Buffett Lifts Stake In UK Supermarket Tesco To More Than 3%
24th Jun 2010 12:09
Warren Buffett's investment vehicle Berkshire Hathaway Inc. (BRKA, BRKB) lifted its stake in U.K. supermarket giant Tesco PLC (TSCO.LN) on Thursday. Berkshire Hathaway now holds about 242.2 million shares in the firm, or 3.02%. Previously, the shareholding totaled around 240.3 million. Tesco shares
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read moreUPDATE: McBride Sees Rising FY 2011 Costs; Shares Down 20%
24th Jun 2010 11:52
(Adds share price, analyst comment, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--McBride PLC (MCB.LN) Thursday said it expects raw materials costs to rise by up to 6% in fiscal 2011, but it won't be able to pass the rises on to customers straight away. The f
Read moreAsda squeezed as rivals gain ground
23rd Jun 2010 09:06
Asda's problems continue to mount as the latest market data suggests the Wal-Mart owned supermarket chain is losing ground to all three of its main rivals. Asda's market share has fallen to 16.7%, its lowest level for 18 months, according to the latest figures from Kantar Worldpanel, the consumer r
Read moreWednesday newspaper round-up: Budget, Asda, BP
23rd Jun 2010 06:35
Every household in Britain will be worse off after George Osborne unveiled £29bn worth of annual tax rises and the biggest cuts in public spending for almost a century. In an ambitious attempt to reduce the nation's borrowing, the Chancellor said everyone had to share the pain to repair "the ruins"
Read moreMARKET TALK: Renumeration An Issue For Tesco - PIRC
22nd Jun 2010 15:40
1440 GMT [Dow Jones] Renumeration levels are an issue for Tesco (TSCO.LN), PRIC analysts say. Says shareholders should oppose the group's remuneration report at the annual general meeting on July 2. Says Terry Leahy's financial renumeration, which last year was the second-highest paid director withi
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
22nd Jun 2010 15:40
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1440 GMT [Dow Jones] Renumeration levels are an issue for Tesco (TSCO.LN), PRIC analysts say. Says shareholders should opp
Read more2nd UPDATE:Retailers Says VAT Rise Expected;Finalizing 2011 Changes
22nd Jun 2010 15:29
(Adds company, analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. retailers Tuesday said the rise in value-added-tax announced in the coalition government's emergency budget was expected and the announcement provides clarity to facilitate industry
Read moreSector movers: Supermarkets jump after budget
22nd Jun 2010 15:24
Supermarkets are among the best performing stocks today following Chancellor George Osborne's announcement that VAT will rise to 20% from 17.5%. The measure could squeeze supermarkets' profits by forcing consumers to cut back on expenditure, but the rise will not come into effect until January 4 a
Read moreUPDATE: UK Retail Shares Up As Govt Keeps No VAT On Food, Kids Clothes
22nd Jun 2010 14:59
(Adds analyst comment.) LONDON (Dow Jones)--U.K. retail stocks rose Tuesday after the U.K.'s coalition government announced a value-added-tax rise from next year but kept food and children's clothes exempt. VAT will increase to 20% from 17.5% Jan. 4, George Osborne said, delivering his fir
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 14:35
0630 GMT [Dow Jones] USD/HKD drifts higher, at 7.7773 vs 7.7721 late yesterday; trader from U.K. bank says various banks selling HKD to lock in profit, as euphoria over potentially stronger CNY has waned, though sales weren't heavy. "The key thing to look at will be the yuan. Agricultural Bank's upc
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 14:35
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1335 GMT [Dow Jones] The timing of the rise in value-added-tax to 20% from 17.5% from January 4 next year protects the key Ch
Read moreMARKET TALK: UK VAT Rise Protects Christmas Trading - Barclays
22nd Jun 2010 14:35
1335 GMT [Dow Jones] The timing of the rise in value-added-tax to 20% from 17.5% from January 4 next year protects the key Christmas trading period and will benefit retailers, says Head of Retail & Wholesale at Barclays Corporate, Richard Lowe. He says the timing will also help stimulate sales betwe
Read moreTesco's UK Grocery Market Share Steady At 30.8% In 12 Wks -Kantar
22nd Jun 2010 14:19
LONDON (Dow Jones)--The U.K.'s biggest retailer by sales Tesco PLC's (TSCO.LN) U.K. grocery market share was held at steady 30.8% in the 12 weeks ended June 13, according to Kantar World Panel market share data Tuesday. The nation's second biggest retailer, Asda Group Ltd., saw its market share
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 14:11
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in
Read more