FTSE 100 movers: BP continues to sink
8th Jun 2010 15:16
BP is yet again leading the Footsie lower after a double blow to its prospects delivered in the US and Russia. US president Barack Obama has said he'd sack the company's chief executive Tony Hayward in an interview with NBC to be aired tonight. Obama took exception to Hayward's comments that he wan
Read moreSector movers: Supermarkets fall after board changes
8th Jun 2010 14:56
Tesco is leading the food retail sector lower after announcing that chief executive Sir Terry Leahy is to retire next March with Philip Clarke moving up to take his place as CEO at the UK's top supermarket chain. Leahy steps down after 14 years in the top job, a period that has seen Tesco become th
Read moreBroker tips: Tesco, Aggreko, WH Smith
8th Jun 2010 13:35
Philip Clarke, the nominated successor to Sir Terry Leahy, the Tesco chief executive who announced his impending retirement on Tuesday, is a bit of an unknown quantity in the City but broker Charles Stanley reckons Clarke's pedigree looks good. "Given his already lengthy career at Tesco and success
Read moreBroker snap: Tesco in safe hands
8th Jun 2010 13:34
Philip Clarke, the nominated successor to Sir Terry Leahy, the Tesco chief executive who announced his impending retirement on Tuesday, is a bit of an unknown quantity in the City but broker Charles Stanley reckons Clarke's pedigree looks good. "Given his already lengthy career at Tesco and success
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
Read moreMARKET TALK: Tesco's Risk Of Losing More Top Mgmt 'Very Low'
8th Jun 2010 12:20
1120 GMT [Dow Jones] The risk that any of Tesco's (TSCO.LN) top team will leave the company in the near term is very low, says Deutsche Bank. It doesn't think there is significant disquiet on the Tesco board amongst those not given the CEO job. Amongst those thought to have been front-runners for th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 12:20
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] 1120 GMT [Dow Jones] The risk that any of Tesco's (TSCO.LN) top team will leave the company in the near term is very low, say
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 12:18
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] 1118 GMT [Dow Jones] Evolution Securities cuts its target price on Tesco (TSCO.LN) to 375p from 405p following the early r
Read moreMARKET TALK: Evolution Cuts Tesco Target Price Post CEO News
8th Jun 2010 12:18
1118 GMT [Dow Jones] Evolution Securities cuts its target price on Tesco (TSCO.LN) to 375p from 405p following the early retirement of Terry Leahy from the CEO role. Notes Phil Clarke will become CEO in March 2011 and will inherit a strong business. However, he will have to preside over the biggest
Read moreMARKET TALK: Tesco New CEO Appointment Good - Charles Stanley
8th Jun 2010 11:49
1049 GMT [Dow Jones] The appointment of Philip Clarke as successor to Tesco (TSCO.LN) CEO Terry Leahy, who will retire in March '11, is a good one, says Charles Stanley. Notes that Clarke, while relatively unknown to investors, is currently board director responsible for international operations in
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 11:49
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] 1049 GMT [Dow Jones] The appointment of Philip Clarke as successor to Tesco (TSCO.LN) CEO Terry Leahy, who will retire in
Read moreMARKET TALK: Tesco Share Price Fall Decent Buying Opportunity
8th Jun 2010 11:36
1036 GMT [Dow Jones] Tesco's (TSCO.LN) share price decline following the surprise resignation of its CEO, Terry Leahy, represents a decent buying opportunity, says S&P Equity Research. Reckons the shares have been oversold since the end of April, despite attractive fundamentals. Says: "We believe th
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 11:36
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] 1036 GMT [Dow Jones] Tesco's (TSCO.LN) share price decline following the surprise resignation of its CEO, Terry Leahy, rep
Read more2nd UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 11:20
(Adds analyst comment, detail.) By Simon Zekaria and Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Tuesday that Chief Executive Terry Leahy will retire in March next year, and Philip Clarke, who curren
Read moreAT A GLANCE: Timeline Of Tesco's Growth Under Leahy's Tenure
8th Jun 2010 09:33
LONDON (Dow Jones)--Tesco PLC (TSCO.LN) Chief Executive Terry Leahy is retiring from the world's fourth-biggest retailer by sales next year following a 14-year run. Here are the main events affecting the U.K.-based company over that time. 2010-2009: Reaches group sales of GBP62.5 billion for th
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