Marks & Spencer Halts Search For Strategy Director -FT
3rd Jul 2010 12:39
LONDON (Dow Jones)--Marks & Spencer Group PLC (MAKSY, MKS.LN) has abandoned its search for a strategy director, facing concerns over the compensation of Chief Executive Marc Bolland and Sir Stuart Rose, who preceded him, the Financial Times in London reported Saturday, citing people familiar with th
Read moreAsda squeezed as rivals gain ground
23rd Jun 2010 09:06
Asda's problems continue to mount as the latest market data suggests the Wal-Mart owned supermarket chain is losing ground to all three of its main rivals. Asda's market share has fallen to 16.7%, its lowest level for 18 months, according to the latest figures from Kantar Worldpanel, the consumer r
Read moreFTSE 100 movers: Lloyds heads risers
22nd Jun 2010 16:54
Lloyds Banking is heading the risers on the Footsie despite the bank levy, which will be introduced alongside similar taxes in France and Germany. There was a positive reaction to Costa Coffee owner Whitbread's trading update. Premier Inn and Costa Coffee were the star performers for the hotel and
Read moreSector movers: Supermarkets jump after budget
22nd Jun 2010 15:24
Supermarkets are among the best performing stocks today following Chancellor George Osborne's announcement that VAT will rise to 20% from 17.5%. The measure could squeeze supermarkets' profits by forcing consumers to cut back on expenditure, but the rise will not come into effect until January 4 a
Read moreTesco's UK Grocery Market Share Steady At 30.8% In 12 Wks -Kantar
22nd Jun 2010 14:19
LONDON (Dow Jones)--The U.K.'s biggest retailer by sales Tesco PLC's (TSCO.LN) U.K. grocery market share was held at steady 30.8% in the 12 weeks ended June 13, according to Kantar World Panel market share data Tuesday. The nation's second biggest retailer, Asda Group Ltd., saw its market share
Read moreUPDATE: Sainsbury Shuffles Senior Management Team
21st Jun 2010 13:43
By Steve McGrath and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Monday shuffled its management team, putting current Chief Financial Officer Darren Shapland in charge of future developments at the company, and promoting John Rogers
Read moreM&S Unlikely To Name New Chairman At July Annual Meeting-FT
19th Jun 2010 11:10
LONDON (Dow Jones)--U.K. food, clothing and homeware retailer Marks & Spencer Group PLC (MKS.LN) is unlikely to be in a position to name its next chairman by its target date of July's annual meeting, the Financial Times reported Saturday, citing people familiar with the situation. The newspaper
Read moreMARKET TALK: Liberum Initiates Morrisons With 'Hold'
17th Jun 2010 10:36
0936 GMT [Dow Jones] Liberum Capital initiates coverage on William Morrison (MRW.LN) with a hold rating and 285p target price. "We would expect the new CEO to consider opportunities to enhance growth across the existing network and in this context may revisit the group's low non-food offer and lack
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 10:36
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] 0936 GMT [Dow Jones] Liberum Capital initiates coverage on William Morrison (MRW.LN) with a hold rating and 285p target price
Read more2nd UPDATE: Sainsbury Sales Slow; Sees Low Industry Growth
16th Jun 2010 09:55
(Rewrites. Adds CEO, analysts comments, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter and warned it expects little or no short-term industry growth as U.K. grocers battle infla
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 08:20
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] 0720 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q trading statement is good, says Shore Capital, judging against the backdrop o
Read moreMARKET TALK: J Sainsbury 1Q Statement Positive - Shore
16th Jun 2010 08:20
0720 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q trading statement is good, says Shore Capital, judging against the backdrop of tough comparatives, low inflation and a subdued consumer. Shore says, whilst modest, like-for-like sales growth is in-line with that of Tesco (TSCO.LN) and Morrison (MRW.LN)
Read moreUPDATE: Sainsbury Sales Growth Slows In Line With Forecasts
16th Jun 2010 07:51
(Adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. grocer J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter, but said it is trading in line with forecasts and is well-placed to make good progress in a challenging environ
Read moreMARKET TALK: Sainsbury 1Q Like-For-Like Sales Below Forecast
16th Jun 2010 07:45
0645 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q like-for-like sales of 1.1% excluding petrol but including VAT, are slightly below Execution Noble's estimate of 1.5%, the brokerage says. However, its estimate was ahead of consensus. Execution prefers either Tesco (TSCO) or Morrison (MRW.LN), with 22
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:45
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] 0645 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q like-for-like sales of 1.1% excluding petrol but including VAT, are slightly
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