Market tastes the difference at Sainsbury's
9th May 2012 09:30
After disappointing trading updates recently from supermarket colossi Tesco and Morrisons the market could taste the difference in Sainsbury's figures, which did not disappoint. Underlying profit before tax in the 52 weeks to March 17th was up 7.1% to £712m from £665m the year before, pretty much i
Read moreLondon close: Footsie pares gains after gloomy GDP data
25th Apr 2012 16:36
- UK back in recession, GDP figures show - Markets await FOMC statement - Miners gain after China says growth will be 'robust' Despite a strong start, the FTSE 100 finished only mildly higher on Wednesday afternoon as investors digested some worse-than-expected UK economic data. The Office for Nat
Read moreFTSE 100 movers: Miners leap on Chinese PM's comments
25th Apr 2012 15:21
Miners were in demand following comments from Chinese Prime Minister Wen Jiabao that the government is committed to reforms in the country that are expected to ensure growth in the second-largest economy in the world remains robust. Vedanta was the biggest riser, up over four per cent, with Xstrat
Read moreSector movers: Miners wanted after comments from Chinese PM
25th Apr 2012 15:10
The mining sector, a category often sensitive to the outlook for the Chinese economy, was making gains on Wednesday afternoon after the country's Prime Minister sought to ease concerns about slowing growth. Wen Jiabao said yesterday that the world's second-largest economy will continue to growth at
Read moreLondon midday: Stocks pare gains after GDP data
25th Apr 2012 11:54
- Footsie gains despite GDP data - Draghi continues to see downside risks - ARM rises on Apple earnings, broker upgrades After a strong start, the FTSE 100 index pared gains in mid-morning trade following some gloomy economic data that showed that the UK fell back into a 'technical' recession in th
Read moreWednesday broker round-up
25th Apr 2012 09:08
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreWednesday newspaper round-up: UK Deficit, RBS, Tesco
25th Apr 2012 06:54
Angela Merkel launched a staunch defence of Europe's fiscal pact as politicians from the Netherlands, Spain and Greece scrambled to keep their own austerity measures on track. In a rare concession, the German Chancellor admitted that austerity alone would not solve the crisis but she insisted that t
Read moreTesco director shows his faith
24th Apr 2012 15:31
Non-Executive Director of Tesco, Stuart Chambers, has shown his support for the supermarket giant just one week after the company said it would pump one billion pounds into a revamp of its UK operations. Chambers, 55, who was appointed to his post in 2010, bought up 19,500 shares at 321.35p each f
Read moreSunday newspaper round-up: MPC, IMF, BG Group
22nd Apr 2012 17:20
Is the Monetary Policy Committee about to do a U-turn in its approach to inflation? So far, the Committee has been relaxed about above-target inflation. Even though inflation hit over 5pc late last year and has averaged around 3.5pc over the past four years, the MPC has kept interest rates at a reco
Read moreThursday tips round-up: Tesco, Fresnillo, IGas
19th Apr 2012 06:55
In the Telegraph, the Questor column takes on the big daddy of the retailing sector, Tesco, which released results yesterday roughly in line with expectations. The problem is, those expectations followed a profits warning in January. Questor likes the turnaround plan of Chief Executive Philip Clarke
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreFTSE 100 movers: Miners leading the way
18th Apr 2012 13:50
Miners were among the best performers on the Footsie with precious metals group Fresnillo rising strongly. The group this morning hailed a strong start to 2012 with gold production beating its own expectations and silver output being on target. BHP Billiton was wanted after iron ore production at
Read moreLondon midday: Investors show caution after yesterday's strong rise
18th Apr 2012 11:46
- Ex-div stocks weigh on Footsie - MPC minutes: Miles calls for more QE - Eurozone swings to deficit in February - UK jobless rate falls for first time since May 2011 London's FTSE 100 index was trading slightly lower by Wednesday lunchtime following a strong showing from the benchmark yesterday, a
Read moreBroker tips: Tesco, RBS, Ashtead
18th Apr 2012 10:28
Tesco's preliminary results are a 'non-event' after coming in line with expectations, according to Merchant Securities, which says that the key focus point is the strategy going forward. "The statement fails to provide anything new on their strategy. UK remains the key focus with £1bn investment to
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