Lidl to open another 20 UK stores
27th Jun 2014 14:36
Discount supermarket Lidl has unveiled plans to open a further 20 stores across the UK as part of a £220m expansion plan. The news comes as recent data shows the so-called Big Four - Tesco, Sainsbury, Morrison and Asda - have been losing out on market share to the likes of Lidl and fellow low-cost
Read moreLondon midday: Stocks rise as M&A boosts Shire, TSB jumps on debut
20th Jun 2014 11:39
- FTSE 100 at one-week high - Shire jumps after rejecting £27bn AbbVie proposal - TSB rises strongly after IPO - Iran still in the spotlight as Obama sends advisers techMARK 2,849.46 +1.26% FTSE 100 6,827.82 +0.29% FTSE 250 15,761.52 +0.49% UK stocks were making gains on Friday as yet more M&A fev
Read moreSainsburys sets up joint venture to re-launch Netto in UK
20th Jun 2014 09:11
Supermarket group Sainsburys is teaming up with Danish group Dansk Supermarked (DS) to bring discount retailer Netto back to the UK. Sainsbury's is launching a joint venture with DS to open 15 Netto stores in the UK by the end of 2015, with the first opening in northern England later this year. Th
Read moreLondon open: UK stocks rise as investors await BoE minutes, Fed
18th Jun 2014 08:29
- Supermarkets, telecoms lift markets higher - Fed in focus ahead of policy decision - BoE minutes closely watch amid rate-hike speculation techMARK 2,801.10 +0.23% FTSE 100 6,787.81 +0.31% FTSE 250 15,598.89 +0.09% UK stocks markets were putting a decent performance on Wednesday, helped by gains
Read moreFTSE 100 movers: Randgold tracks gold higher
11th Jun 2014 15:26
Mining group Randgold Resources was a top performer on Wednesday, carried on the back of a recovering gold price. J Sainsbury was also higher after coming in slightly ahead of expectations with a 1.1% first-quarter fall in like-for-like (LFL) retail sales, excluding fuel. Outgoing Chief Executive
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreSainsbury offers a "stable investment" in struggling industry, says Shore Capital
11th Jun 2014 08:15
The 1.1% fall in like-for-like (LFL) retail sales excluding fuel at J Sainsbury was "very much in line with our expectations", according to Shore Capital which retained a 'hold' rating for the stock on Wednesday. The broker said that despite the weak outlook for the industry, Sainsbury offers a "re
Read moreLondon pre-open: FTSE to slide lower early on
11th Jun 2014 07:40
Stocks in the UK are expected to ease lower this morning following a more subdued finish to yesterday's session over in the States last night, with City sources predicting the FTSE 100 will open around 10 points below yesterday's close of 6,873.55. Having scorched to a succession of highs in recent
Read moreSainsbury fares better than rivals as Q1 LFL sales fall just 1.1% - UPDATE
11th Jun 2014 07:11
- LFL retail sales ex-fuel down 1.1%, in line - Industry growth "slowest in a decade" - Customer spending to remain cautious, King says J Sainsbury gave a cautious outlook for consumer trends on Wednesday as it reported a 1.1% fall in like-for-like (LFL) retail sales excluding fuel in its first qua
Read moreSunday newspaper round-up: TSB float, Barclays, Carphone Warehouse
8th Jun 2014 16:25
Lloyds Banking Group will price TSB at up to £1.44bn when it floats the new bank on the stock market - 10% below the new bank's book value, the Sunday Telegraph said. The valuation is designed to ensure a smooth reception for the initial public offering, making the bank priced "to go". Lloyds thinks
Read moreNomura sees bounce for Morrison and Tesco after supermarket slip
5th Jun 2014 11:08
Broker Nomura has scrutinised recent retail data on the UK supermarkets and concluded that the slowdown was suffered by all of the Big Four grocers and that a bounce is likely later this year, with Morrison and Tesco set to benefit most. Fresh data from market researchers Kantar was "surprisingly
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon close: FTSE drops on ex-divi stocks, supermarkets, US data
4th Jun 2014 16:59
- FTSE 100 closes 17.67 points lower at 6,818.63 - Ex-divi stocks, Tesco, miners provide drag - Focus on US data misses and tomorrow's ECB meeting techMARK 2,822.66 +0.31% FTSE 100 6,818.63 -0.26% FTSE 250 15,986.47 +0.09% Ex-dividends, supermarkets and miners dragged the FTSE to yet another negat
Read moreFTSE 100 movers: Ex-divi and supermarket stocks weigh index down
4th Jun 2014 15:38
National Grid led the fallers after going ex-dividend, with WPP also lower for the same reason. Tesco erased earlier gains and dropped into the red as the decline in like-for-like (LFL) sales at its UK business worsened in the first quarter, with the recent wave of price cuts and competitive measu
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