WM Morrison swings to annual loss, unveils major turnaround
13th Mar 2014 07:00
- Major investment programme announced - Underlying profits fall 13 per cent, turnover down two per cent - Dividend up 10 per cent - Exit from non-core activities announced and property disposals Supermarket group WM Morrison said it will undergo a major turnaround and cut prices after it swung to
Read moreFTSE 100 movers: G4S disappoints with 'extremely challenging year'
12th Mar 2014 15:00
G4S failed to impress with its 2013 results after an 'extremely challenging year' which saw the security solutions provider swing to a statutory pre-tax loss of 170m pounds, from a profit of 313m pounds in 2012. A number of heavyweight FTSE 100 stocks were lower after going ex-dividend, including M
Read moreThursday preview: Morrison posts annual results
12th Mar 2014 14:00
Morrison Supermarkets will be in the spotlight on Thursday when the UK grocer is expected to report its lowest annual profit in five years. The company may report a pre-tax profit of £783m in the year to February 2nd 2014, down 13% on the £901m it made a year earlier, according to the consensus fo
Read moreFTSE 100 movers: Sports Direct in top spot as banks head lower
11th Mar 2014 14:48
Sports Direct was the day's top riser, gaining strongly after shareholders approved a huge 65m pound bonus plan for founder Mike Ashley. The payout is dependent on the company achieving earnings before interest, tax, depreciation and amortisation (EBITDA) of £330m in 2014 and £410m in 2015 - the l
Read moreTesco and Morrison see their market shares fall
11th Mar 2014 12:25
The pressure on the big four supermarkets intensified during the 12 weeks ended on March 2nd, according to the latest data available from Kantar Worldpanel. That came as Aldi's year-on-year growth rate accelerated to a record 33.5% pace so that it now accounts for 4.3% of the market. Lidl's share
Read moreLondon midday: Stocks near four-week low, supermarkets fall
11th Mar 2014 11:37
- Markets at lowest in nearly four weeks - Russia said to be drawing up counter offer to US - Supermarkets fall after Kantar data techMARK 2,841.55 -0.13% FTSE 100 6,674.07 -0.23% FTSE 250 16,448.94 -0.01% After a quiet start, UK stocks fell into the red by Tuesday lunchtime with retailers and ba
Read moreLondon open: Stocks edge higher ahead of UK data
11th Mar 2014 08:31
- FTSE 100 up after hitting lowest since February 14th - Mark Carney, UK data in focus - Inchcape up after record results techMARK 2,851.92 +0.24% FTSE 100 6,692.77 +0.05% FTSE 250 16,506.44 +0.34% UK markets edged higher on Tuesday after hitting their lowest levels in nearly a month the previous
Read moreMonday newspaper round-up: Crimea, Malaysian Airlines, Zero-hours
10th Mar 2014 07:03
The situation in Crimea does not pose a risk to Britain´s energy security as natural gas is imported from Norway. Also, power providers hedge their supplies 18 months in advance. Hence, there would be no excuse for them to raise prices on consumers. However, Ed Davey also told the BBC that an escala
Read moreSunday newspaper round-up: WM Morrison, BP, Barclays
9th Mar 2014 10:14
WM Morrison is preparing to announce aggressive price cuts and 500m pounds of property sales this week, the Sunday Times reported. The price cuts aim to take on Aldi and Lidl, the German chains whose prices have lured MM Morrison customers. The £500m of property sales out of a total portfolio of £10
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreLondon close: FTSE ends in the red, Tesco weighs heavily
26th Feb 2014 16:26
- FTSE ended 31 points lower - US new home sales higher than expected - Tesco fails to impress investors techMARK 2,899.47 -0.12% FTSE 100 6,799.15 -0.46% FTSE 250 16,471.66 -0.34% UK markets finished today's session in the red, hit by a combination of weaker sentiment, ex-dividends, and concerns
Read moreFTSE 100 movers: Tesco marked down by analysts
26th Feb 2014 14:35
Engineering solutions provider Weir soared to the top of the risers today after it posted an in-line set of full-year results, as a positive performance by the Minerals division helped to offset an otherwise "challenging" year for the group. Looking ahead, the company believes it will return to unde
Read moreLondon midday: Chinese data hits miners, BAE and Rexam drop
20th Feb 2014 11:35
- Markets pare early losses but still trading lower - Weak Chinese data weighs on mining stocks - FOMC minutes prompt rate hike fears - BAE, Rexam fall sharply after 2013 results techMARK 2,861.08 -0.50% FTSE 100 6,777.54 -0.28% FTSE 250 16,246.72 -0.62% UK markets were trading in the red on Thurs
Read moreLondon open: BAE, Rexam lead markets lower early on
20th Feb 2014 09:04
- BAE and Rexam disappoint with guidance - Mining stocks fall after Chinese manufacturing data - FOMC minutes in focus techMARK 2,849.73 -0.90% FTSE 100 6,750.47 -0.68% FTSE 250 16,220.96 -0.77% UK stocks fell on Thursday morning, tracking losses on US and Asian markets, with heavy losses from blu
Read moreSector movers: Ongoing Morrison buyout rumours drive grocers higher
19th Feb 2014 15:28
The supermarket sector was making decent gains on Wednesday as ongoing buyout speculation drove the share price of UK grocer WM Morrison higher in afternoon trade. The stock was up 4.7% at 243.5p by 15:31, after having hit a 52-week low of 229.9p earlier in the session. Last week it was reported t
Read more