London afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreUK SMALLCAP ROUNDUP: Small Cap Fundraising Gets EU Boost
18th Jun 2010 12:30
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 Small-cap investors Friday welcomed changes set to make fundraisings and rights issues by small and mid-cap companies simpler and cheaper after the Europ
Read moreStobart Group Current Trading In Line With Expectations
18th Jun 2010 11:26
LONDON (Dow Jones)--Stobart Group (STOB.LN), a provider of multimodal transport logistics solutions, announced Friday for the period from March 1 to date, it has made a solid start to the year and is trading in line with expectations. MAIN FACTS: -During the first quarter, volumes have shown
Read moreFriday newspaper round-up: BP, Songbird, Tesco
18th Jun 2010 06:33
Tony Hayward, the chief executive of BP, was accused of refusing to co-operate with a congressional investigation into the Gulf oil spill yesterday after repeatedly avoiding questions during a hostile eight-hour dressing down on Capitol Hill. Congressmen vented their fury at Mr Hayward as he repeat
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
17th Jun 2010 11:42
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] 1042 GMT [Dow Jones] Liberum Capital initiates coverage of Tesco (TSCO.LN) with a buy rating and 450p target. "Tesco is we
Read moreMARKET TALK: Liberum Starts Tesco At Buy
17th Jun 2010 11:42
1042 GMT [Dow Jones] Liberum Capital initiates coverage of Tesco (TSCO.LN) with a buy rating and 450p target. "Tesco is well-positioned to outperform its UK peer group due to its mix of activities and strong market position. Asia is the best performing international division," Liberum says. Liberum
Read moreEU Lawmakers Vote On Plan For Uniform Food Labeling In Europe
16th Jun 2010 17:57
BRUSSELS (Dow Jones)--The European Parliament voted Wednesday for new regulations that would harmonize food labeling across the European Union, but left out a controversial "traffic light" color coding system. Under the parliament's plan, food products would have to have labeling on the front of
Read moreLondon close: Footsie edges higher
16th Jun 2010 16:47
Footsie closed slightly higher on a fairly lacklustre day for the leading share index. Part-nationalised lender Royal Bank of Scotland went well on a day which saw it shed two parts of its sprawling empire. It has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank L
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreLondon midday: RBS leads sedate advance
16th Jun 2010 12:18
Leading equities sleepwalked their way through the morning session, with little in the way of corporate news to perk interest. Economic news has been mixed today with the number of people claiming unemployment benefit falling more than expected in May, but the wider unemployment rate continuing to
Read more2nd UPDATE: Sainsbury Sales Slow; Sees Low Industry Growth
16th Jun 2010 09:55
(Rewrites. Adds CEO, analysts comments, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter and warned it expects little or no short-term industry growth as U.K. grocers battle infla
Read moreLondon open: Early gains for Footsie
16th Jun 2010 08:46
London has made a strong start following last night's 200-point rally on Wall Street. In company news this morning, Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 08:20
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] 0720 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q trading statement is good, says Shore Capital, judging against the backdrop o
Read moreMARKET TALK: J Sainsbury 1Q Statement Positive - Shore
16th Jun 2010 08:20
0720 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q trading statement is good, says Shore Capital, judging against the backdrop of tough comparatives, low inflation and a subdued consumer. Shore says, whilst modest, like-for-like sales growth is in-line with that of Tesco (TSCO.LN) and Morrison (MRW.LN)
Read moreUPDATE: Sainsbury Sales Growth Slows In Line With Forecasts
16th Jun 2010 07:51
(Adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. grocer J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter, but said it is trading in line with forecasts and is well-placed to make good progress in a challenging environ
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