London open: Footsie falls as retailers suffer
9th Sep 2010 08:27
Shares are slightly lower in early dealings after updates from the retail sector were given a frosty reception. Supermarket Morrisons falls back even though it posted profits broadly in line with expectations for the six months to August 1. It also unveiled a move into the convenience store market
Read moreLondon pre-open: Retailers in focus
9th Sep 2010 07:35
Retailers are likely to be in focus in early trading after supermarket chain Morrisons and Argos and Homebase owner Home Retail Group updated the market on trading. City sources expect a mixed opening, with the blue-chip index tipped to start around five points lower than last night's close. Retai
Read moreMorrisons to open smaller shops
9th Sep 2010 07:03
Supermarket Morrisons posted profits broadly in line with expectations for the six months to August 1 and unveiled a move into the convenience store market as new chief executive Dalton Philips makes his mark on the company. Pre-tax profits totalled £412m, down from £449m over the same period the p
Read moreThursday preview: Morrisons, Redrow, BoE rate decision
8th Sep 2010 17:40
Supermarket chain Wm. Morrison releases interim figures on Thursday, the first results to be released since Dalton Philips first sat down in the chief executive's chair back in late March. "Philips is expected to present his initial thoughts on the business, rather than a full-blown strategic revie
Read moreWeek Ahead:Ocado, Morrisons, BoE rate decision
3rd Sep 2010 11:43
The recent flotation of loss-making grocery delivery firm Ocado has been described as one of the least successful in recent memory, but shares have perked up in the last week ahead of next Tuesday's interim results. The revival was sparked by some broker comment at the end of August. Goldman Sachs
Read moreTuesday tips round-up: Wm Morrison, Morgan Sindall, RM...
10th Aug 2010 06:46
Wm Morrison, the supermarket chain, trades on a 2011 price to earnings ratio of 11.9, which makes it one of the cheapest European food retail stocks. Morrisons will face a constrained consumer over the next year, but its plans to become a "nationwide" grocer by further expanding in the south, prog
Read moreWednesday newspaper round-up: Interest rates, Egg, BP
4th Aug 2010 06:34
Interest rates may have to rise far more sharply than households and markets expect as the Bank of England moves to head off inflation risks, the former deputy governor said yesterday, the Times reports. Sir John Gieve told a City of London audience that solid economic growth could prompt the Bank
Read moreAsda Ends Below-Cost Alcohol Sales
22nd Jul 2010 15:05
LONDON (Dow Jones)--Wal-Mart Stores Inc.'s (WMT) U.K. grocer Asda Group Ltd. Thursday said it has made an official commitment to the British government not to sell alcohol below the cost of duty plus value-added-tax. "I see this as a small but important first step in the process towards creating
Read moreTesco UK Grocery Market Share Falls To 30.7% For 12 Wks-Kantar
20th Jul 2010 14:19
LONDON (Dow Jones)--Tesco PLC's (TSCO.LN) U.K. grocery market share fell slightly to 30.7% in the 12 weeks ended July 11, according to Kantar Worldpanel market share data Tuesday. Tesco, the U.K.'s biggest retailer by sales, saw its market share fall from 30.8% for the same period last year.
Read moreUPDATE: M&S Chairman Defends Senior Exec, CEO Pay Policy
14th Jul 2010 17:12
(Adds chairman, company comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Marks & Spencer Group PLC (MKS.LN) Chairman Stuart Rose Wednesday defended the retailer's senior executive remuneration policy and the pay awarded to Chief Executive Marc Bolland at th
Read moreMarks & Spencer Chairman Defends Senior Exec, CEO Pay Policy
14th Jul 2010 15:30
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Marks & Spencer Group PLC (MKS.LN) Chairman Stuart Rose Wednesday defended the retailer's senior executive remuneration policy and the pay awarded to Chief Executive Marc Bolland at the company's annual shareholders meeting. "W
Read moreMARKET TALK: Morrison 2H Trading To Pick Up -Arden
9th Jul 2010 08:51
0751 GMT [Dow Jones] William Morrison's (MRW.LN) trading performance in the second half of the fiscal year will pick up, Arden Partners analyst Nick Bubb says. It "has been under pressure because of flat like-for-like trading across the industry, but we still think that the second half will pick up.
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jul 2010 08:51
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0751 GMT [Dow Jones] William Morrison's (MRW.LN) trading performance in the second half of the fiscal year will pick up, Arde
Read moreMARKET TALK: Collins Stewart Ups Wm Morrison To Buy From Hold
6th Jul 2010 11:24
1024 GMT [Dow Jones] Collins Stewart upgrades Wm. Morrison (MRW.LN) to buy from hold and raises price target to 300p from 277p. Notes Morrison is now one of the cheapest European food retail stocks, at an almost 10% discount to the sector. Thinks this is unjustified given the earnings growth potenti
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
6th Jul 2010 11:24
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1024 GMT [Dow Jones] Collins Stewart upgrades Wm. Morrison (MRW.LN) to buy from hold and raises price target to 300p from
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