Tesco warns sales still dropping
26th Jun 2015 07:02
Supermarket chain Tesco reported another slip in sales, but said the decline was slowing. The retailer said at actual rates sales for the 13 weeks to 30 May 2015 declined by 1%, excluding fuel, in a trading update on Friday. UK like-for-like sales dropped by 1.3%, but this is an improvement on the
Read moreLondon close: Stocks snap five-day winning streak as Greek hopes fade
25th Jun 2015 17:12
UK stock markets finished in the red for the first time in six days on Thursday after another Eurogroup meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts. The FTSE 100, which had hit a high of 6,869.04 in morning trade, settled 36.98 points lowe
Read moreFTSE 100 movers: Admiral hit by downgrade, Tesco higher on bid speculation
25th Jun 2015 13:29
UK stocks inched lower on Thursday as investors continued to fret over the Greek debt crisis, with creditors issuing an ultimatum to Prime Minister Alexis Tsipras. As of 14:00, the FTSE 100 was trading 0.3% lower at 6,825. Insurer Admiral declined after Citigroup downgraded the stock to 'sell' from
Read moreFormer Tesco marketing boss said to be working with BC Partners on Dunnhumby bid
25th Jun 2015 12:44
Tim Mason, who left Tesco in 2012 after leading its attempt to enter the US grocery market, is reportedly working with private equity firm BC Partners on an offer for Tesco's Clubcard loyalty arm Dunnhumby. As Tesco's marketing director and latterly its deputy chief executive, Mason oversaw the cust
Read moreLondon midday: Stocks inch higher as Greek crisis comes down to the wire
25th Jun 2015 11:30
UK stock markets swung into positive territory on Thursday though gains were only modest as investors awaited further news on the Greek debt crisis, after creditors issued an ultimatum to Prime Minister Alexis Tsipras. As negotiations over the next tranche of bailout aid come down to the wire, lende
Read moreLondon open: Stocks snap winning streak as Greek hopes fade
25th Jun 2015 08:36
UK stocks snapped a five-day winning streak on Thursday morning as hopes for an overnight Greek debt deal were dashed, with Athens and its creditors failing to come to an agreement. The FTSE 100 was trading 0.21% lower at 6,830.50 early on. Greece remained "firm on its position", according to a Gre
Read moreAffinity, Carlyle and CVC Capital said to be among early bidders for Tesco South Korean unit
25th Jun 2015 08:01
Private equity firms Affinity Equity Partners, Carlyle Group and CVC Capital Partners were reportedly among seven or eight preliminary bidders for Tesco's South Korean unit. Reuters cited a report in the Korea Economic Daily, saying that MBK Partners, Goldman Sachs Principal Investment Area, TPG and
Read moreSainsbury tops FTSE 100 after Societe Generale upgrade
24th Jun 2015 08:52
Shares in UK supermarket retailer Sainsbury rose to the top of the FTSE 100 on Wednesday after Societe Generale upgraded the stock to 'buy' from 'hold' and raised the target price to 315p from 260p, pointing to a resilient profile and attractive valuation. It said the group's profile is more resilie
Read moreTuesday newspaper round-up: Greece, Tesco, Ladbrokes and Gala Coral
23rd Jun 2015 07:19
The president of the European Council, Donald Tusk, has urged EU leaders to avoid an "uncontrollable, chaotic Graccident" in their continued negotiations over Greece, The Guardian reports. The Groceries Code Adjudicator has named Tesco as the worst of Britain's leading supermarket chains at complyin
Read moreFTSE 100 movers: Hikma surges on upgrade, miners retreat
19th Jun 2015 13:50
UK stocks inched higher on Friday, despite an underwhelming outcome to the Eurogroup's meeting on Greece, with Hikma and Ashteadin the lead after broker upgrades. As of 15:00 BST, the FTSE 100 was trading 0.1% higher at 6,714. Pharmaceuticals group Hikma was a high riser after analysts at Citigroup
Read moreLondon close: FTSE 100 drops to January lows on Greek uncertainty, traders await FOMC comments
17th Jun 2015 17:16
UK stocks fell for the fourth straight day on Wednesday with London's FTSE 100 finishing at its lowest level in five months as Greece continued to fight with creditors to secure a bailout deal. Investors were also showing caution ahead of the conclusion of a monetary policy meeting at the Federal Re
Read moreFTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreLondon midday: Stocks decline as Greek woes rumble on
17th Jun 2015 11:30
UK stocks declined on Wednesday ahead of a Federal Reserve policy decision, as negative news from Greece continued to weigh on sentiment. Just before noon, the FTSE 100 was trading 0.31% lower at 6,689.07 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. Should the index finis
Read moreBroker tips: Betfair, Tesco, Sainsbury, Morrison, BAT, Imperial Tobacco
17th Jun 2015 10:23
Numis raised its rating on Betfair to 'reduce' from 'sell' and reiterated its 2,100p price target, in light of the modest recent retreat in the share price. Commenting on the company's full-year results, it noted that revenue was just a touch ahead of its expectations, with earnings before interest,
Read moreLondon open: UK stocks flat as investors watch Greece, Fed decision
17th Jun 2015 08:42
UK stocks paused at a three-month low on Wednesday morning ahead of a Federal Reserve policy decision, as negative newsflow from Greece continued to dampen risk appetite. The FTSE 100 was trading 0.1% lower at 6,703.24 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. The inde
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