WPP reportedly teams up with General Atlantic to bid for Tesco Clubcard business
9th Jul 2015 07:33
Advertising agency WPP has reportedly teamed up with private equity firm General Atlantic to bid for Tesco's loyalty card business, Dunnhumby. According to Bloomberg, the two firms are among those who submitted offers last week for the business. It cited people familiar with the matter as saying tha
Read moreShop price deflation eases in June, BRC-Nielsen says
8th Jul 2015 10:25
Food prices in June fell at their slowest rate for several months and non-food retail price deflation eased off as overall shop prices fell 1.3% in June, up from -1.9% in May. The monthly BRC-Nielsen Shop Price Index (SPI) for June 2015 showed annual food deflation of 0.4%, the lowest since February
Read moreJapan's Aeon could buy Tesco's Malaysian unit
7th Jul 2015 12:34
Tesco's efforts to sell its Malaysian operations, valued at £900m, have been boosted by interest from Japan's acquisitive retail group Aeon, according to reports. Aeon was said to be interested in buying the unit, people familiar with the matter told Reuters, which would transform the Japanese corpo
Read moreTesco's shortlist for South Korea sale said to include Affinity, Carlyle and MBK Partners
2nd Jul 2015 07:37
Private equity firms Affinity Equity Partners, Carlyle Group, MBK Partners and the private equity arm of Goldman Sachs have reportedly been shortlisted for the sale of Tesco's South Korean Unit, Homeplus, which is valued at around $6bn. Reuters cited sources as saying that bids for the next round ar
Read moreFTSE 100 movers: Travel and banking stocks surge, miners decline
1st Jul 2015 13:05
London markets were buoyed by strength in the travel and banking sectors, which offset weakness in mining and oil stocks. As of 14:30 BST, the FTSE 100 was trading 1.5% higher at 6,617. Travel and leisure stocks including Easyjet, IAG, TUI and IHG rebounded after a recent sell-off. The sector had b
Read moreLondon close: Last-minute Greek proposal fails to lift stocks, FTSE plunges 1.5%
30th Jun 2015 16:41
A last-minute request from Greek prime minister Alexis Tsipras for a new bailout programme failed to inspire gains on London's stock market as the heavyweight mining sector bore the brunt of a reduction in risk appetite. A sell-off on the base metals market was weighing heavily on mining stocks, pus
Read moreFTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read moreLondon midday: Stocks pare losses as investors hope for last-minute Greek deal
30th Jun 2015 11:05
UK stocks were trading in the red again on Tuesday, but had bounced off their lows by lunchtime as investors digested the latest news flow from Greece. The FTSE 100 was trading 0.6% lower at 6,583.15 by midday, having bounced off an intraday low of 6,540.52 early on. The index has not closed below t
Read moreUK grocery market slides but Morrisons continues to grow, Kantar says
30th Jun 2015 09:56
The UK's grocery market slipped into decline in the second quarter of 2015, figures released on Tuesday showed. According to the latest survey from Kantar Worldpanel, sales in the sector fell 0.1% year-on-year, driven by a 1.6% decline at both Tesco and Sainsbury's, which brought their market share
Read moreLondon close: Markets slip with investors nervous ahead of crucial weekend for Greece
26th Jun 2015 16:28
UK stocks finished firmly lower on Friday as Greece entered crunch time in its debt negotiations with creditors, with officials heading towards a pivotal weekend for Athens and the Eurozone. The FTSE 100 fell 54.12 points (-0.8%) to 6,753.70, with ARM Holdings and a host of mining stocks providing a
Read moreFTSE 100 movers: Tesco surges on slower sales decline, miners lower
26th Jun 2015 14:25
UK stocks edged lower on Friday, as Greece's crucial weekend approached and mining, engineering and oil stocks provided a drag. As of 15:00 BST, the FTSE 100 was trading 0.4% lower at 6,783. Supermarket chain Tesco gained after reporting that the ongoing slide in sales was slowing. UK like-for-like
Read moreLondon midday: Stocks drop ahead of weekend Greek debt talks
26th Jun 2015 11:28
UK stocks were trading firmly in the red on Friday as investors showed their nerves ahead of a crucial weekend for Greece, as debt talks go down to the wire. The FTSE 100 was trading 0.84% lower at 6,750.63 by midday, with just six constituents trading in positive territory. "Like most of these in-
Read moreLondon open: Stocks fall as Greece enters crunch talks over debt deal
26th Jun 2015 09:13
UK stock markets fell on Friday morning after the collapse of Greek debt talks at the Eurogroup meeting the previous day. The FTSE 100 was down 0.72% at 6,758.47 in early trading, as gains in the supermarket sector were offset by weakness among miners as investors scaled back their appetite for risk
Read moreLondon pre-open: Stocks to fall ahead of pivotal weekend for Greece
26th Jun 2015 07:57
UK stocks are expected to decline on Friday morning after the collapse of Greek debt talks at the Eurogroup meeting the previous day. City sources predict the FTSE 100 will open 17 points lower than Thursday's close of 6,807.82. Another Eurogroup meeting has been scheduled for Saturday morning with
Read moreFriday newspaper round-up: Greece, Valeant makes offer for Zoetis, Tesco
26th Jun 2015 07:10
Greek bailout talks have been postponed until Saturday, giving Athens its "last chance to strike a deal or trigger a 'plan B' that would attempt to prevent a Greek default from damaging the rest of the Eurozone", reports the Financial Times. Valeant Pharmaceuticals has reportedly made a preliminary
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