Tuesday tips round-up: Tesco, Kier, Diploma...
23rd Nov 2010 06:43
Tesco has already gobbled up Britain. Now it's looking to repeat the trick in Asia and there's a good chance it will pull it off. The group has sought to whet investors' appetites by flying analysts out to the region to show them what it is up to, unveiling some fancy looking targets for the Chine
Read moreAsia is Tesco's 'engine for growth'
22nd Nov 2010 11:22
International operations make up almost a third of sales at Tesco and that could increase further as the UK supermarket aims to quadruple revenue in China to £4bn over the next five years. Overseas markets now account for 31% of total sales and 22% of profits, up from 10% and 5% respectively just a
Read moreSunday newspaper round-up: Ireland, United Utilities, Tesco
21st Nov 2010 11:51
The Irish government has been given a stark warning from some of the biggest American companies in Ireland on the risk of a mass exodus if the country's low corporation tax rate is raised. The warning - from executives at Microsoft, Hewlett-Packard (HP), Bank of America Merrill Lynch and Intel - spo
Read moreThursday newspaper round-up: Ireland, General Motors, GlaxoSmithKline
18th Nov 2010 06:31
The Irish Government finally signalled yesterday that it may bow to international pressure and accept a multibillion-pound bailout, amid divisions in the Commons over whether Britain should contribute. While the details of any package may be several days away, there were growing signs that Britain c
Read moreTesco said to bid for Carrefour's Asia assets
8th Nov 2010 12:07
Tesco has bid for the Asian assets of its fellow supermarket operator, France's Carrefour, ahead of the second round of bidding, according to sources quoted by Reuters. Carrefour set a November 5 deadline for bids for its shops in Malaysia, Singapore and Thailand to focus on less peripheral markets
Read moreSector movers: Mixed day for food stocks
4th Nov 2010 14:30
Food-related stocks are mixed today. Tate & Lyle is giving the food producer sector a lift after the sweetener group more than doubled profits on sales that were boosted by higher corn prices. Meatpacker Hilton Food is also higher after saying that trading continues to be in line with expectations.
Read moreTesco's Premier spat
29th Oct 2010 13:43
Premier Foods believes that it can resolve its dispute with Tesco, which is refusing to stock some lines of Hovis bread, in the next few weeks. Premier tried to pass on higher wheat costs but Tesco was having none of it. It has stopped selling the majority of Hovis bread products but does still sel
Read moreTesco's Leahy cashes in before checking out
19th Oct 2010 20:38
Tesco's departing chief executive Sir Terry Leahy has pocketed more than £3.3m from a sale of shares in the UK's number one supermarket. He sold 764,576 shares at 432.3p a go. Tesco did not disclose how many shares he still has, if any. Sir Terry's retirement from the company was announced in June
Read moreFTSE 100 movers: Miners stimulated by US hopes
13th Oct 2010 13:31
Xstrata, Vedanta Resources, Anglo American and Rio Tinto are higher on hopes of a fiscal stimulus in the US. Oil services group Petrofac is upgraded to 'overweight' from 'equal-weight' by broker Morgan Stanley, which thinks business opportunities in Britain, Iraq and Algeria will boost the company
Read moreThursday tips round-up: Marston's, Greggs, Cranswick
7th Oct 2010 06:51
Marston's is for those who enjoy an old-fashioned pint and an old-fashioned pub company. Marston's shares sell on about ten times' earnings for the year to end-September and have the buttress of a 6 per cent yield. In a battered sector, a "hold" at least, says the Times. Greggs, the bakery chain, a
Read moreRolls-Royce director raises £190,000
6th Oct 2010 16:47
Rolls-Royce's engineering and technology director Colin Smith and his wife have raised more than £190,000 from a share disposal. They sold a total of 32,000 shares at 599.5p each. They retain 175,176 shares in the aero-engineer. Smith has held his current position since 2005, having joined Rolls
Read moreWednesday newspaper round-up: Rio Tinto/BHP, Kazakhmys, Currencies...
6th Oct 2010 06:36
Rio Tinto's $116bn iron ore venture with BHP Billiton is close to collapsing after regulators objected to the deal, the Times writes. Rio was forced to issue a statement last night saying that no formal decision had been made on the future of the project. Nevertheless, both companies are understood
Read moreLondon close: Five month high for FTSE 100
5th Oct 2010 16:37
An uncertain start to the day was a distant memory by trading's close as shares surged following a strong start in the US, helping Footsie hit its highest levels in five months. US stocks were boosted by better than expected growth in service companies in the world's biggest economy in September. T
Read moreLondon afternoon: Sunny side up for London
5th Oct 2010 14:10
Winners outnumber losers by about three to one among FTSE 100 constituents as London participates in the advance of global stock markets following the Bank of Japan's decision to cut its benchmark interest rate. Sentiment has also been given a boost by reports of growth in activity in the services
Read moreLondon midday: Kazakhmys chairman sells 11%
5th Oct 2010 12:10
Footsie clung on to modest gains throughout the morning session but trading volumes have been light, with investors keeping their powder dry ahead of Thursday's announcement from the Bank of England about quantitative easing. Sentiment was given a boost by reports of growth in activity in the servi
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