UK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 14:35
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] 1335 GMT [Dow Jones] The timing of the rise in value-added-tax to 20% from 17.5% from January 4 next year protects the key Ch
Read moreMARKET TALK: UK VAT Rise Protects Christmas Trading - Barclays
22nd Jun 2010 14:35
1335 GMT [Dow Jones] The timing of the rise in value-added-tax to 20% from 17.5% from January 4 next year protects the key Christmas trading period and will benefit retailers, says Head of Retail & Wholesale at Barclays Corporate, Richard Lowe. He says the timing will also help stimulate sales betwe
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 moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 14:11
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] 1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 14:11
0626 GMT [Dow Jones] Situation in Europe is such dark cloud, says Rory Robertson at Macquarie; reckons Australian central bank may be on hold for quite a while. "Having paused in June and being about to pause again in July ahead of CPI, I think the RBA would love to remain on hold for the rest of th
Read moreMARKET TALK: VAT Rise To Squeeze UK Discretionary Income-Shore
22nd Jun 2010 14:11
1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in '11 and will make it harder for retailers to maintain performance levels, Shore Capital analyst Clive Black says. However, Black adds the impact will be partially offset by a
Read moreMARKET TALK: UK VAT Rise Expected; To Burden Retailers - PWC
22nd Jun 2010 13:48
1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retailers, Pricewaterhouse Coopers analyst Mike Bailey says. Says the rise to 20% was well-forecasted before the announcement Tuesday. Says retailers will face a burden although the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 13:48
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] 1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retaile
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 13:48
0621 GMT [Dow Jones] USD/CNY extends gains in afternoon session following fresh USD demand from large state-owned Chinese banks, traders say. "We are seeing several big names buying at around CNY6.8200 and it's continuing," says Guangzhou-based trader at foreign bank. Another Shanghai-based trader a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 13:48
0619 GMT [Dow Jones] (An item at 0600 GMT, misstated Yang Ming Marine's closing stock price. The correct version follows:) Taiwan shares end down 0.3% at 7612.68 in quiet trade, taking breather after ending at 5-week high yesterday. Hua Nan Securities Investment Assistant Vice President Henry Miao t
Read moreSainsbury To Assess Opportunities To Enter China
22nd Jun 2010 11:41
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Tuesday said is assessing opportunities to enter the Chinese market given rapid economic expansion taking place there. "We do not see international expansion as part of our short
Read moreMARKET TALK: Sainsbury Start-Up China Would Make Sense
22nd Jun 2010 07:38
0638 GMT [Dow Jones] J Sainsbury (SBRY.LN) is considering entering the Chinese market after announcing the biggest management shake-up of Justin King's reign as chief executive, according to a newspaper report. Sainsbury has a poor record overseas, so it will need to tread carefully, says an analyst
Read moreSainsbury Shuffle Hints At China Venture - Report
22nd Jun 2010 06:34
LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) is considering entering the Chinese market after announcing the biggest management shake-up of Justin King's six-year reign as chief executive, U.K. newspaper The Times reports Tuesday. The supermarket appointed a new chief financial officer Monday a
Read moreTuesday newspaper round-up: Budget, Sainsbury's, Jupiter
22nd Jun 2010 06:28
George Osborne will claim today that the harshest Budget for 30 years will squeeze the rich more than it hits the poor. The Chancellor will seek to sell his package of record spending cuts and tax rises as being stamped by fairness as he tries to win public support for a four-year austerity drive.
Read moreLondon afternoon: Miners lead the advance
21st Jun 2010 14:20
China's decision to delink the yuan from the US dollar has provided UK stocks with a lift and calmed nerves ahead of tomorrow's hair-shirt Budget from chancellor of the exchequer George Osborne. Miners are the main beneficiaries of the optimism engendered by China's move, with Vedanta, Rio Tinto, X
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