London open: Stocks flat on euro uncertainty
12th Jun 2012 08:40
- Markets still digesting Spanish request for aid - Investors look ahead to Greek elections, Italian bond auction - Miners and banks drop early on London's blue-chip index opened flat on Tuesday morning with all eyes on the Eurozone following the recent Spanish request for aid and ahead of the cruc
Read moreLondon pre-open: Stocks to track US lower on Italy concerns
12th Jun 2012 07:30
City sources predict the FTSE 100 will open down 8 points from yesterday's close of 5,432 as investors take stock after the Eurozone's decision to lend troubled economy Spain up to 100bn euros. The bailout deal has failed to pacify worried investors in the US and Asia, where stocks fell overnight as
Read moreSainsbury takes control of online e-book seller
12th Jun 2012 07:05
Supermarket firm Sainsbury has made a surprise move into the e-book retail market with the acquisition of HMV's stake in online venture Anobii. Cash-strapped entertainment media retailer HMV is selling its stake in the social network and online retailer of e-books for just £1. As a result of the tr
Read moreWeek Ahead: Tesco and Sainsbury square up
8th Jun 2012 10:01
Next week will see another instalment in the battle between supermarket giants Sainsbury and Tesco, as both issue trading updates. Broker Jefferies thinks Tesco's first quarter update, out on Monday, should confirm group sales growth of 2.6%, or nearly 4% excluding foreign exchange effects. Tesco
Read moreFriday tips round-up: Vodafone, Whitbread, Supermarkets
8th Jun 2012 06:56
In the Telegraph, Questor makes a compelling case for buying Vodafone. Impressive cash generation offers a current yield of 8.5 per cent while the shares trade at just 10 times earnings. Vodafone has also announced a sensible joint venture with O2's parent company, Telefonica, to share infrastructur
Read moreSector movers: Defensives bear the brunt of increased risk appetite
29th May 2012 15:24
Defensive sectors were firmly out of favour on Tuesday as investors shifted into 'riskier' assets such as mining stocks. Food and drug retailers were the worst performers, with heavyweight supermarket peers Tesco, Sainsbury and Morrison registering moderate losses in afternoon trade. Other defensi
Read morePersistent inflation to postpone recovery in UK consumption
29th May 2012 08:16
In a research note published on Tuesday morning economists at Barclays explain to clients what has led them to push out their forecast for a recovery in private consumption, namely persistent inflation; something which has been oft commented by some Bank of England watchers of late. Thus, Barclay
Read moreLondon close: Gains erased as Spanish yields advance
28th May 2012 17:02
- Gains trimmed by the end of trade - Newsflow improves in Greece; New Democracy support increases - Spanish concerns weigh on sentiment London blue chips finished broadly flat on Monday as the initial optimism surrounding the Greek elections was outweighed in afternoon trade by ongoing concerns ab
Read moreJohn Lewis singing in the rain
25th May 2012 10:13
Other retailers may be complaining about the miserable British weather last week but the employee-owned John Lewis Partnership has been singing in the rain. Overall revenues in the week to May 19th were up 11.6% year-on-year at £59.7m, led by strong demand for electrical and home technology product
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreSainsbury's fuels petrol price war
21st May 2012 10:59
Supermarket chain Sainsbury's said it had cut fuel prices at its 266 forecourts by up to 3p per litre from Monday. The retailer also said that customers who spent £50 or more would receive a coupon entitling them to an additional 5p per litre off their fuel bill. The 3p announcement will take th
Read moreLondon close: Stocks fall on Greek exit talk
16th May 2012 16:22
- Greek exit speculation sinks stocks again - ECB stops funding to some Greek banks (report) - Eurozone crisis to limit UK GDP in 2012, says BoE After a temporary foray into positive territory, the FTSE 100 slipped late on to finish in the red for a third straight day as concerns over a potential G
Read moreFTSE 100 movers: Miners once again taking the hit
16th May 2012 15:50
Miners were once again bearing the brunt of the risk-off attitude that has gripped markets over the last week as metals prices continue to fall. Xstrata, Glencore and Fresnillo and were among the worst performers. Both Xstrata and Glencore were also being pressured lower by downgrades from UBS. S
Read moreLondon midday: Greece, UK concerns pull Footsie to five-month low
16th May 2012 11:34
- Footsie nears five-month low - Potential Greek exit grips markets - Bank of England cuts GDP forecast, unemployment falls Concerns over a potential exit of Greece and growth in the UK were weighing on the FTSE 100 by Wednesday lunchtime, with the Footsie sinking to intraday levels not seen since
Read moreLondon open: Footsie at lowest levels since mid-December
16th May 2012 09:04
- Greek concerns dent Footsie again - Glencore, Sainsbury fall after going ex-dividend - Lamprell tanks on FTSE 250 London's FTSE 100 suffered a third straight sell-off on Wednesday, sending the blue chip index to a near five-month low in early trading on the back of concerns over the political si
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