Broker tips: Tesco, Sainsbury, M&S
10th Jan 2013 10:59
Seymour Pierce has maintained its 'reduce' recommendation for supermarket titan Tesco in spite of headline sales figures coming in ahead of expectations on Thursday. Like-for-like UK sales excluding petrol and VAT rose 1.8% in the six weeks to January 5th, above the consensus estimated growth range
Read moreBroker snap: Seymour Pierce highlights 'unspectacular' Christmas at Tesco
10th Jan 2013 09:29
Seymour Pierce has maintained its 'reduce' recommendation for supermarket titan Tesco in spite of headline sales figures coming in ahead of expectations on Thursday. "A year on from an effective profit warning, Tesco has had an unspectacular Christmas in the UK given last year's very weak comparabl
Read moreLondon open: Stocks flat after hitting multi-year high
10th Jan 2013 08:20
The FTSE 100 opened flat on Thursday morning after hitting a near four-year high the day before, with economic data from China and well-received results from Tesco providing some support early on. The Footsie finished at 6,099 on Wednesday, its highest closing level since May 22nd 2008. Chinese tr
Read moreOnline sales buoy modest sales growth at Tesco -UPDATE
10th Jan 2013 07:11
Internet purchases supported a moderate rise in sales at Tesco, according to the FTSE-100 supermarket chain's latest trading statement published on Thursday morning. Group sales in the six weeks to January 5th increased by 3.8% including petrol, while the international business performed at a simil
Read moreThursday preview: Tesco unveils trading results
9th Jan 2013 14:54
Tesco will be on everyone's lips Thursday as the world's third largest retailer releases a trading update. The supermarket giant was falling 0.80% to 348.65p on Wednesday afternoon ahead of the announcement. That, despite a hike in shares in the lead up to trading results from other major retaile
Read moreLondon open: Footsie pulls back despite strong showing by banks
7th Jan 2013 08:15
After hitting a near two-year high the previous trading session, profit-taking meant that the FTSE 100 opened slightly lower on Monday morning. This was despite relative strength in the banking sector on the back of some better-than-expected news on regulation. The FTSE 100 finished Friday at 6,090
Read moreLondon pre-open: Little change expected on FTSE
7th Jan 2013 07:26
City sources predict the FTSE 100 will open down one point from Friday's close of 6,090, ahead of this week's collection of retail results. Sainsbury, Tesco, and Marks & Spencer are all set to deliver their results this week, although brokers have warned it has been a tough Christmas and overall f
Read moreTA: Tesco: Are markets missing something?
4th Jan 2013 15:34
Tesco has outperformed in recent weeks but a divergence may have appeared between what analysts are forecasting and what market prices seems to show investors as increasingly discounting, namely a bounce-back in the company´s operating performance. Thus, analysts at Investec told clients on Thurs
Read moreWeek ahead: Sainsbury, Tesco
4th Jan 2013 08:52
Barring surprises markets´ focus next week is expected to veer towards central banks and the outlook for monetary policy in Europe. Neither the Bank of England (BoE) nor the European Central Bank (ECB) are expected to make a move this week. Until the budget negotiations Stateside are decisively conc
Read moreLondon close: Stocks finish lower ahead of US budget talks
28th Dec 2012 16:35
Markets finished firmly in negative territory on Friday afternoon as investors showed concern with just a few days left before the fiscal cliff deadline. President Barack Obama has called a meeting with congressional leaders today in which they are expected to draw up a piece of legislation to be s
Read moreLondon midday: Stocks drop into the red as 'fiscal cliff' looms
28th Dec 2012 11:29
After a strong start, markets across Europe dipped into the red by midday with the US fiscal cliff continuing to dominate market sentiment. "We are now just over three days away from the so-called 'fiscal cliff' and after many months of posturing and political bravado, the US has run out of time,"
Read moreTesco moves closer to appointing UK Chief Executive
18th Dec 2012 11:22
Tesco is expected to unveil its new UK Chief Executive Officer (CEO) in the early months of next year, according to reports Tuesday. The retail giant's Chief Operating Officer (COO) Chris Bush is a frontrunner for the role and the announcement could come as early as January when it releases results
Read moreSunday newspaper round-up: Barclays, UK AAA, China
9th Dec 2012 13:51
An international trade war is threatening to erupt over an American plan that would force Barclays and Deutsche Bank to pump more cash into their Wall Street operations. Daniel Tarullo, a governor of the Federal Reserve, wants tougher capital and liquidity rules for all foreign banks operating in Am
Read moreThursday tips round-up: Sage, Numis and Tesco
6th Dec 2012 06:46
Tempus writes that business solutions provider Sage, which enjoys a market rating a little more than 13 times this year's earnings that would be more appropriate to a fast-growth business, seems to have gone ex-growth. Two points stand out from yesterday's results. One, a positive, that Sage is doi
Read moreLondon close: Markets unfazed by Osborne's budget
5th Dec 2012 17:10
- Miners gain on Chinese optimism - OBR cuts GDP forecasts - US ISM data lifts markets in afternoon trade The Footsie finished the day with decent gains on Wednesday as investors mostly shrugged off Chancellor George Osborne's budget statement, with the upbeat mood helped by economic data from the
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