UK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 07:41
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] 0641 GMT [Dow Jones] Whilst Tesco's 1Q international like-for-like sales are broadly flat, encouragingly, there is high sing
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
15th Jun 2010 07:41
0526 GMT [Dow Jones] Spot gold steady in Asia at $1221.30/oz, down 10 cents but could be poised for some volatility later as EUR/USD sitting on 1.22 support level after Moody's downgrade of Greek debt rating late Monday, and ahead of EU summit in Brussels Thursday where Germany, France reportedly to
Read moreLondon pre-open: Shares to retreat
15th Jun 2010 07:37
London's top stocks are expected to drop in early dealings following yesterday's good gains, with investors likely to focus on results from supermarket giant Tesco. Tesco said it is continuing to see evidence of a steady consumer recovery in Britain as it reported UK like for like (lfl) sales gro
Read moreTesco UK Sales Slow;Says Well-Positioned For Economic Recovery
15th Jun 2010 07:17
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the U.K.'s largest retailer by sales, Tuesday reported slowing U.K. sales growth in the first quarter but said it is well-positioned for the future. "We're in good shape and well-positioned to deliver furt
Read moreTesco sees steady consumer recovery
15th Jun 2010 07:01
Supermarket giant Tesco said it is continuing to see evidence of a steady consumer recovery in Britain as it reported UK like for like (lfl) sales growth of 1.1%. With the effects of January's VAT increase and petrol stripped out, UK lfl sales growth was 0.1% in the thirteen weeks ending 30 May.
Read moreTuesday preview: Tesco, Ted Baker, housing
14th Jun 2010 15:13
Tesco boss Sir Terry Leahy surprised the market last week with his decision to retire next year, but the company is not expected to spring any more surprises on Tuesday when it issues a trading update. Like its supermarket peers Tesco has been dealing with slowing food price inflation which makes g
Read moreSunday newspaper round-up: BP, George Osborne, Resolution
13th Jun 2010 10:49
BP is considering putting several billion dollars into a ring-fenced clean-up fund to appease American concerns over the soaring cost of the Gulf of Mexico oil spill. The fund is one of several options to be put to the company's board tomorrow ahead of a meeting on Wednesday between Barack Obama a
Read moreOn Dow Jones Investment Banker Today: Tesco, SKS Microfinance
11th Jun 2010 23:36
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreWeek Ahead: New fiscal watchdog reports
11th Jun 2010 09:49
Investors are eagerly waiting for the report by the Office for Budget Responsibility on Monday. The document will examine the assumptions the previous government used for its borrowing and growth projections. The figures will form the basis of the government's Budget decisions on 22 June and the sp
Read moreFriday newspaper round-up: BP, Prudential, Brit Insurance
11th Jun 2010 06:43
A new calculation of the amount of oil spilled into the Gulf of Mexico from the fractured BP oil rig have dramatically increased the estimate, suggesting an amount equivalent to the Exxon Valdez disaster could be pouring into the ocean every eight to 10 days. The fresh estimate from a US government
Read moreUPDATE: Wincanton Profit Falls But New Sectors To Aid Growth
10th Jun 2010 11:35
(Adds executive comment.) By Rachael Gormley and Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Haulier Wincanton PLC (WIN.LN) Thursday reported an 85% drop in fiscal year profit, hurt by a dip in revenue and a restructuring of its loss-making German operations, but said it is
Read moreWednesday tips round-up: Tesco, WH Smith, Aggreko
9th Jun 2010 07:00
Tesco faces challenges in the current market. Sales growth in the UK is unlikely to be spectacular and the improvement in its global operations will be slow and steady, tied into the economic recovery. Also, Fresh 'n' Easy in the US is yet to make a profit. However, retiring chief executive Sir Te
Read moreCORRECT: 2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 18:00
("=2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down," at 1020 GMT, misstated Leahy's age in the third paragraph. The error also appeared in "=PROFILE: Incoming Tesco CEO Clarke Is Company Veteran" at 1521 GMT, "=UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down" at 0812 GMT and "=
Read moreHEARD ON THE STREET: Tesco Contemplates Life After Leahy
8th Jun 2010 17:16
By Molly Neal A DOW JONES COLUMN Sir Terry Leahy has transformed Tesco from a U.K. supermarket to a global retail behemoth in his 14 years at the helm. So it's little wonder the market didn't welcome the unexpected news of his retirement and shares fell Tuesday. But investors shouldn't be to
Read morePROFILE: Incoming Tesco CEO Clarke Is Company Veteran
8th Jun 2010 16:32
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Philip Clarke, the incoming Chief Executive of Tesco PLC (TSCO.LN), isn't just a veteran of the retail giant, he's spent his whole career at the company, starting with stacking shelves at his local Tesco store to earn pocket money
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