UPDATE: Tesco Calls For No Rise In VAT As 1Q Sales Slow
15th Jun 2010 08:11
(Adds CEO, FD comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the U.K.'s largest retailer by sales, Tuesday called on the government not to damage a fragile economy by raising value-added tax. Finance Director Laurie McIlwee said t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
15th Jun 2010 07:59
0555 GMT [Dow Jones] Taiwan government bonds end higher on short-covering after bond bears fail to push benchmark 10-year yield through key resistance level, says local brokerage trader. Fresh buying into off-the-run 10-year bond capped its yield at 1.51%, forcing short-covering in current 10-year n
Read moreMARKET TALK: Tesco UK LFL Sales Tad Disappointing - Analyst
15th Jun 2010 07:59
0659 GMT [Dow Jones] Tesco's (TSCO.LN) 1Q like-for-like sales growth of 0.1% ex-VAT are a tad disappointing, but expectations were pretty low, given the moves in petrol and food prices, says Arden Partners analyst Nick Bubb. Notes international sales are solid enough, and says "the detailed and hone
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 07:59
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] 0659 GMT [Dow Jones] Tesco's (TSCO.LN) 1Q like-for-like sales growth of 0.1% ex-VAT are a tad disappointing, but expectations
Read moreTesco UK Sales Slow;Says Well-Positioned For Economic Recovery
15th Jun 2010 07:17
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the U.K.'s largest retailer by sales, Tuesday reported slowing U.K. sales growth in the first quarter but said it is well-positioned for the future. "We're in good shape and well-positioned to deliver furt
Read moreSunday newspaper round-up: BP, George Osborne, Resolution
13th Jun 2010 10:49
BP is considering putting several billion dollars into a ring-fenced clean-up fund to appease American concerns over the soaring cost of the Gulf of Mexico oil spill. The fund is one of several options to be put to the company's board tomorrow ahead of a meeting on Wednesday between Barack Obama a
Read moreWednesday newspaper round-up: BP, Bank Tax, Prudential
9th Jun 2010 06:34
A further £4bn was wiped off BP's market value yesterday after President Obama mounted his strongest attack yet on the company's management, fuelling speculation that Carl-Henric Svanberg, BP's chairman, could be sacrificed in the wake of the Gulf of Mexico oil spill. Shares in BP sank a further 5%
Read moreCORRECT: 2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 18:00
("=2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down," at 1020 GMT, misstated Leahy's age in the third paragraph. The error also appeared in "=PROFILE: Incoming Tesco CEO Clarke Is Company Veteran" at 1521 GMT, "=UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down" at 0812 GMT and "=
Read moreHEARD ON THE STREET: Tesco Contemplates Life After Leahy
8th Jun 2010 17:16
By Molly Neal A DOW JONES COLUMN Sir Terry Leahy has transformed Tesco from a U.K. supermarket to a global retail behemoth in his 14 years at the helm. So it's little wonder the market didn't welcome the unexpected news of his retirement and shares fell Tuesday. But investors shouldn't be to
Read more2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 11:20
(Adds analyst comment, detail.) By Simon Zekaria and Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Tuesday that Chief Executive Terry Leahy will retire in March next year, and Philip Clarke, who curren
Read moreSainsbury CEO King Paid GBP3.35 Million In Fiscal Year 2010
8th Jun 2010 11:03
LONDON (Dow Jones)--J Sainsbury PLC's (SBRY.LN) Chief Executive Justin King was paid GBP3.35 million for the fiscal year ending March 20, according to the U.K. supermarket group's annual report, published Tuesday. The figure, which includes base salary, benefits, share awards and bonuses, rose f
Read moreEuromoney boss sells all his shares
21st May 2010 16:37
Simon Brady has raised £378,000 from selling shares in financial publisher and conferences organiser Euromoney Institutional Investor. He sold 64,509 shares at 586p each. This is the whole of his stake in the company. Brady has been with the group since 1988 and he was appointed to the board in
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreLondon midday: BT leads market higher
13th May 2010 12:07
London's top stocks are making good gains helped by BT's full-year numbers and a decent showing from the miners. BT is the strongest riser on news that telecoms giant returned to the black in the last quarter and the full year and reported a 6% rise in the dividend. Pre-tax profit hit £1.01bn in th
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