Asda growing market share as Tesco falters
28th Mar 2012 08:09
Asda is the rising force in the British supermarket war, according to research firm Kantar Worldpanel. Figures covering the first 12 weeks of the year show the Walmart subsidiary now has 17.9% of the UK market, after posting a year-on-year growth rate of 7.8%. This is mainly because it has now inc
Read moreLondon open: Stocks rise ahead of Budget
21st Mar 2012 08:48
- Budget expected at 12:30 - Retailers rise, Sainsbury in demand - Serco upgraded by HSBC, Morgan Stanley The Footsie was bouncing back in early trading on Wednesday, following a steep fall the day before as fears about a slowdown in Chinese economic growth fuelled a sell-off in the mining sector.
Read moreLondon close: Chinese fears fuel sell-off
20th Mar 2012 16:26
- Miners drop on Chinese outlook - Glencore to buy Viterra for 3.9bn pounds - Supermarket stocks rise on broker upgrades Concerns about slowing growth in China have dampened sentiment today with miners bearing the brunt of the sell-off as falling house prices and rising fuel costs are feared to be
Read moreSunday tip round-up: Dogs of the FTSE, Investors´ favourites
18th Mar 2012 14:07
Since the year 2000 experience seems to show that investing in the highest yielding stocks of the UK´s benchmark index, when the economy is recovering, can be a sound strategy. Therefore, given signs that the worst is over the Midas team at the Daily Mail has decided to re-launch their 'Dogs of the
Read moreFriday tips round up: Tesco, Premier Farnell, Shire
16th Mar 2012 06:53
Questor in the Telegraph ponders Tesco and the surprise departure of its UK boss, Richard Brasher, announced yesterday. The column's conclusion is that it implies a disagreement over strategy as the company faces pressure to explain how it will turn around the UK operation following poor results a
Read moreLondon close: Footsie spins its wheels
15th Mar 2012 16:51
- Investment management firms disappoint - Hard times on the High Street - Phlegmatic response to Fitch's threat to cut UK's AAA rating After a brief sojourn in positive territory during the morning session, the top share index returned to the region where it spent most of the day, bumping along ju
Read moreFTSE 100 movers: Shire stuck in the mud
15th Mar 2012 14:21
Pharmaceuticals firm Shire was the biggest blue-chip faller after it withdrew its licence application for the Fabry disease treatment, REPLAGAL, with the US Food and Drug Administration (FDA). Richard Brasher, the head of Tesco's UK operations, is to quit after only a year in the job, sending the s
Read moreLondon midday: Stocks mark time ahead of US data
15th Mar 2012 12:02
- Stocks mark time ahead of US jobs and manufacturing data - BAE workers protect jobs by taking pay cut - Dollar strength sapping demand for oil stocks Investors have largely taken in stride the warning from credit ratings agency Fitch that the UK is marginally more likely to lose its AAA rating th
Read moreTesco's UK boss falls on his sword - UPDATE
15th Mar 2012 10:00
Richard Brasher, the head of Tesco's UK operations, is to quit after only a year in the job. The move comes after Group Chief Executive Officer, Philip Clarke, said he would "take a much closer involvement in the UK business" following the supermarket firm's first profit warning in 20 years. "I ha
Read moreLondon open: Footsie shrugs off Fitch warning
15th Mar 2012 08:52
- Fitch goes negative on UK ratings outlook - Tesco's UK boss walks the plank - Argos still seeing a slump in like-for-like sales UK equities are little changed ahead of US jobs data and manufacturing data this afternoon. Investors have largely shrugged off the warning from credit ratings agency Fi
Read moreTesco's UK boss falls on his sword
15th Mar 2012 07:10
Richard Brasher, the head of Tesco's UK operations, is to quit the board to avoid stepping on the toes of group Chief Executive Officer, Philip Clarke, who is taking a much greater interest in the UK business since the supermarket group's recent profit warning. Brasher will leave the company in Jul
Read moreTesco raises maximum pension age to 67
14th Mar 2012 08:35
You may have heard about Tesco's 'Big Price Drop', well now its UK workers are facing a big pensions drop. Britain's biggest retailer yesterday informed staff it was to increase the age at which they would qualify for their full pension entitlements. Currently Tesco operates a scheme which calcula
Read moreTesco boss unveils quiet confidence in getting firm back on track
7th Mar 2012 14:11
Just two months after issuing that profit warning, Philip Clarke, Chief Executive Officer (CEO) of supermarket chain Tesco, has opened the door to his office, admitting that it can be a pretty lonely place to be. Explaining how he tried to steer the company in the right direction after underperfor
Read moreLondon close: Miners lead the decline as China cuts GDP forecast
5th Mar 2012 16:36
- Chinese growth forecasts dampens miners. - UK and Eurozone PMIs disappoint. - Steering Committee to participate in Greek debt swap. London's blue chip index fell to its lowest level of the day on Monday as concerns over the global economy dampened the mood. Miners bore the brunt of the sell-off i
Read moreLondon midday: China, Eurozone worries weigh on stocks
5th Mar 2012 11:49
- China cuts 2012 GDP target to 7.5%. - Eurozone/UK services PMIs disappoint. - German DSW recommends rejecting PSI deal. Stocks continued to fall by lunchtime on Monday, as the combination of disappointing economic data from the UK and Eurozone and some conservative growth forecasts from China wei
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