FTSE 100 movers: British American Tobacco fizzles, metals miners strong
2nd Jun 2015 14:00
London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read moreTesco sales fall as Morrisons returns to growth and discounters Lidl and Aldi expand
2nd Jun 2015 10:47
Tesco continued to lose market share and saw its sales slump 1.3% in recent weeks, according to fresh supermarket data from Kantar Worldpanel, as Morrisons returned to growth and discounters Aldi and Lidl continued to surge. Grocery market figures for the 12 weeks ending 24 May showed Morrisons was
Read moreTesco windfall from Dunnhumby sale may be halved, reports say
2nd Jun 2015 08:21
Potential private equity buyers for Tesco's Dunnhumby data unit have cut their valuation for the business in half, according to City talk. Tesco's April renegotiating of Dunnhumby's deal with US retailer Kroger, which was intended to make the business more attractive to buyers, has led to bidders cu
Read moreSector Movers: Miners, foods retailers send London market lower
29th May 2015 15:47
London market slipped back into the red on Friday trading, with miners and food retailers bearing the brunt of the selloff. The FTSE 100 came in at 6984.43 down 0.80% or 56.49 points, as traders indulged in an end of the week profit taking spree as Thursday's gainers in the shape of bankable tobacco
Read moreFinancial Reporting Council to investigate relationships between suppliers and retailers
29th May 2015 11:39
The relationship between suppliers and retailers is set to be scrutinised by the Financial Reporting Council following Tesco's accounting scandal. The accountancy watchdog unveiled plans to focus audit inspections on the food retailing sector this year, after the FTSE 100 group overstated last year'
Read moreThursday newspaper round-up: Broadcom, Thomas Cook, Bank of England
28th May 2015 07:03
According to The Wall Street Journal, chipmaker Broadcom is in "advanced talks" to be taken over by peer Avago Technologies in a deal worth $35m. Thomas Cook's former boss Harriet Green, who left the travel group in November, is to donate one third of her multimillion-pound share payout to a charity
Read moreWednesday broker round-up
27th May 2015 07:57
Beazley: JP Morgan upgrades to overweight from neutral and sets 308p target, up from 255p. Hiscox: JP Morgan upgrades to overweight from neutral and ups target to 950p from 801p. Lancashire Holdings: JP Morgan improves target price to 642p from 589p, stays at neutral. Dixons Carphone: Exane keeps
Read moreFriday newspaper round-up: RBS, Bank of Japan, Tesco
22nd May 2015 06:47
RBS is to ask shareholders to approve the cost of producing any documents and fees associated with the process of the government selling down its 79% stake, according to The Guardian. The yen strengthened overnight after the Bank of Japan maintained monetary policy and hinted that there is no rush t
Read moreWednesday newspaper round-up: Barack Obama, Tesco, Google
13th May 2015 06:31
Barack Obama's plans for new free trade agreements with Asia and Europe have been dashed after the bill received just 45 votes in favour by Senate Democrats out of the 60 needed for it to pass, writes The Guardian. Tesco has called an end to its non-food only UK stores by closing the remaining six H
Read moreTuesday newspaper round-up: Greek bond yields, Lloyds, Shell
12th May 2015 06:40
Greek borrowing costs shot up on Monday despite Athens making a €750m debt payment to the IMF, reports The Times. The yield on a Greek two-year bond yield jumped 83 basis points to 21.34% with some still concerned that the nation will default. Advisory firm Pirc has told Lloyds shareholders to vote
Read moreAhold and Delhaize discuss merger, according to reports
11th May 2015 08:49
Dutch retailer Ahold and Belgian rival Delhaize may have held discussions on a possible merger. That is according to various reports including France's Les Echos and Belgium's De Tijd. Analysts believe the companies are motivated by the need to offset margin pressures in the US, the market from whi
Read moreSunday newspaper round-up: Scottish taxes, EU offensive, Tesco
10th May 2015 16:26
Directors of Standard Life are preparing to issue a coded warning on the dangers of Scotland's tax regime diverging from the rest of the UK as business people fret over the fallout from the Scottish National Paty's landslide victory. - Financial Times David Cameron will launch a 100-day policy offen
Read moreSupermarket promotions war rages on, Nielsen grocery data shows
8th May 2015 12:12
Supermarket sales volumes rose for fifth straight month as promotional spending increased to 34% of sales and price deflation scraped along at an all-time low, the latest Nielsen market share data showed. Sainsbury's suffered the smallest decline in year-on-year sales to stand out at the best perfor
Read moreMarket overview: Stocks surge on election results
8th May 2015 08:56
1630: Close Stocks ended day sharply higher following the surprise win by the Conservatives. Various issues received a significant boost as traders readjusted their positions to the prospect that the current economic policy settings would be maintained and the implications that would have for those
Read moreSainsbury's fares best as Big Four supermarkets all lose market share, says Kantar
6th May 2015 09:24
The Big Four group of UK supermarkets all lost market share in the last 12 weeks, with Sainsbury's performing best of this bunch and Asda the worst hit. According to data from Kantar Worldpanel, Tesco saw its market share shrink 0.4 percentage points to 28.4% in the 12 weeks to 26 April as its sales
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