Friday newspaper round-up: Spain, US drought, Iberdrola
28th Sep 2012 06:37
Spain has pushed through 40bn euros of fresh austerity measures in the teeth of recession, despite violent protests across the country and separatist crises in Catalonia and the Basque region that threaten to break the country apart. Premier Mariano Rajoy has frozen public pay in 2013 for the third
Read moreTesco gets boost as recovery plans become clear
25th Sep 2012 10:09
The market appears to buy Tesco's plans for its under-pressure UK business, after the Chief Executive Philip Clarke admitted Britain's biggest retailer has a 'long way to go' while attending a store opening yesterday (Monday). Tesco's shares dropped 20% at the beginning of January following a profi
Read moreTuesday newspaper round-up: StanChart, Tesco, BP
25th Sep 2012 07:05
Singapore investment fund Temasek has sounded out potential buyers for its 6bn pound stake in Standard Chartered, potentially reigniting talk of a takeover of the emerging markets bank. The fund, which is owned by the Singapore government, had been judging buyer interest for its 18 per cent sharehol
Read moreTesco CEO describes 'techtonic shift' towards digital technology
19th Sep 2012 14:36
Tesco's Chief Exeuctive Philip Clarke said on Wednesday that the retail industry has experienced a 'techtonic shift' in the way it operates, in comments made while speaking at the World Retail Congress in London. He told listeners that as a result of the eurozone crisis, reduced growth in once hig
Read moreWednesday newspaper round-up: Pensions, Tesco, BP
19th Sep 2012 06:41
Pension funds were put on alert yesterday as government statisticians paved the way for an overhaul of inflation measures that could shave billions of pounds from interest payments on holdings of gilts. Jil Matheson, the National Statistician, will consult on options for "improving" the retail price
Read moreFriday broker round-up - UPDATE
14th Sep 2012 07:52
Aegis: Credit Suisse cuts target to 121.6p from 240p, maintains at underperform. Antofagasta: Nomura keeps buy rating and 1,450p target. ASOS: Peel Hunt downgrades to hold, target lifted from 1,800p to 2,100p. Daily Mail: Barclays reduces to equal-weight from overweight. Domino Printing: Jeffer
Read moreTuesday tips round-up: Tesco, Dixons, Petra Diamonds
11th Sep 2012 07:07
The Independent's Investment View column recommended to 'steer clear' of supermarket giant Tesco on Tuesday morning ahead of its half-year results on October 3rd. The paper says that the results 'will not be pretty' with the focus likely to be on the UK business which accounts for around three-fifth
Read moreWednesday newspaper round-up: BoE, BP, Lloyds
5th Sep 2012 06:11
The Bank of England should keep its monetary powder dry tomorrow as global markets focus on a potentially game-changing policy decision by the European Central Bank, according to The Times' Shadow Monetary Policy Committee. Sir Steve Robson, the former second permanent secretary to the Treasury, sai
Read moreBroker snap: Nomura downgrades Morrisons on volume growth
3rd Sep 2012 11:02
Nomura has downgraded its rating for supermarket group Morrisons after analysing the recent Kantar grocery survey. The broker said that it has drawn two key conclusions from the survey: "(1) We think Tesco's reset is beginning to work with progressively improving volume data over the past six month
Read moreMonday broker round-up
3rd Sep 2012 09:14
APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:
Read moreWorkers found 'illegally employed' at Tesco warehouse
21st Aug 2012 07:58
Supermarket giant Tesco could reportedly face fines for the illegal employment of foregin students at a warehouse in Croydon, South London. 20 students, believed to be of Indian and Bangladeshi origin, are alleged to have been working as many as 50 hours extra per week than allowed by their visas,
Read moreTuesday newspaper round-up: ECB, Rank, Everything Everywhere
21st Aug 2012 06:26
The Daily Telegraph reports today that it can confirm reports in Der Spiegel that European Central Bank (ECB) technicians are examining plans to cap Spanish and Italian bond yields, among other options. This may prove to be the "game changer" that critics around the world have been demanding for two
Read moreFTSE 100 movers: RBS and Barclays move to the fore
6th Aug 2012 13:55
Royal Bank of Scotland is moving higher after The Sunday Times reported that Brazil´s Banco Itau could be sizing up the lender´s US operations. Those assets could fetch a price of 10bn pounds the paper reported. Barclays was also up on widespread reports that it is planning an overhaul of its bonu
Read moreLondon midday: Footsie rallies after early decline
6th Aug 2012 12:06
- Greece making progress - Monti warns of Eurozone break-up - M&S, Evraz, GKN provide a lift on the Footsie Following an early fall, the Footsie swung into the blue by Monday lunchtime on the back of improving newsflow from Greece. After a meeting between the Troika (European Commission, European
Read moreTesco offers Clubcard points on new mortgages range
6th Aug 2012 09:04
'So that will be four litres of milk, a loaf of bread ... and a mortgage. Have you got a Tesco Clubcard, sir?' Supermarket giant Tesco continued its diversification strategy with the launch on Monday, August 6th, of a mortgage service ... and, yes, Tesco will be offering Clubcard points, not at the
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