Tesco leads sales falls in the last three months, Nielsen says
21st Nov 2014 12:54
Ailing supermarket group Tesco came out at the wrong end of another set of sales data on the UK's food retailers on Friday. Tesco was the biggest sales faller of the 'big four' supermarkets in the 12 weeks to 8 November, dropping 4.2% versus the same period a year ago, according to figures from r
Read moreTuesday newspaper round-up: Quindell, UK supermarkets, Japan...
18th Nov 2014 06:42
Insurance claims processor Quindell has ousted founder and chairman Rob Terry from its board "in a dramatic attempt to restore investor confidence", writes the Financial Times. The company is expected to announce the news on Tuesday morning, the paper said, citing people familiar with the situation.
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read more'Big Four' supermarkets could face closures, Waitrose boss warns
16th Nov 2014 12:07
UK supermarkets Tesco, Morrisons, Asda and Sainsbury could be forced to close some of their stores, Waitrose chief Mark Price has warned. Price, who has been notably vocal about the current picture on the grocery market in recent times, said it would be "incredibly hard to call" whether the 'big fou
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreFriday newspaper round-up: Asda, British American Tobacco, BT...
13th Nov 2014 17:29
Asda has accused its rivals of being "desperate" and misleading customers with price gimmicks, the Daily Telegraph reported on Friday. Barry Williams, one of the supermarket chain's most senior executives, said Asda's traditional rivals were feeling "chirpy, chirpy not cheap, cheap", as they vowed t
Read moreLondon close: FTSE ends higher after busy day for company news
10th Nov 2014 17:06
UK stocks ended the session on a high, helped by gains across the Pond and hopes of stimulus from China following the weekend's data. The FTSE 100 climbed 44.01 points to end the day at 6,611.25. "In London, the equity market was drawn to the psychological 6,600 mark as trading volumes are as thin
Read moreFTSE 100 movers: Charles Stanley makes contrarian call on Tesco
10th Nov 2014 16:19
Supermarket rivals Tesco and Wm Morrison were among the best performers, but Sainsbury was in the red after Cantor Fitzgerald cut its target price from 320p to 275p ahead of the results of its strategic review due out this week. Although an additional decline in profits in 2015/2016 is almost inevit
Read moreAldi set to create 35,000 jobs as part of UK expansion
10th Nov 2014 15:48
Discount supermarket chain Aldi has announced it intends to create some 35,000 new jobs in the UK. On Monday, the German firm unveiled plans for a £600m investment, which would see the number of stores across the country doubled to 1,000. "This includes plans to create at least one apprenticeship p
Read moreSector movers: Sainsbury drops, but Tesco lifts supermarket sector higher
10th Nov 2014 14:51
Shares in J Sainsbury were in the red on Monday but the wider UK food and drug retail sector was the best-performing category on the back of gains from much larger rival Tesco. Tesco, the largest retailer in the UK with a market capitalisation of around £15.7bn, was trading nearly 4.7% higher at 193
Read moreLondon midday: Mining stocks push FTSE 100 to five-week high, Serco drops
10th Nov 2014 11:27
UK stocks started the new trading week on the front foot with mining shares resilient despite some mixed economic data from China overnight. However, Serco was the standout mover with the FTSE 250 outsourcing stock losing as much as a third of its value after a profit warning and proposed rights iss
Read moreFTSE 100 movers: Retailers Marks & Spencer and Morrisons lead gains
6th Nov 2014 15:23
Shares of Marks & Spencer were registering sharp gains for a second day on Thursday as analysts at Deutsche Bank, Citi and UBS all upgraded their price targets on the stock. The shares gapped higher at the start of trading, pushing the stock further above its 200-day moving average, according to ana
Read moreSector movers: Supermarket stocks advance as Morrisons shares jump
6th Nov 2014 14:30
Supermarket shares surged on Thursday after third-quarter results from Wm Morrison were warmly-received, sending the food and drug retail sector firmly to the top of the pile on London's stock market. Morrisons' share price was up 7.6% at 174.8p in afternoon trade after the company reported improvin
Read moreBroker tips: WM Morrison, Astrazeneca, M&S, Shanks
6th Nov 2014 13:00
Shore Capital has retained a 'hold' rating for supermarket group Wm Morrison after a mixed set of third-quarter results, saying that it is "critical" that trading improves over the pivotal Christmas period. "It is essential that the group trades much more robustly in the current quarter and then dis
Read moreLondon midday: UK retailers rise on Morrison results, but markets flat ahead of ECB
6th Nov 2014 11:44
The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector. However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central B
Read more