Friday newspaper round-up: Tesco, Reckitt Benckiser, Ladbrokes
20th Nov 2009 06:28
Tesco's telecoms arm threatened a price war with the likes of BT, Virgin Media and Carphone Warehouse as it unveiled plans yesterday to offer bundled broadband and home phone packages for the first time. Britain's biggest retailer announced that it had signed a five-year deal with Cable & Wireless
Read moreTesco to bundle phones and broadband
20th Nov 2009 02:28
Britain's biggest retailer, Tesco, is to continue its diversification away from its core supermarket business by offering a combined broadband and home phone service. The company has signed a five year deal with telecoms giant Cable & Wireless, which will supply Tesco with wholesale broadband servi
Read moreSector movers: Mark Bolland move shakes up retail stocks
18th Nov 2009 13:15
It's a tale of two retail sectors after Marks & Spencer announced the appointment of supermarket Morrisons' boss Mark Bolland as its new chief executive. He will take up the position in the new year. Bolland joined Morrisons in September 2006, helping the Bradford-based supermarket recover from i
Read moreLondon close: Good as gold
16th Nov 2009 16:56
Footsie came close to breaching the 5400 barrier, helped by a positive start on Wall Street, but profit taking set in at the end of the session and gains were pared. Much of the blue-chip index's advance was down to mining stocks, which were in demand as metal prices continue to head north. Lonmi
Read moreLondon afternoon: Sainsbury slides on sales leak
16th Nov 2009 14:31
After getting off to a flying start, the FTSE 100 index has drifted sideways since the middle of the morning. A larger part of the blue-chip index's gain is down to mining stocks, which are in demand as metal prices continue to head north. Lonmin leads the sector higher despite reporting a full-y
Read moreSainsbury's loses business to rivals
16th Nov 2009 13:21
Supermarket J Sainsbury has lost ground to rivals for the first time since the recession began, according to confidential 'customer switching' data seen by the Times. Market researcher TNS Worldpanel found that over £11m of spending went elsewhere during the 12 weeks to November. The company, whic
Read moreLondon midday: Early gains consolidated
16th Nov 2009 12:11
Stock prices saw a modest amount of profit taking after the Footsie hit a 14-month high. Lonmin is leading the mining sector higher despite reporting a full-year loss. The South African platinum miner fell into the red in the year to September 30 as prices for the precious metal slumped in line wit
Read moreLondon open: Winning start to week
16th Nov 2009 08:42
Mining heavyweights head the pack Monday, notching up strong gains on record gold prices and demand for other metals. Randgold is top of the pile after gold hit a new record high. Rio Tinto, Xstrata and Kazakhmys are also riding high. Even Lonmin is better despite reporting a full-year loss. The S
Read moreFriday newspaper round-up: British Airways, Lloyds Banking, Tesco
13th Nov 2009 06:08
British Airways and Iberia, the Spanish flag carrier, have announced a deal to create Europe's largest airline. The merger by the two loss-making companies is expected to set off another round of cost-cutting at both to save £360m a year. Jobs are likely to be lost at head offices in London and Ma
Read moreTesco to build 3 malls in China
12th Nov 2009 18:30
Tesco is joining forces with a group of Asian investors to build three shopping centres in China. The retailer will form a 50-50 joint venture with the HSBC Nan Fung China Real Estate Fund, Metro Holdings of Singapore and Nan Fung Group of Hong Kong to open malls at Fushan in the north-east of the
Read moreBroker tips: RBS, Glaxo, Tesco
2nd Nov 2009 12:56
Royal Bank Of Scotland (RBS) shares were out of favour on Monday morning after the part-nationalised bank issued a statement about the status of its negotiations about participation in the government asset protection scheme (APS). Broker Charles Stanley said 'the big news in this statement is that
Read moreBroker snap: Ahold a good match for Tesco
2nd Nov 2009 11:38
Supermarket giant Tesco has ruled itself out of the running for taking over parts of state-owned lender Northern Rock but is now being put in the frame by ING to buy Dutch supermarket outfit Ahold. The Dutch broking house believes Ahold is seen as being undervalued, and tips Tesco as the company be
Read moreLondon close: Triple-digit losses for FTSE 100
28th Oct 2009 16:26
A poor performance from mining and financial stocks ensured that Footsie ended with triple-digit losses. Insurer Prudential, which saw a surge in US business but posted a fall in UK sales, was a heavy faller. The Pru lifted group-wide retail sales by 10% to £699m in the third quarter thanks largel
Read moreLondon afternoon: Stocks steady at lower levels
28th Oct 2009 14:10
Miners and financials remain a dead weight around Footsie's neck, but elsewhere, leading shares are slowly beginning to claw back losses. Prudential, which saw a surge in US business but posted a fall in UK sales, is still among the heaviest fallers. The Pru lifted group-wide retail sales by 10% to
Read moreLondon midday: Miners join financials on the slide
28th Oct 2009 12:05
Miners have joined financial stocks in the dog house as the Footsie dives below 5200 and threatens to carry on going to sub-5100 levels. With metal prices in retreat miners such as Xstrata, Lonmin and Kazakhmys have muscled aside insurer Prudential in the race to be worst performing Footsie stock.
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