Monday newspaper round-up: Greece, Bank lending, FTT
6th Feb 2012 07:05
The Greek prime minister has failed to secure a bondholder agreement despite appealing for help from the bosses of the International Monetary Fund (IMF) and the European Central Bank (ECB) to help break the dangerous deadlock. Sources close to the private creditors told The Daily Telegraph that an a
Read moreThursday newspaper round-up: Retail sector, Austerity, Lloyds
2nd Feb 2012 06:48
The former chairman of the fashion retailer New Look has said the high street is in an "death spiral" and has recommended re-classing empty shops for residential use. Phil Wrigley, the chairman of the retailer Majestic Wine, also criticised the recent report on the high street by Mary Portas, the se
Read moreLondon close: Footsie finishes up but gains pared after US data
31st Jan 2012 16:32
Early gains were trimmed by the end of trade on Tuesday after consumer confidence data in the US disappointed, sending US benchmarks into the red. The Footsie finished just 11 points higher at 5,682, well below the intraday high of 5,730 seen in the morning session. Meanwhile, Greek debt-swap talks
Read moreFTSE 100 movers: ARM soars on profit boost
31st Jan 2012 14:33
Chip designer ARM was the second highest riser after fourth quarter sales figures came in 10% ahead of consensus estimates. While Nomura maintained its neutral rating on the stock today, it acknowledged that the group's results indicated a "strong beat", driven by strong processor revenues in both l
Read moreTesco's market share drops as shoppers cut back further
31st Jan 2012 12:52
A fall in sales at supermarket giant Tesco has seen the company's market share fall below 30% for the first time in almost seven years, according to data unveiled on Tuesday. Market research conducted by Kantar WorldPanel revealed that sales at Tesco have dropped as competitors such as Asda and Sa
Read moreSunday newspaper round-up: Tesco, Royal Dutch, Boeing
29th Jan 2012 13:14
The richest college at the University of Cambridge, Trinity, has invested in the UK's largest retailer by acquiring a 50% stake in a portfolio of Tesco stores worth £440m. It is understood to be the first time the college has invested in supermarkets, although it has a property portfolio worth more
Read moreHydrodec director stocks up, and it's another purchase for Tesco
25th Jan 2012 14:29
Andrew Black, a non-executive director of Hydrodec, the "clean" oil re-refining group, has topped up his stake in the firm with a £26,500 purchase of shares. The transaction came just four days after the company announced that revenues for 2011 will come in significantly ahead of 2010. Sales of t
Read moreAnother Tesco director races to the checkout
23rd Jan 2012 16:35
Senior Independent Director of Tesco's, Patrick Cescau, has become the third director to hit the till with a trolley load of shares this month. Cescau footed a £60,247 bill having purchased 18,340 shares at 328.5p each. It's proved to be something of a trolley-dash in the past few weeks, with
Read moreLondon midday: Stocks extend gains, RBS and IAG on the rise
23rd Jan 2012 11:46
- Markets await news from Greece. - Lagarde warns of "1930s moment"; - RBS rises on rumours of CEO waiving bonus. London's benchmark index had extended gains by midday with the market showing their optimism as investors awaited news from Greece. US stock futures were also pointing to a positive sta
Read moreLondon open: Footsie rises with Greece in focus
23rd Jan 2012 08:36
UK stocks rose on Monday with hopes that Greece can reach a deal with its bondholders boosting sentiment early on. The Institute of International Finance (IIF) seems to have hardened its stance in its negotiations with Greece. Charles Dallara, theManaging Director of the IIF, the body which is neg
Read moreSunday newspaper round-up: Big downdraft, Tobacco, Services
22nd Jan 2012 17:17
Newt Gingrich pulled off a sensational victory in the Republican presidential race on Saturday by taking the South Carolina primary, wrecking the carefully-laid plans of Mitt Romney and setting the stage for a protracted contest. Gingrich, trailing badly behind Romney just a week ago, won after stro
Read moreCut price Tesco shares flying off the shelf
20th Jan 2012 11:54
Ken Hydon, a non-executive director of Tesco, the UK's largest supermarket chain, has filled his trolley with £96,000-worth of shares, just a week after the retail giant issued a warning which said trading profit would be flat for the 2012-13 financial year. Hydon, who is chairman of the firm's au
Read moreLondon close: Footsie up 0.7% as banks and IAG surge
19th Jan 2012 17:05
-Euro optimism drives gains. -Barclays, Lloyds, RBS leads the risers. -Essar falls 11.9%, still volatile after Indian tax ruling. A combination of better-than-expected earnings figures and economic data from the US, talks of progress between the Greek government and private creditors, and strong de
Read moreFTSE 100 movers: Banks move higher
19th Jan 2012 14:42
Bankings stocks were providing a lift at midday with Barclays, RBS, Lloyds and HSBC all among the best performers, aided by euro optimism which has given a boost to sentiment. Tesco was also on the rise after US investor Warren Buffett stocked up on shares in the supermarket giant. Meanwhile, Es
Read moreWarren Buffett in Tesco's shopping spree -UPDATE
19th Jan 2012 13:25
Warren Buffett, a major American investor, has filled his trolley with £350m-worth of shares in Tesco's, the UK's largest supermarket chain. The news did not come as much of a suprise as the business mogul owner of investment vehicle Berkshire Hathaway had said towards the end of 2011 that if Tesc
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