FTSE 100 movers: New chief lifts M&S
18th Nov 2009 14:56
Marks & Spencer is top dog this afternoon after it poached Mark Bolland to be its new chief executive from Wm Morrison. Morrisons, by contrast, has slumped on the news. Bolland joined Morrisons in September 2006, helping the Bradford-based supermarket recover from its problematic acquisition of Saf
Read moreLondon afternoon: Hershey & Ferrero size up Cadbury
18th Nov 2009 14:05
It has been a day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues. Retailer Marks & Spencer (M&S) has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new b
Read moreSector movers: Mark Bolland move shakes up retail stocks
18th Nov 2009 13:15
It's a tale of two retail sectors after Marks & Spencer announced the appointment of supermarket Morrisons' boss Mark Bolland as its new chief executive. He will take up the position in the new year. Bolland joined Morrisons in September 2006, helping the Bradford-based supermarket recover from i
Read moreLondon midday: Market cheers M&S appointment
18th Nov 2009 12:02
Retailer Marks & Spencer (M&S) moved to the top of the news agenda this morning after it announced it has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new boss. While Marks & Spencer's shares responded positively to the appointment, shares in Morrisons fell back o
Read moreMorrisons chief executive becomes new M&S boss
18th Nov 2009 11:45
Marks & Spencer has unveiled the boss of supermarket Morrisons, Marc Bolland, as its new chief executive. He will take up the position in the new year. Sir Stuart Rose will continue as part-time chairman of M&S to ensure a smooth transition and will leave M&S by July 2011. 'M&S is one of the worl
Read moreSainsbury's loses business to rivals
16th Nov 2009 13:21
Supermarket J Sainsbury has lost ground to rivals for the first time since the recession began, according to confidential 'customer switching' data seen by the Times. Market researcher TNS Worldpanel found that over £11m of spending went elsewhere during the 12 weeks to November. The company, whic
Read moreMonday newspaper round-up: Lloyds Banking, Ryanair, British Airways
2nd Nov 2009 06:11
Lloyds Banking will on Tuesday unveil twin sweeteners to persuade existing bondholders to exchange their bonds for riskier investments that could convert into equity - the most innovative, and closely guarded, element of the part-nationalised bank's £25bn recapitalisation programme, the FT writes.
Read moreLondon afternoon: Miners a drag
21st Oct 2009 14:38
Mining stocks and a couple of blue-chips going ex-dividend today pushed the Footsie below 5200 in the morning session though the index showed some signs of recovery over the lunch-time session. Smiths Group and BSkyB are the highest profile stocks in the red as a result of trading in ex-dividend st
Read moreLondon midday: Blue chips turn lower
21st Oct 2009 12:03
Footsie's early drift has given way to more substantial falls as US futures point to a lower opening on Wall Street. Smiths Group and BSkyB are the highest profile stocks in the red as a result of trading in ex-dividend status today. Also on the downturn is London Stock Exchange, after Goldman Sach
Read moreSector movers: Sainsbury bid talk lifts food retailers
20th Oct 2009 10:40
Shares in J Sainsbury are lifting the food and drug retail sector higher amid talk that Qatar's sovereign wealth fund will use the £1.3bn proceeds from the sale of a stake in the bank Barclays to make an offer for the supermarket. Peers Morrisons and Tesco are also higher. Not all is well in the f
Read moreSector movers: Car sector lower as GKN stalls
15th Oct 2009 14:57
The car and car parts sector is lower after automotive and aerospace engineer GKN posted a 3% fall in sales in the three months to September 30 as markets remained tough. Without the impact of its acquisition of Filton, which was completed in January, and currency benefits, sales would have fallen
Read moreLondon close: Retailers weigh on Footsie
13th Oct 2009 16:46
A poor performance from US shares dragged Footsie into the red and the leading index finished the day with substantial losses. Retailers were out of sorts despite some moderately optimistic news from the British Retail Consortium (BRC) concerning retail sales. The BRC said annual retail sales growt
Read moreLondon afternoon: Retailers sag after sales data
13th Oct 2009 14:26
Leading shares remain mixed, with the Footsie easing back into the red over the lunchtime session. Retailers are out of sorts despite some moderately optimistic news from the British Retail Consortium (BRC) concerning retail sales. The BRC said annual retail sales growth in September accelerated to
Read moreLondon close: Sainsbury leads retreat
7th Oct 2009 17:03
After yesterday's 2.26% gain on the Footsie the blue-chip index took a small step backwards today, with half an eye on the US market where the third quarter results season is about to get underway. Supermarket chain Sainsbury was the worst performing blue-chip as sales growth figures disappointed.
Read moreLondon afternoon: Weak Wall St. undermines Footsie
7th Oct 2009 14:48
A soft opening by Wall Street prompted London's blue chips to take a step back, though plenty of firm features are still to be found. Supermarket Sainsbury's is off a few points after a 4.6% rise in like-for-like sales excluding fuel in the quarter to 3 October came in lower than expected. Exclud
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