Sainsbury Declines Comment On Qatari Bid Rumours
7th Jul 2010 10:58
LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) Wednesday declined to comment on speculation that minority shareholder Qatar Investment Authority, or QIA, is preparing a bid of around 500 pence a share for the U.K. supermarket group. "We do not comment on rumour and speculation," a spokesman for t
Read moreMARKET TALK: RBS Downplays Qatari Bid For Sainsbury Talk
7th Jul 2010 10:19
0919 GMT [Dow Jones] Royal Bank of Scotland analysts downplay speculation that the Qatar Investment Authority [QIA] is preparing a bid of around 500p a share for Sainsbury (SBRY.LN). "Who knows (apart from the QIA and its advisers) is the real answer. This speculation seems to come every three to s
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
7th Jul 2010 10:19
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] 0919 GMT [Dow Jones] Royal Bank of Scotland analysts downplay speculation that the Qatar Investment Authority [QIA] is pr
Read more3rd UPDATE: Diageo To Flood Pension Deficit With Whisky
1st Jul 2010 17:10
(Adds details, comment.) By Michael Carolan and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, as it becomes the latest U.K. company to use unusual assets to solve pens
Read more2nd UPDATE: Diageo To Flood Pension Deficit With Whisky
1st Jul 2010 13:28
(Adds detail and comment.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, in the latest example of companies using existing assets to solve pension headaches.
Read moreUPDATE: Diageo To Use Maturing Whisky To Plug Pension Gap
1st Jul 2010 11:09
(adds detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it's transferring more than 2 million barrels of its maturing whisky to its pension fund as it seeks to plug its GBP862 million pension deficit. The company
Read moreDiageo To Use Maturing Whisky To Plug Pension Gap
1st Jul 2010 07:48
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it's transferring some of its maturing whisky assets to its pension fund as it seeks to plug its GBP862 million pension deficit. The company said in a a statement it has agree
Read moreNon-exec's firm cashes in at Lancashire
28th Jun 2010 16:33
Lancashire Holdings non-executive director Barry Volpert is chief executive of private equity firm Crestview, which has raised more than £4.7m from the sale of shares in the property, aviation and marine insurer. The share prices of the five separate disposals varied from 497p to just over 500p. C
Read moreUPDATE: Asda's Bond: UK Grocers Face Two Years Of Limited Growth
24th Jun 2010 13:03
(Adds details, background.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The chairman of supermarket chain Asda Group Ltd., Andy Bond, said U.K. grocers are facing two years of limited growth as the retail sector battles macroeconomic headwinds. In an interview with
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 moreWednesday newspaper round-up: Budget, Asda, BP
23rd Jun 2010 06:35
Every household in Britain will be worse off after George Osborne unveiled £29bn worth of annual tax rises and the biggest cuts in public spending for almost a century. In an ambitious attempt to reduce the nation's borrowing, the Chancellor said everyone had to share the pain to repair "the ruins"
Read moreJ Sainsbury CEO: UK VAT Rise Date Is Disappointing
22nd Jun 2010 19:08
By Simon Zekaria Of DOW JONES NEWSWIRES The chief executive of U.K. supermarket group J Sainsbury PLC (JSAIY,SBRY.LN) on Tuesday expressed his disappointment over the date of the rise in value added tax next year. The coalition government is raising the tax to 20% from 17.5% on Jan 4. "
Read more2nd UPDATE:Retailers Says VAT Rise Expected;Finalizing 2011 Changes
22nd Jun 2010 15:29
(Adds company, analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. retailers Tuesday said the rise in value-added-tax announced in the coalition government's emergency budget was expected and the announcement provides clarity to facilitate industry
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 moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 14:35
0630 GMT [Dow Jones] USD/HKD drifts higher, at 7.7773 vs 7.7721 late yesterday; trader from U.K. bank says various banks selling HKD to lock in profit, as euphoria over potentially stronger CNY has waned, though sales weren't heavy. "The key thing to look at will be the yuan. Agricultural Bank's upc
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