Wm Morrison sales growth slows
6th May 2010 07:16
Supermarket group Wm Morrison saw sales growth slow in the first-quarter and warned that it remains cautious on the economic environment and consumer spending. In the 13 weeks to 2 May, like for like sales grew by 0.8% (5.2% including fuel), with total sales excluding fuel up by 5.9% (9.5% includin
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreFTSE 100 movers: Ex-dividend adjustments knock market
5th May 2010 16:00
Footsie is making an attempt to recover this afternoon but it remains well down. This is despite a recovery in the BP share price after Panmure Gordon upgraded the oil company from a sell to a buy. BP shares went ex-dividend today so the rise is even more impressive. The quarterly dividend is 9.22
Read moreLondon open: Rig disaster weighs on BP
30th Apr 2010 08:56
London's top stocks have made only modest gains so far despite the big rise on Wall St overnight. BP and Barclays are weighing on the index. The oil spilling out of the damaged rig in the Gulf of Mexico is now starting to come ashore in Louisiana and the scale of disaster has sent BP shares lower a
Read moreOFT climbs down in dairy investigation
30th Apr 2010 07:09
The Office of Fair Trading has dropped most of its charges of price-fixing against Tesco, Morrisons and other dairy product suppliers between 2002 and 2003 even though the majority of firms accused had already agreed to pay fines. The watchdog added that after receiving new evidence, it concluded i
Read moreSunday tips round-up: Morrisons, Ashtead, ARM
25th Apr 2010 10:40
Morrisons has gathered considerable momentum over the past three years and if it can just maintain that expansion it could outpace its larger rivals, particularly since it is not constrained by competition-concerns over market share. But on top of that there are number of other steps in could take
Read moreFTSE 100 movers: Tesco bucks upward trend
20th Apr 2010 15:07
A strong performance from Footsie means that there are only five fallers in the index. The fallers include supermarkets retailer Tesco and its rival Wm Morrison Supermarkets. This follows Tesco's full year results announcement. Underlying profit rose by 10% to just shy of £3.4bn, with pre-tax prof
Read moreSector movers: Tesco weighs down food retail
20th Apr 2010 12:56
The food retail sector is under pressure after a lukewarm reception for Tesco's full-year results. The supermarket reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year to end February
Read moreCity of London founder buys shares
16th Apr 2010 16:43
City of London Investment Group founder Barry Olliff has acquired 50,000 shares in the asset management company. Olliff, who is chief executive, paid 265p a share, making his investment £132,500. Olliff, who owns 19.9% of AIM-quoted City of London Investment, has been a seller in recent months.
Read moreLondon close: Markets dive
16th Apr 2010 16:21
Along with other global markets, London's benchmark was sideswiped by news that Goldman Sachs has been charged with fraud on subprime mortgages by the US Securities and Exchange Commission. Stocks nosedived around 70 points in the final hour of trading as the news emerged. The banking sector had be
Read moreLondon afternoon: Footsie slips back
16th Apr 2010 14:35
Footsie has drifted back a little with miners among the stocks dragging on the leading share index. Cambridge-based enterprise software giant Autonomy is the heaviest faller in the FTSE 100 though. It said its first quarter results should be in line with the market's expectations. Xstrata is the h
Read moreLondon midday: No broker boost for FTSE 100
16th Apr 2010 12:08
Buoyancy among stocks that have received favourable broker coverage has failed to lift Footsie. RBS is going well after BofA Merrill Lynch raised its target price on the bank to 65p from 45p, highlighting its potential to benefit from economic recovery. 'We still believe RBS is one of most geared
Read moreLondon open: Footsie starts lower
16th Apr 2010 08:18
Footsie has fallen back in early dealings Friday morning but is so far still trading above the 5,800 point mark. Temporary power and heating specialist Aggreko is the worst performer after it said it performed in line with expectations in the first quarter of the year, with healthy revenue rises fr
Read moreOFT fines tobacco manufacturers, retailers £225m
16th Apr 2010 07:20
The Office of Fair Trading has fined two tobacco manufacturers and ten retailers £225m in total after a seven-year investigation into price fixing. The watchdog said it found that the firms engaged in unlawful practices in relation to retail prices for tobacco products in the UK. Each manufacture
Read moreNon-exec buys initial stake in Aberdeen
17th Mar 2010 16:02
Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009. Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each. Fusenig is Co-Chief Operating Officer of Asset Mana
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