Sector movers: Tesco drags retailers lower after poor Q1 update
5th Jun 2013 15:11
Food and drug retailers were the worst performers of the day on Wednesday after a disappointing trading update from supermarket titan Tesco weighed on sentiment. Headline group sales (excluding petrol) in the first quarter grew 2.7% at the FTSE 100 group, but were flat at constant currency rates an
Read moreSector movers: High Street retailers rise but supermarkets fall
30th May 2013 14:00
Retail stocks were putting in a mixed performance on Thursday with High Street stocks making gains and supermarket firms in the red. The General Retail sector was among the best performing categories this afternoon with B&Q owner Kingfisher making solid gains despite a slightly disappointing first-
Read moreMorrison Supermarkets appoints Senior Independent Director
24th May 2013 13:42
Morrison Supermarkets appoints on of its current non-Executive Directors, Philip Cox CBE, as its Senior Independent Director. Cox will continue to occupy his role as the company's Audit Committee Chair. The share price fell 0.43% to 280.10p by 13:45 Friday. NR
Read moreWaitrose boss refuses to meet Ocado chief after Morrisons deal
23rd May 2013 13:55
Head of Ocado, Tim Steiner, said Waitrose boss, Mark Price, has given him the cold shoulder after the online grocer made a deal with rival Morrison Supermarkets, The Telegraph reported. Ocado, which looks after the online operations of Waitrose, has agreed to help Morrisons launch its first shoppi
Read moreThursday newspaper round-up: Ocado, UK Mail, Hibu...
23rd May 2013 06:54
The Telegraph says that Waitrose head Mark Price is refusing to meet with Ocado chief Tim Steiner after the online grocery group agreed to help rival Morrison develop an online shopping website. According to The Times, British parcel delivery group UK Mail is close to signing a deal with the Depart
Read moreLondon close: Bernanke's dovish tone sparks surge late on
22nd May 2013 17:12
After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs. The benchmark index extended its impressive year-to-date rise to nearly 16% today after Ben Bernanke initiated a dovish to
Read moreFTSE 100 movers: Morrison shares hit by placing news
22nd May 2013 14:58
Shares in Morrison were falling sharply after UBS confirmed that it had placed around 100m shares in the supermarket stock on behalf of an institutional seller at 280p each, well below yesterday's closing price of 289.30p. Chip designer ARM Holdings was also under pressure today following its inve
Read moreLondon midday: Stocks pull back as UK retail sales drop
22nd May 2013 12:02
Disappointing retail sales in the UK saw markets pull back from a 13-year highs on Wednesday morning while traders kept a close eye on central banks around the world. UK retail sales volumes fell sharply in April, by 1.3% month-on-month as the poor weather continued to lead shoppers to forego purch
Read moreLondon close: FTSE 100 hits new multiyear highs after US data
17th May 2013 16:29
The FTSE 100 rallied in afternoon trade after some better-than-expected economic data from the States, pushing the index to new five-and-a-half-year highs. A strong surge so far this month has now lifted London's equity benchmark to within touching distance of the 2007 high of 6,751. The Footsie ha
Read moreFTSE 100 movers: RBS rises into top spot on UBS comments
17th May 2013 14:42
Banks were making a strong rise after UBS lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve. In a research report titled 'Post-crisis banking', UBS said that the tone of its Global FID conference earlier
Read moreLondon midday: Markets rally as banks rise
17th May 2013 11:47
After a subdued start, the FTSE 100 pushed into positive territory ahead of the opening bell in New York with financials leading the rise after a broker upgrade. The Footsie breached the 6,700 mark yesterday for the first time since mid-2007 after 10 consecutive sessions in the blue, before falling
Read moreLondon open: Stocks pull back after strong gains
17th May 2013 08:32
The FTSE 100 registered moderate falls in early trading on Friday in aftermath of a series of disappointing economic figures, as markets pulled back after a strong showing over the last two weeks. London's benchmark index has gained around 4.0% since the start of May, rising to levels not seen sinc
Read moreLondon pre-open: Slight decline expected in opening trade
17th May 2013 07:33
City sources predict the FTSE 100 will open down four points from yesterday's close of 6,688, ahead of the latest reading of the US consumer sentiment index, EU car registrations and the German wholesale price index. UK stocks finished in a mixed fashion on Thursday, while US markets were in decli
Read moreMorrisons confirms deal with Ocado to launch online grocer
17th May 2013 07:07
Morrison Supermarkets has confirmed it is teaming up with Ocado Group to launch its first shopping website in January next year. The partnership had been expected as the two have been in talks since Morrison announced it was moving online in its annual results in March. Online grocer Ocado will p
Read moreFTSE 100 movers: easyJet rises after narrowing losses
15th May 2013 14:49
easyJet narrowed its half-year losses as the low-cost airline took initiatives to boost revenues and cut costs. Loss before tax for the six months to March 31st 2013 came to £61m, a 45.5% drop from the prior year's loss of £112m. The LSE also made strong gains after posting a seven per cent rise
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