Wednesday newspaper round-up: Pearson, Bank of England, Tesco
7th Nov 2012 07:16
Pearson, the FTSE 100 media group, is planning to explore a sale of the financial daily newspaper within months, Bloomberg reported, so that the company can focus on its fast-growing education division. Dame Majorie Scardino, the chief executive of Pearson, once said famously that the FT would be so
Read moreSupermarkets do battle over petrol prices
25th Oct 2012 14:50
Tesco, Sainsbury and Asda have all shaved 2p off their petrol prices in an effort to out bid one another at the pump. This latest battle was initiated by Asda on Wednesday and was closely followed by its rivals. Drivers steering their way to Asda will hand over a maximum of 133.7p a litre for pe
Read moreLondon close: Barclays limits gains after PPI confession
18th Oct 2012 16:44
- Barclays to take another unexpected hit from PPI claims - Chinese data boosts miners - Markets cautious before EU summit After swinging between gains and losses for most of the session, UK stocks finished flat on Thursday despite some robust growth figures from China, as some worse-than-expected
Read moreLondon midday: Stocks flat but BP gains after Rosneft deal
18th Oct 2012 11:39
- BP gains after Rosneft offer - Markets cautious ahead of EU summit - Chinese economic data impresses The Footsie was trading within a narrow range of just 22 points on Thursday morning as investors showed caution ahead of the upcoming EU summit in Brussels this afternoon. The UK benchmark was f
Read moreLondon close: Stocks dampened by global growth concerns
8th Oct 2012 16:32
- Miners fall on global growth concerns - Supermarkets perform well after broker comments - World Bank cuts Chinese growth forecasts Cyclical stocks suffered falls on Monday as growing uncertainty about the Eurozone and concerns over global growth dampened the mood. "Stocks traded lower today as i
Read moreSector movers: Tesco, Sainsbury and Morrisons lift retailers higher
8th Oct 2012 15:33
Food and drug retailers were at the top of the pile today with supermarket giants Tesco, Sainsbury and Morrisons providing a boost to the sector. Panmure Gordon said this morning that it expects "significant, unstoppable strategic changes to unfold over the next six to 12 months in the food retail
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreLondon close: Stocks end flat after BoE and ECB decisions
4th Oct 2012 17:02
- BoE and ECB hold rates - US data beats estimates - Next leads risers after broker comments The Footsie swung between gains and losses for most of Thursday's session but finished the day broadly flat following a busy day on the global economic calendar, which saw policy decisions in the UK and Eur
Read moreLondon midday: Stocks edge higher as BoE holds rates
4th Oct 2012 11:47
- Middle-East tensions dampen sentiment - BoE holds rates; ECB decision eyed - Investors await US jobless claims After swinging into negative territory briefly, the FTSE 100 was back above water by Thursday lunchtime ahead of interest rate decisions in the UK and Europe. Meanwhile, investors were s
Read moreLondon open: Stocks gain ahead of central bank announcements
4th Oct 2012 08:23
- Investors await BoE and ECB decisions, FOMC minutes - Tate & Lyle jumps after Credit Suisse upgrades - Halfords appoints new CEO after strong Q2 European stock markets have opened with moderate gains ahead of what is likely to be a busy day on the economic front, with rate decisions due out from
Read moreLondon close: US data provides a late boost
3rd Oct 2012 16:34
- US services and labour figures lift stocks - Mixed economic data in China, UK and Europe - FTSE 100 finishes up 0.3 per cent The UK benchmark finished with mild gains on Wednesday afternoon after some better-than-expected data from the US managed to brighten the mood, which was dampened earlier b
Read moreSector movers: Tesco drags retail sector lower
3rd Oct 2012 16:20
The food and drug retail sector was the worst performing sector on Wednesday afternoon after a disappointing set of results from Tesco offset a solid trading update from supermarket peer Sainsbury. After an earlier fall, Sainsbury was higher after saying it had outperformed the market in the second
Read moreTesco still a basket case
3rd Oct 2012 16:05
If Tesco was hoping that a return to like-for-like sales growth in the UK in the second quarter would earn it some love in the market, it was sadly disillusioned. Not when supermarket rival Sainsbury reported second quarter like-for-like (LFL) sales growth year-on-year of 1.9%, which put Tesco's 0.
Read moreFTSE 100 movers: Sainsbury rises while Tesco drops
3rd Oct 2012 15:48
International Airlines Group (IAG) said September traffic figures had been boosted by heavy promotional activity by British Airways during and after the Olympic Games. "This has positively impacted our volumes in both premium and non-premium cabins, the carrier British Airways' September traffic, m
Read moreLondon midday: Stocks flat as economic data disappoints
3rd Oct 2012 11:21
- Gloomy Chinese, UK and Eurozone data - Rajoy denies bailout - FirstGroup sinks after West Coast disappointment. The FTSE 100 was trading broadly flat by midday on Wednesday as investors remained cautious after a raft of disappointing economic data. China's non-manufacturing purchasing managers'
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