FTSE 100 movers: Miners lead the way
5th Dec 2012 15:16
Mining stocks were performing well today on increasing optimism about China; Vedanta, Kazakhmys, Anglo American and Rio Tinto were all making decent gains. Precious metals giant Polymetal also advanced after saying it was giving $191m dollars back to shareholders by way of a special dividend. Su
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
Read moreBroker tips: Tesco, HSBC, Tullow Oil
5th Dec 2012 11:16
Nomura has cut its forecasts for supermarket giant Tesco on the back of a weaker trading in Europe, but has maintained its 'buy' rating, hailing the group's strong UK grocery performance. The broker also said that the company's strategic review in the US "points to a management team willing to act
Read moreBroker snap: Nomura trims Tesco forecasts but stays upbeat
5th Dec 2012 10:25
Nomura has cut its forecasts for supermarket giant Tesco on the back of a weaker trading in Europe, but has maintained its 'buy' rating, hailing the group's strong UK grocery performance. Tesco reported that third-quarter UK like-for-like (LFL) sales excluding fuel and VAT were down 0.6%, but this
Read moreLondon open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
Read moreLondon pre-open: FTSE to get boost from Asia ahead of Autumn Statement
5th Dec 2012 07:27
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,869, boosted by a strong performance in Asia overnight. The expected rise also comes ahead of the Chancellor's Autumn Statement, and he appears to be set to announce a five billion pound investment in transport, s
Read moreTesco mulling sale of Fresh & Easy - UPDATE
5th Dec 2012 07:04
Supermarket titan Tesco has announced that it is considering a sale of its loss-making US division, Fresh & Easy, as it revealed that the frontman of the unit, Tim Mason, will leave the company after 30 years' service. To accompany the group's third-quarter trading statement, in which it revealed a
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreWednesday preview: Tesco expected to reveal LFL decline in Q3
4th Dec 2012 16:05
All eyes in the retail industry will be focused firmly on supermarket giant Tesco on Wednesday morning with the company scheduled to report on third-quarter trading. Last week, Nomura released a research report on Tesco (rated 'buy'), saying that it forecasts third-quarter like-for-like (LFL) sales
Read moreFTSE 100 movers: Shire leads defensive stocks higher
4th Dec 2012 15:34
Shire was leading the defensive stocks after investors exercised caution as budget uncertainty in the US continues to weigh on sentiment. British Gas owner Centrica rose after partner EDF Energy announced that it has extended the life of two UK power stations by seven years. Tesco was on investo
Read moreTesco leads Big Four going into Christmas
4th Dec 2012 14:56
In what analysts believed - and companies hoped - would turn out to be a repeat of last year's pattern consumers in the UK seemed to be saving until the last minute on spending on Christmas gifts, according to analysts at Jefferies. Nevertheless, some retailers did better than others, although the
Read moreSector movers: Tesco boosts retail sector ahead of Q3 update
4th Dec 2012 14:42
Tesco was on investors' shopping lists this afternoon ahead of its trading update tomorrow, lifting the food and drug retail sector higher. The supermarket titan is to update the market on third-quarter trading on Wednesday morning. Shares were making gains after Jefferies said that the grocer is "
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreSunday newspaper round-up: Virgin Atlantic, Tesco, RBS
2nd Dec 2012 17:44
America´s largest airline is plotting to take control of Virgin Atlantic after making a secret approach to the British carrier's big Asian shareholder. Delta Air Lines is understood to have offered to buy Singapore Airlines' 49 per cent holding in Virgin. If it succeeds, Delta's European partner, Ai
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
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