UPDATE: Clarke To Take Helm At Tesco As Leahy Steps Down
8th Jun 2010 09:12
(Adds CEO, analyst comment.) 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 current
Read moreMARKET TALK: Incoming Tesco CEO Clarke Well Respected - RBS
8th Jun 2010 09:05
0805 GMT [Dow Jones] Incoming Tesco chief executive Philip Clarke is well respected and key to the company's previous performance, Royal Bank of Scotland analysts say. "Clarke is very well respected and has been a key driver behind Tesco's international expansion and success," analyst Justin Scarbor
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 09:05
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] 0805 GMT [Dow Jones] Incoming Tesco chief executive Philip Clarke is well respected and key to the company's previous perf
Read moreLondon open: Flat start for Footsie
8th Jun 2010 08:41
Footsie is moving sideways this morning with investors unsettled by the late fall on Wall Street last night. Tesco is the big story. 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 af
Read moreMARKET TALK: Tesco CEO Retirement A Surprise - Shore
8th Jun 2010 08:37
0737 GMT [Dow Jones] The retirement of Tesco's (TSCO.LN) chief executive is a surprise, but also increases visibility on the future of the company, Shore Capital analysts say. "The timing comes as a surprise. We were expecting him to go in the medium term, but it also removes the biggest question ma
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 08:37
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] 0737 GMT [Dow Jones] The retirement of Tesco's (TSCO.LN) chief executive is a surprise, but also increases visibility on t
Read moreTesco CEO To Retire In 2011; Intl Ops Head Clarke To Take Over
8th Jun 2010 08:06
By 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 currently heads the company's operations in Asia and Europe
Read moreTesco chief Leahy to retire next year
8th Jun 2010 07:56
Tesco 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 the dominant force in UK grocery retailing and start to make sig
Read moreTesco: Philip Clarke To Succeed Leahy As Chief Executive
8th Jun 2010 07:52
LONDON (Dow Jones)--Tesco PLC (TSCO.LN) said Tuesday that Sir Terry Leahy has decided to retire in March 2011 at the age of 55 after 14 years as Chief Executive. MAIN FACTS: -Philip Clarke will succeed Leahy. -Tim Mason (52), President and Chief Executive of the Fresh & Easy business in
Read moreSunday tips round-up: Tullett Prebon, Vodafone, Tesco bonds
16th May 2010 10:19
Inter-dealer broker Tullet Prebon saw its shares crash last week after the company said takeover talks had ended. The Telegraph feels the falls have been overdone and now is a good opportunity to buy. Tullett's revenues fell 12% to £312m in the first four months of 2010 compared with the same peri
Read moreLondon open: Rig disaster weighs on BP
30th Apr 2010 08:56
London's top stocks have made only modest gains so far despite the big rise on Wall St overnight. BP and Barclays are weighing on the index. The oil spilling out of the damaged rig in the Gulf of Mexico is now starting to come ashore in Louisiana and the scale of disaster has sent BP shares lower a
Read moreOFT climbs down in dairy investigation
30th Apr 2010 07:09
The Office of Fair Trading has dropped most of its charges of price-fixing against Tesco, Morrisons and other dairy product suppliers between 2002 and 2003 even though the majority of firms accused had already agreed to pay fines. The watchdog added that after receiving new evidence, it concluded i
Read moreFTSE 100 movers: Positive oils can't stop fall
28th Apr 2010 15:25
Strong figures from Royal Dutch Shell have also boosted the share price of fellow oil company BP but this has not been enough for FTSE 100 to hang on to positive territory. The banks, which were the worst performers earlier in the day, have recovered the majority of their earlier losses but remain
Read moreMonday's newspaper round-up: Tesco, Goldman Sachs, Gartmore
26th Apr 2010 06:32
Tesco, the supermarket chain, plans to develop four "mini-villages" in the South East along with "mixed-use living and leisure" schemes in Ipswich and northeast England. The schemes feature scores of homes, all near a Tesco store. The plans raise the prospect of people finding a home in a "mini-vi
Read moreEnQuest non-exec makes second purchase
23rd Apr 2010 16:24
North Sea oil and gas explorer and producer EnQuest is one of the best performers in the FTSE 250 index on the back of buying by non-executive director Alexandre Schneiter. EnQuest was demerged from oil services provider Petrofac on 6 April. Petrofac stayed in the FTSE 100 index but EnQuest fell o
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