London midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreLondon close: FTSE weighed by data, supermarkets and miners
3rd Jun 2014 16:59
- FTSE drops 27.80 points to 6,836.30 - China, Eurozone UK construction in focus - Supermarkets hit by Kantar data techMARK 2,814.04 -0.30% FTSE 100 6,836.30 -0.41% FTSE 250 15,971.89 -0.70% A slowdown in UK construction, concerns about growth amongst the Big Four, and Chinese data all contribute
Read moreWednesday preview: Tesco to report first quarter results
3rd Jun 2014 15:36
Tesco is expected to on Wednesday report its worst set of results in 20 years amid growing competition from smaller discount chains. The UK supermarket is forecast to post a 4% fall in first quarter sales, compared to a 2.9% decline in the previous quarter. The company has tried to win back marke
Read moreFTSE 100 movers: Wolseley rises on strong Q3 sales
3rd Jun 2014 15:21
Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company M
Read moreTesco and Morrison sales continue to fall, Kantar reveals
3rd Jun 2014 14:11
Tesco and Morrison sales declined over the past 12 weeks while Sainsbury and Asda achieved growth, Kantar Worldpanel revealed on Tuesday. Overall growth in the grocery market slowed to 1.7%, the lowest level in 11 years. Tesco's sales fell 3.1% year-on-year, giving it a market share of 29%, down f
Read moreLondon close: Chinese data ensures positive finish, despite ISM miss
2nd Jun 2014 16:59
- FTSE closes up 19.59 points at 6,864.10 - Chinese manufacturing sector improves - US ISM manufacturing gauge misses forecasts - German CPI surprise on the downside techMARK 2,822.41 +0.36% FTSE 100 6,864.10 +0.29% FTSE 250 16,084.40 +0.46% Lifted by positive manufacturing data from China, the FT
Read moreFTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
2nd Jun 2014 15:05
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the
Read moreSector movers: UK grocers drop as analysts predict weak Q1 from Tesco
2nd Jun 2014 13:55
Nervousness ahead of Tesco's first-quarter results prompted some profit taking among supermarket stocks on Monday, which were among the worst performers in afternoon trade. The negative trend of UK like-for-like (LFL) sales at Tesco is likely to have worsened in its first quarter, analysts at Oriel
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreLondon open: Chinese data gives UK mining stocks a boost
2nd Jun 2014 08:58
- Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appeti
Read moreLondon close: Supermarkets lift FTSE to end week on positive note
16th May 2014 16:59
- FTSE closes up 14.92 points at 6,855.81 - Comments from Asda, Morrison bid speculation, lift supermarkets - Eurozone trade surplus narrows - US consumer confidence falls techMARK 2,745.29 -0.45% FTSE 100 6,855.81 +0.22% FTSE 250 15,397.92 -1.40% Blue chips managed to end the week on a positive n
Read moreFTSE 100 movers: Morrison leads on bid speculation
16th May 2014 15:15
Morrison was today leading the upside, driven by market chatter around a potential bid for the group by a US-led private equity consortium. According to the Daily Mail's market report, such a bid could total around 6.4bn pounds in cash. Sector peers Tesco and Sainsbury were also lifted by the news
Read moreSector movers: Supermarket stocks rally
16th May 2014 14:21
Supermarket stocks were the biggest risers on the FTSE 100 including Morrison, Sainsbury and Tesco. Morrison led the market higher on speculation that a US private equity consortium was considering a bid for the company. "When the supermarket sector is leading the market there is clearly something
Read moreLondon open: Stocks steady ahead of further data on US housing
16th May 2014 08:46
- Footsie steady in early trading - US and allies warn Russia of possible further sanctions - More US housing data due out techMARK 2,761.98 +0.15% FTSE 100 6,843.95 +0.04% FTSE 250 15,655.31 +0.25% Equities were slightly higher early on following yesterday's sharp falls worldwide in reaction to w
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