London afternoon: Advance gathers speed
21st Jul 2009 14:11
London kicked on over the lunchtime session, with risers outnumbering fallers by four to one among FTSE 100 constituents. Wm Morrison leads the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implement
Read moreBroker tips: Morrisons, Next, Fuller's
21st Jul 2009 12:59
Supermarket chain Wm. Morrison has sent members of the investment analyst community scurrying to upgrade their full-year profit forecasts after releasing an upbeat trading statement. Merrill Lynch is a buyer of the shares and is predicting pre-tax profit of £750m for the year to 31 January, 2010. P
Read moreUpdate: Morrison soars after raising forecast
21st Jul 2009 12:21
Supermarket chain Wm.Morrison soared after it said full year results are expected to beat previous forecasts due to continuing customer growth and cost cutting measures. Morrisons, benefitting from its fresh food "Market Street" ranges and its focus on price cuts and promotions, said the strong sta
Read moreLondon midday: Morrisons leads advance
21st Jul 2009 11:57
Retail stocks dominate proceedings in London following trading updates from Morrisons and Next. Wm Morrison leads the risers in the FTSE 100 after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation o
Read moreBroker snap: More reasons to buy Morrisons
21st Jul 2009 11:52
Supermarket chain Wm. Morrison has sent members of the investment analyst community scurrying to upgrade their full-year profit forecasts after releasing an upbeat trading statement. Merrill Lynch is a buyer of the shares and is predicting pre-tax profit of £750m for the year to 31 January, 2010. P
Read moreFTSE 100 movers: Wm Morrison wows brokers
21st Jul 2009 11:50
Supermarket Wm Morrison is making all of the running today after a bullish trading update. Full year results are expected to beat previous forecasts due to continuing customer growth and cost cutting measures. Morrisons, benefitting from its fresh food "Market Street" ranges and its focus on price
Read moreSector movers: Mixed day for retailers
21st Jul 2009 10:44
On a mixed day for retailers, Wm Morrison lifts supermarket groups higher, but Next is proving a drag on general retailers. Wm Morrison climbs nearly 10% after it said full year results are expected to beat previous forecasts due to continuing customer growth and cost cutting measures. Peers Sain
Read moreLondon open: Gains continue for Footsie
21st Jul 2009 08:42
London's blue chips have started another day in positive territory with Footsie more than 15 points higher. The blue chip index has now risen by about 7% in the past few days. Supermarket chain Wm Morrison is confident full year results will be ahead of its earlier expectations due to continuing cu
Read moreLondon pre-open: Shares set to rise
21st Jul 2009 07:31
London's blue chips look set to start another day in positive territory with traders expecting Footsie to open 11 points higher. Supermarket chain Wm.Morrison is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation
Read moreMorrison sees full-year ahead of expectations
21st Jul 2009 07:04
Supermarket chain Wm.Morrison is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting plans. The group said the strong start to the year has been maintained through the second quarter. "An inc
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreLondon close: Footsie falls for fourth week
10th Jul 2009 17:04
London's blue-chip index fell for the fourth week in succession, with insurance and resource stocks the major fallers today. Aviva was the biggest casualty as fears resurfaced about the future of the company's dividend but its fellow life assurance stocks Prudential, Standard Life, Legal & General
Read moreBroker tips: Tesco, BT, Serco
16th Jun 2009 12:58
Broker Charles Stanley expects the market to leave its profit forecasts for Tesco broadly unchanged after the supermarket chain delivered an in-line trading update on Tuesday morning. Although like-for-like sales growth in the UK heartland picked up, rising to 4.3% in the company's first quarter fr
Read moreFriday newspaper round-up: Rio launches $15.2bn rights, ties with BHP
5th Jun 2009 06:15
Rio Tinto launched a deeply-discounted $15.2bn rights issue, scrapped a proposed $19.5bn tie-up with China's Chinalco and struck a joint venture deal with arch rival BHP Billiton in a string of announcements on Friday that will transform the Anglo-Australian mining group's long term future, the FT r
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