UK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 14:11
0626 GMT [Dow Jones] Situation in Europe is such dark cloud, says Rory Robertson at Macquarie; reckons Australian central bank may be on hold for quite a while. "Having paused in June and being about to pause again in July ahead of CPI, I think the RBA would love to remain on hold for the rest of th
Read moreMARKET TALK: VAT Rise To Squeeze UK Discretionary Income-Shore
22nd Jun 2010 14:11
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 '11 and will make it harder for retailers to maintain performance levels, Shore Capital analyst Clive Black says. However, Black adds the impact will be partially offset by a
Read moreUK Retail Shares Up As Govt Keeps No VAT On Food, Kids Clothes
22nd Jun 2010 13:57
LONDON (Dow Jones)--U.K. retail stocks rose Tuesday after the U.K.'s coalition government announced a value-added-tax 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 first budget as U.K. Chancellor of th
Read moreCity unfazed by Osborne's tax rises
22nd Jun 2010 13:51
The City has reacted positively to Chancellor George Osborne's first budget, which included a series of tax rises but emphasised cutting spending rather than raising revenues. 'The coalition government believes that the bulk of the reduction must come from lower spending rather than higher taxes,'
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 13:48
0621 GMT [Dow Jones] USD/CNY extends gains in afternoon session following fresh USD demand from large state-owned Chinese banks, traders say. "We are seeing several big names buying at around CNY6.8200 and it's continuing," says Guangzhou-based trader at foreign bank. Another Shanghai-based trader a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 13:48
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] 1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retaile
Read moreMARKET TALK: UK VAT Rise Expected; To Burden Retailers - PWC
22nd Jun 2010 13:48
1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retailers, Pricewaterhouse Coopers analyst Mike Bailey says. Says the rise to 20% was well-forecasted before the announcement Tuesday. Says retailers will face a burden although the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 13:48
0619 GMT [Dow Jones] (An item at 0600 GMT, misstated Yang Ming Marine's closing stock price. The correct version follows:) Taiwan shares end down 0.3% at 7612.68 in quiet trade, taking breather after ending at 5-week high yesterday. Hua Nan Securities Investment Assistant Vice President Henry Miao t
Read moreMARKET TALK: Caution On Fresh & Easy; Tesco Pursues Suppliers
22nd Jun 2010 08:06
0706 GMT [Dow Jones] Shore Capital retains its cautious view on Tesco's (TSCO.LN) Fresh & Easy business from a valuation perspective, after the supermarket giant is reported to have taken over its two key suppliers to the business. Thinks the acquisition may add to the near term losses of Fresh & Ea
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
22nd Jun 2010 08:06
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0706 GMT [Dow Jones] Shore Capital retains its cautious view on Tesco's (TSCO.LN) Fresh & Easy business from a valuation p
Read moreTesco Takes Over Fresh & Easy Suppliers - Financial Times
22nd Jun 2010 07:17
LONDON (Dow Jones)--U.K. supermarket Tesco PLC (TSCO.LN) is taking over the U.S. operations of two key suppliers to its fledgling Fresh & Easy business after its slower-than-expected expansion, the Financial Times reports Tuesday. Tim Mason, the head of the Fresh & Easy business, told the newspa
Read moreUPDATE: Sainsbury Shuffles Senior Management Team
21st Jun 2010 13:43
By Steve McGrath and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Monday shuffled its management team, putting current Chief Financial Officer Darren Shapland in charge of future developments at the company, and promoting John Rogers
Read moreUK SMALLCAP ROUNDUP: GW Pharmaceuticals Wins Sativex Approval
18th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps GW PHARMACEUTICALS PLC (GWP.LN), a drug developer, Friday said it received a license for its cannabis-derived multiple sclerosis medicine Sativex from th
Read moreFTSE 100 movers: Miners move higher
18th Jun 2010 15:19
Footsie has edged higher with mining companies leading the push higher. Miners Fresnillo, Lonmin and Randgold Resources are all higher. BT is lower due to worries about a potential strike. The Communication Workers Union wants BT to increase its 2% pay offer. UBS has cut its ratings for outso
Read moreTesco defends US boss's pay
18th Jun 2010 14:36
Supermarket giant Tesco has leapt to the defence of Tim Mason, the head of its US Fresh and Easy business, after a US lobby group urged investors to vote against his "excessive remuneration" at the AGM. CtW Investment, a lobbyist for US pensions funds, slammed Mason's £4.3m salary and bonuses last
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