrisons long-term debt rating
16th Sep 2015 08:14
(ShareCast News) - Morrisons' has made substantial progress in reducing its levels of debt over the last year and a half, but the competitive pressure from the discounters means that has been more than offset by a fall in earnings and retained cash flows, Moody's said after the close of trading on T
Read moreFTSE 100 movers: Morrison and Marks lead retail rout
14th Sep 2015 16:15
(ShareCast News) - Despite some early gains, the FTSE 100 index closed in the red on Monday, finishing down 0.54% at 6,084.59. The index was led lower by Wm Morrison Supermarkets as its shares were sold down after HSBC slashed its forecasts for 2016-2018 by 20-30% apiece and maintained a 'reduce' ra
Read moreFTSE 100 movers: Barratt up, Morrisons slumps on disappointing results
10th Sep 2015 14:41
(ShareCast News) - London's top-flight index fell on Thursday and by 1439 BST, was down 1.2% to 6,156 as worries about a slowdown in China and concerns that the Federal Reserve might hike rates in September weighed on sentiment. Housebuilder Barratt Developments was a higher riser for the second day
Read moreMorrisons slumps after posting 35% drop in first-half profit
10th Sep 2015 07:09
(ShareCast News) - Shares in supermarket retailer Wm Morrison slumped after it posted a drop in underlying first-half pre-tax profit as revenue declined on the back of price cuts, and warned that the turnaround would take time. Pre-tax profit for the half year to 2 August fell 35% to £117m in the sa
Read moreFTSE 100 movers: Miners and financials drive third successive uptick
9th Sep 2015 14:55
(ShareCast News) - The FTSE 100 index was higher for the third day of the week, led by miners and financials stocks. Diversified miner Anglo American was the leader of the pack with an hour to go on Wednesday as it confirmed the sale of loss-making Rustenberg mining and concentrating operations to S
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