Monday newspaper round-up: Bank Rate, Income tax, Cameron
30th Jun 2014 07:32
Interest rates are likely to hit 5% within a decade, according to the outgoing Bank of England deputy governor for monetary policy. Sir Charlie Bean said it would be "reasonable" to expect borrowing costs to return to pre-recession levels in the long term - between five and 10 years. - The Guardian
Read moreLidl to open another 20 UK stores
27th Jun 2014 14:36
Discount supermarket Lidl has unveiled plans to open a further 20 stores across the UK as part of a £220m expansion plan. The news comes as recent data shows the so-called Big Four - Tesco, Sainsbury, Morrison and Asda - have been losing out on market share to the likes of Lidl and fellow low-cost
Read moreBroker tips: Barclays, BG Group, Marks & Spencer, IP Group
23rd Jun 2014 13:04
Canaccord Genuity has upgraded Barclays from 'hold' to 'buy', hailing the bank's recent restructuring efforts. Analyst Arun Melmane said that plans, which include reducing the size of the investment bank to 30% of risk weighted assets from the current 51%, should contribute to a re-rating of the sh
Read moreLondon midday: Stocks fall on Iraq conflict, but Kentz rockets
23rd Jun 2014 12:00
- Iraq tensions push stocks lower as oil rises - Kentz rockets on SNC-Lavalin bid - Mining stocks higher on China data techMARK 2,841.51 -0.68% FTSE 100 6,807.57 -0.26% FTSE 250 15,698.73 -0.59% UK stocks pared losses on Monday morning but were still trading firmly in the red by midday as ongoing
Read moreMorrison announces price cuts to lift sales
23rd Jun 2014 10:03
Morrisons has announced more price cuts of up to 30% in an effort to boost sales. The UK supermarket will slash prices on more than 130 "everyday items" with an average reduction of 14%. The move comes after the group revealed a permanent price cuts to more than 1,000 items earlier in the year.
Read moreMonday newspaper round-up: Iraq, Putin, Mortgage lenders
23rd Jun 2014 07:30
An oil-price spike driven by the worsening crisis in Iraq could derail Britain's recovery, drive up government borrowing, put household finances back under pressure, and damage global growth. With Islamist fighters from Iraq and the Levant taking new ground on the border between Iraq and Syria on Sa
Read moreBroker tips: BT, Wm Morrison, Berkeley...
18th Jun 2014 12:41
BT and Virgin Media owner Liberty Global offer investors the best way to cash in on fixed-line telecom companies' assault on the mobile market, according to broker Goldman Sachs. Goldman said fixed-line players such as BT, which plans to launch business and household mobile products later this year
Read moreMorrisons still a 'sell' amid job cuts, says Shore Capital
18th Jun 2014 10:16
Shore Capital has repeated its 'sell' rating for supermarket group Wm Morrison after the recent announcement that 2,600 store managers are likely to lose their jobs. The job cuts come as part of plans to re-organise and simplify its management structure. Having trialled the new structure on a small
Read moreLondon open: UK stocks rise as investors await BoE minutes, Fed
18th Jun 2014 08:29
- Supermarkets, telecoms lift markets higher - Fed in focus ahead of policy decision - BoE minutes closely watch amid rate-hike speculation techMARK 2,801.10 +0.23% FTSE 100 6,787.81 +0.31% FTSE 250 15,598.89 +0.09% UK stocks markets were putting a decent performance on Wednesday, helped by gains
Read moreFTSE 100 movers: Shire rises on reports of bid preparation
17th Jun 2014 15:37
Pharmaceutical group Shire was making gains after Reuters reported that it has hired investment bank Citi as an advisor as it braces itself for takeover bids. The company's Irish tax base and its mid-sized market value of £22bn makes it a prime acquisition target, analysts told the news agency. Whi
Read moreMorrisons to cut 2,600 jobs amid management shake-up
17th Jun 2014 14:03
William Morrison Supermarkets has confirmed plans to slash 2,600 jobs as part of plans to re-organise and simplify its management structure. Having trialled the new structure on a small scale, the retail chain has decided to roll out the plan across the group. Chief Executive Dalton Philips said
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreFTSE 100 movers: Housing stocks make gains
9th Jun 2014 14:49
Housing stocks were in demand today amid speculation that the government could soon announce measures to incentivise building on brownfield sites across the UK. Barratt Developments led the sector higher, with last week's announcement that the government is set to boost housing supply in the UK ami
Read moreLondon midday: Upbeat global data gives UK stocks a lift
9th Jun 2014 11:30
- Housebuilders, miners lift markets higher - Chinese and Japanese data boosts sentiment - US stock futures flat at record highs - Lloyds prices TSB IPO well below book value techMARK 2,850.52 -0.04% FTSE 100 6,870.36 +0.18% FTSE 250 16,191.67 -0.25% Upbeat economic data from across the globe and
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