MARKET TALK: Sainsbury 1Q Like-For-Like Sales Below Forecast
16th Jun 2010 07:45
0645 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q like-for-like sales of 1.1% excluding petrol but including VAT, are slightly below Execution Noble's estimate of 1.5%, the brokerage says. However, its estimate was ahead of consensus. Execution prefers either Tesco (TSCO) or Morrison (MRW.LN), with 22
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:45
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] 0645 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q like-for-like sales of 1.1% excluding petrol but including VAT, are slightly
Read moreLondon pre-open: Rally set to continue
16th Jun 2010 07:39
It looks like being another strong start for London following last night's 200-point rally on Wall Street, with the FTSE 100 looking to make it six up days in a row. US traders piled into stocks after debt auctions in Spain and Belgium attracted decent demand, alleviating some of the fears about an
Read moreSainsbury 1Q Sales Slow; Says Well-Placed For Progress
16th Jun 2010 07:16
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 well-placed to make good progress in a challenging environment. "We have made
Read moreSainsbury's blows its own Vuvuzela
16th Jun 2010 07:05
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 horns. Britain's third largest supermarket said like for like sales excluding petrol increased by 1.1% during the 12
Read moreLondon close: Higher finish for FTSE 100
15th Jun 2010 16:39
British Satellite Broadcasting (BSkyB) was in focus Tuesday, climbing more than 16% to help Footsie to a higher finish after an offer from News Corp. News Corporation, the vehicle of media magnate Rupert Murdoch, is fed up being a 39.1% minority shareholder in BSkyB and wants to gain full control o
Read moreLondon afternoon: British Airways soars on ACAS news
15th Jun 2010 14:35
Shares have largely moved sideways in the afternoon session, with the sharp rise by British Satellite Broadcasting (BSkyB) more than offsetting the loss on BP, which is once again featuring high on traders' sell lists after ratings agency Fitch downgraded the oil giant's credit rating. News Corpora
Read moreFTSE 100 movers: BSkyB tops risers
15th Jun 2010 14:34
Bid news and trading statements are helping to push Footsie higher. The indicative 700p a share bid from News Corporation for British Sky Broadcasting has made the TV broadcaster the best performer of the day. News Corp currently owns 39.1% of BSkyB. The independent directors want nearer 800p a sh
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 12:08
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] 1108 GMT [Dow Jones] Tesco's (TSCO.LN) 1Q trading update is soft, but in-line, says S&P Equity Research. It notes group sales
Read moreMARKET TALK: Tesco 1Q Soft But In-Line - S&P Equity Research
15th Jun 2010 12:08
1108 GMT [Dow Jones] Tesco's (TSCO.LN) 1Q trading update is soft, but in-line, says S&P Equity Research. It notes group sales growth of 8.2% year-on-year, in line with S&P Equity's forecast, driven by a solid international performance, including 37.8% growth in the US. S&P Equity says 1Q like-for-li
Read moreLondon midday: Tesco joins market advance
15th Jun 2010 11:53
Though prices came off in the last hour of the morning Footsie still had a positive session, with equities boosted by the release of better than expected inflation figures. The annual rate of inflation fell to 3.4% in May from 3.7% the previous month. The fall was more than had been expected, but
Read more2nd UPDATE: Tesco Joins Calls On UK Government To Shun VAT Rise
15th Jun 2010 11:53
(Adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Supermarket Tesco PLC (TSCO.LN), the U.K.'s largest retailer, Tuesday joined calls on the U.K. government not to damage a fragile economy by raising value-added tax. Economists expect the U.K.'s new coalitio
Read moreMARKET TALK: Tesco 1Q Likely Marks Low Point Of The Year
15th Jun 2010 09:46
0846 GMT [Dow Jones] Tesco's (TSCO.LN) 1Q trading update is in line with expectations, and the UK performance likely marks the low point of the year, says Bernstein. "We expect that recent increases in food commodity costs should drive an acceleration in food inflation throughout the remainder of '1
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
15th Jun 2010 09:46
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] 0846 GMT [Dow Jones] Tesco's (TSCO.LN) 1Q trading update is in line with expectations, and the UK performance likely marks
Read moreLondon open: Footsie drifts lower
15th Jun 2010 08:49
London's top stocks are lower in early dealings following yesterday's good gains, despite a multi-billion approach to BSkyB from 39% shareholder Rupert Murdoch. Satellite broadcaster BSkyB rejected a 700p per share offer from News Corporation, the vehicle of media magnate Murdoch and said 800p per
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