London open: Stocks near 14-year high after upbeat Asian data
9th Jun 2014 08:33
- China trade surplus doubles as exports rise - Japanese consumer confidence improves, GDP revised higher - Rio gains on Credit Suisse comments - Lloyds fall after pricing TSB IPO techMARK 2,852.63 +0.04% FTSE 100 6,872.71 +0.21% FTSE 250 16,239.01 +0.04% Yet another record close on Wall Street fe
Read moreFriday newspaper round-up: Juncker, Morrisons, Saga
6th Jun 2014 07:31
The frontrunner to head the European Commission has lashed out at Britain in a sign of sharply increasing tensions between Downing Street and Brussels over the race for the top job. Jean-Claude Juncker, the arch-federalist whose election would horrify David Cameron, told a private meeting of Europea
Read moreBroker tips: Smith & Nephew, BSkyB, ASOS, Supermarkets
5th Jun 2014 12:54
Analysts at Credit Suisse said on Thursday that there is a "potential bidding war on the horizon" for medical devices group Smith & Nephew as US peer Medtronic became the latest company rumoured to be interested in the UK group. Satellite broadcaster BSkyB may rein back spending on English Premier
Read moreNomura sees bounce for Morrison and Tesco after supermarket slip
5th Jun 2014 11:08
Broker Nomura has scrutinised recent retail data on the UK supermarkets and concluded that the slowdown was suffered by all of the Big Four grocers and that a bounce is likely later this year, with Morrison and Tesco set to benefit most. Fresh data from market researchers Kantar was "surprisingly
Read moreWm Morrison Chairman Sir Ian Gibson to step down
5th Jun 2014 10:01
Sir Ian Gibson, the long-running Chairman of Wm Morrison, has revealed his intention to step down next year. Gibson, who joined the supermarket chain as Non-Executive Deputy Chairman in September 2007 and was appointed Chairman in March 2008, will not seek re-election at next year's annual general
Read moreThursday newspaper round-up: Smith & Nephew, Saga, Morrisons
5th Jun 2014 07:21
Smith & Nephew could become the centre of an American bidding war after another US company was said to be interested in making an offer for the medical technology company. As shares in the FTSE 100-listed hip replacement maker rose by more than three per cent yesterday, there were reports that Medtr
Read moreLondon close: FTSE drops on ex-divi stocks, supermarkets, US data
4th Jun 2014 16:59
- FTSE 100 closes 17.67 points lower at 6,818.63 - Ex-divi stocks, Tesco, miners provide drag - Focus on US data misses and tomorrow's ECB meeting techMARK 2,822.66 +0.31% FTSE 100 6,818.63 -0.26% FTSE 250 15,986.47 +0.09% Ex-dividends, supermarkets and miners dragged the FTSE to yet another negat
Read moreFTSE 100 movers: Ex-divi and supermarket stocks weigh index down
4th Jun 2014 15:38
National Grid led the fallers after going ex-dividend, with WPP also lower for the same reason. Tesco erased earlier gains and dropped into the red as the decline in like-for-like (LFL) sales at its UK business worsened in the first quarter, with the recent wave of price cuts and competitive measu
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreWednesday broker round-up UPDATE
4th Jun 2014 09:28
Advanced Computer Software: Panmure Gordon ups target price from 139p to 155p and stays with its buy recommendation. Avacta: Numis shifts target price from 1.9p to 2p and retains a buy recommendation. Balfour Beatty: Westhouse Securities reduces target price from 302p to 220p keeping its neutral r
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreLondon close: FTSE weighed by data, supermarkets and miners
3rd Jun 2014 16:59
- FTSE drops 27.80 points to 6,836.30 - China, Eurozone UK construction in focus - Supermarkets hit by Kantar data techMARK 2,814.04 -0.30% FTSE 100 6,836.30 -0.41% FTSE 250 15,971.89 -0.70% A slowdown in UK construction, concerns about growth amongst the Big Four, and Chinese data all contribute
Read moreWednesday preview: Tesco to report first quarter results
3rd Jun 2014 15:36
Tesco is expected to on Wednesday report its worst set of results in 20 years amid growing competition from smaller discount chains. The UK supermarket is forecast to post a 4% fall in first quarter sales, compared to a 2.9% decline in the previous quarter. The company has tried to win back marke
Read moreFTSE 100 movers: Wolseley rises on strong Q3 sales
3rd Jun 2014 15:21
Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company M
Read moreTesco and Morrison sales continue to fall, Kantar reveals
3rd Jun 2014 14:11
Tesco and Morrison sales declined over the past 12 weeks while Sainsbury and Asda achieved growth, Kantar Worldpanel revealed on Tuesday. Overall growth in the grocery market slowed to 1.7%, the lowest level in 11 years. Tesco's sales fell 3.1% year-on-year, giving it a market share of 29%, down f
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