FTSE 100 movers: Supermarket stocks slide after Kantar data
23rd Sep 2014 16:07
Tesco continued to slide a day after warning that it had "overestimated" its predicted first-half figures with more bad news coming in the form of the latest Kantar data, which showed another drop in the retailer's sales and market share. Shares in sector peer Sainsbury were also weaker after reveal
Read moreFTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreSector movers: Retailers and miners lead the downside on the FTSE
22nd Sep 2014 14:23
The supermarket sector was firmly in the red on Monday after Tesco was forced to admit that it had over-stated its first half profit guidance by £250m. The company has suspended four of its executives, including the UK managing director, and said it plans to investigate the matter. The food retaile
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreLondon midday: Stocks gain but Scottish uncertainty limits upside
12th Sep 2014 12:12
UK stocks were making gains on Friday as investors shrugged off weak construction data and picked up some bargains after equity markets hit a three-week low the previous session. London's FTSE 100, which has traded within a tight range for the whole week, was 0.2% higher at 6,815 by midday after clo
Read moreLondon open: UK stocks bounce off three-week low but gains limited
12th Sep 2014 08:51
UK stocks edged higher on Friday but choppy trading continued with investors concerned about the potential impact from a 'yes' vote on Scottish independence next week. Supermarket stocks were among the best performers as Morrisons extended gains made the previous session, while banks advanced, thoug
Read moreLondon close: Referendum jitters weigh on stocks
9th Sep 2014 18:20
London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r
Read moreLondon open: Subdued start as markets await UK data
9th Sep 2014 08:39
UK stocks were trading slightly lower on Tuesday morning as investors prepared for a raft of economic data on the British economy. The FTSE 100 was 0.1% lower at 6,830 in early deals, trading in the red for the third straight day. Stocks came under pressure on Monday on the back of growing support
Read moreElliott supermarket inquiry warns of potential horsemeat repeat
4th Sep 2014 16:00
UK supermarket competition is so intense that the country is being at risk of another potential horsemeat scandal, a new government report has warned. The report, commissioned in the wake of last year's revelations that some supermarket 'beefburgers' contained high proportions of horsemeat, caution
Read moreSector movers: Tesco, Morrison lead supermarket stocks lower
4th Sep 2014 15:16
Supermarket stocks were under pressure on Thursday, continuing their recent choppy trade amid ongoing concerns about heightened competition, declining profits, dividend sustainability and a critical government into the industry. The Elliott Report, an inquiry into the industry launched as a result
Read moreLondon close: FTSE closes slightly higher after construction, US data
2nd Sep 2014 17:11
- FTSE closes up 3.86 at 6,829.17 - Construction PMI better than expected - US data impresses techMARK 2,859.07 +0.02% FTSE 100 6,829.17 +0.06% FTSE 250 15,965.43 +0.05% The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahea
Read moreFTSE 100 movers: Weir upgraded, mining stocks gain
2nd Sep 2014 14:21
Engineering firm Weir Group was a high riser on Tuesday after Credit Suisse upgraded the shares from 'neutral' to 'outperform' and hiked its target price from 2,540p to 3,060p. The bank said that the stock offers "a better relative risk return profile" near term than sector peer IMI which it downgra
Read moreLondon midday: Stocks rise on UK construction data, ECB hopes
2nd Sep 2014 12:00
- UK construction PMI unexpectedly rises - Stimulus hopes high ahead of Thusday's ECB meeting - Weir lifted by Credit Suisse upgrade - Mining, supermarket stocks provide a lift techMARK 2,855.10 -0.12% FTSE 100 6,835.10 +0.14% FTSE 250 15,970.91 +0.09% UK stock rose for the third straight session
Read moreTuesday tips round-up: Sainsburys, Berkeley Group
2nd Sep 2014 07:35
Sainsbury's full-year dividend pay-out of 17.3p per share is covered almost twice by its earnings. Indeed, the group's chief financial officer thinks the balance sheet is strong, but The Daily Telegraph's Questor team has its concerns. After all, last year's dividend of £320m in cash was part financ
Read moreTuesday newspaper round-up: Scotland, Boris Island, Supermarkets
2nd Sep 2014 06:53
Scotland is within touching distance of independence, according to a poll for The Times which reveals that Alex Salmond's campaign to leave the United Kingdom needs only three more points to claim victory. With 16 days to go until millions of Scots vote in the referendum, a YouGov poll put support f
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