Tuesday tips round-up: Ladbrokes, Morrisons, Dairy Crest...
20th Sep 2011 06:52
The clock is now ticking on Ladbrokes' proposed takeover of Sportingbet, says the Tempus column in the Times. Under the new takeover rules that came into play yesterday, the bookmaker has been given until October 17 to "put up or shut up" which, given that the two sides have been in talks since June
Read moreLondon close: Late rally pulls FTSE 100 into blue
8th Sep 2011 16:32
It was a volatile day for the Footsie on Thursday, as a steady decline after the Bank of England (BoE) rate decision was met with a late afternoon comeback. The Footsie managed to pull above water by 16:30 to finish with a gain of 0.41%. The BoE announced at midday that it had kept interest rates u
Read moreSector movers: Retailers rise after results impress
8th Sep 2011 16:08
The retailers were in demand on Thursday afternoon, defying a generally gloomy outlook for the UK consumer, after some pleasing results from giants Morrison and Home Retail Group. Supermarket chain Morrison's focus on value - and longer opening hours - helped it post sales and profits ahead of expe
Read moreFTSE 100 Movers: Buyers find value at Morrisons
8th Sep 2011 13:16
Heading up was supermarket chain Morrisons after its focus on value - and longer opening hours - helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover climbed to £8.7bn from £8.1bn, while like-for-li
Read moreLondon midday: Stocks stay buoyant
8th Sep 2011 12:02
Shares are posting continued gains as investors take an extended break from fretting about the eurozone crisis. Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year
Read moreBroker tips: Morrison, Vodafone, Afren...
8th Sep 2011 11:24
While Morrison surpassed market forecasts with its half yearly results on Thursday, H2O Markets has reiterated its sell rating on the supermarket giant on the back of an uncertain outlook for the UK consumer. Pre-tax profits rose to £449m from £412m the previous year, turnover climbed to £8.7bn fro
Read moreBroker snap: Sell Morrison despite the half-year beat, says H2O Markets
8th Sep 2011 10:58
While Morrison surpassed market forecasts with its half yearly results on Thursday, H2O Markets has reiterated its sell rating on the supermarket giant on the back of an uncertain outlook for the UK consumer. "Currently, higher fuel prices and austerity measures have pressured consumer disposal inc
Read moreLondon open: Flat start but Home Retail jumps
8th Sep 2011 08:26
Stocks are seeking direction this morning as traders pause for breath following yesterday's big gains Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover
Read moreLondon pre-open: Footsie to continue climbing
8th Sep 2011 07:14
Having climbed back above 5,300 yesterday the Footsie is set to rise further at the outset after Wall Street put in a good shift last night. City sources predict the FTSE 100 will open 22 points up from yesterday's close of 5,319. Supermarket chain Morrisons' focus on value helped it post sales and
Read moreLonger opening hours help Morrisons beat expectations
8th Sep 2011 07:10
Supermarket chain Morrisons' focus on value - and longer opening hours - helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover climbed to £8.7bn from £8.1bn, while like-for-like sales rose by 2.2%. A
Read moreThursday preview: Morrisons, Home Retail
7th Sep 2011 14:48
Fast growing supermarket chain Morrisons releases interim results, and broker Nomura Securities thinks the group's marketing campaigns such as Biggest Ever Price Crunch and Fuel Britannia will have gone down well with "austerity Britain". The broker reckons the company will unveil 2.0% growth, or
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreSector movers: Morrison pulls retailers higher ahead of results
6th Sep 2011 15:29
The food and drug retailers were on the way up, with FTSE 100 supermarket giants Morrison and Tesco among the high risers in the sector. Shares in fast growing supermarket chain Morrisons were 1.82% ahead at 290.3p by 15:46, ahead of the release of its interim results on Thursday. Broker Nomura Se
Read moreLondon midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
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