Analysts see further downside to Tesco's shares after another profit warning
9th Dec 2014 09:42
A surprise profit warning from Tesco on Tuesday sent its share price plummeting, though analysts still see more downside to the stock which has already halved since the start of the year. A number of profit downgrades, an accounting scandal and several senior-management changes have hammered the sha
Read moreLondon open: Stocks sideswiped by oil plunge, growth concerns, Tesco profit warning
9th Dec 2014 09:24
UK stocks dropped sharply for the second straight session on Tuesday as plummeting oil prices, macro concerns and a profit warning from retail giant Tesco hammered market sentiment. After losing 1% of its value the previous session, London's FTSE 100 was down a further 1.3% at 6,584 in early deals.
Read moreLondon pre-open: FTSE to fall early on amid Fed speculation, Tesco in focus
9th Dec 2014 07:44
Stocks are expected to suffer a drop early on in Tuesday's session following suggestions the Federal Reserve could next week withdraw its commitment to low interest rates. City sources predict the FTSE 100 will open around 40 points lower than Monday's close of 6,672.15. "For a long time, the Fed h
Read moreTesco shares plummet as supermarket surprises with another profit warning
9th Dec 2014 07:05
Shares in Tesco plunged on Tuesday after the struggling supermarket chain published an unscheduled trading statement, guiding to at least a 58% drop in trading profits for the full year, much worse than feared. The company said that on the back of changes and investments made so far this year to imp
Read moreTuesday newspaper round-up: FCA, Tesco, Chinese stocks
8th Dec 2014 08:27
Several senior executives at the Financial Conduct Authority will have to do without their bonuses. The decision was taken in anticipation of a report prepared by Clifford Chance, to be released on Wednesday, which will heavily criticise them for a blunder which hit the share prices of big insurers
Read moreSunday newspaper round-up: BP, Sainsbury, Premier Foods
7th Dec 2014 17:59
BP will shed middle managers and put projects on hold as it deals with the falling price of oil, the Sunday Times reported. Finance Director Brian Gilvary told the paper headcounts were falling across all operations and that it would cut the estimated price of oil it uses for budgeting. Gilvary said
Read moreWednesday newspaper round-up: Autumn Statement, UK food prices, Schlumberger...
3rd Dec 2014 06:49
UK Chancellor George Osborne is expected to use Wednesday's Autumn Statement to deliver a near financial injection to Britain's economy by boosting small-to-medium enterprises (SMEs) with nearly £1bn. Osborne is predicted to hand an additional £400m over to the British Business Bank and more funding
Read moreSector movers: Sainsbury leads grocery stocks higher
2nd Dec 2014 14:28
Food and drug retailers were the best-performing stocks on Tuesday, with supermarkets leading the charge. The wider retail sector has performed well over recent sessions on the back of the recent plunge in oil prices, with shops hoping that less pressure on customers' wallets will lead to a pick-up
Read moreTuesday newspaper round-up: Tesco, Bicester, Rouble...
2nd Dec 2014 06:51
New Tesco boss Dave Lewis is planning to bring Matt Simister, one of the eight executives suspended after an accounting irregularity, back to the company as he takes direct control of the retailer, the Telegraph has said. Lewis said that Simister had actually "worked tirelessly to resolve the issues
Read moreNewspaper Round-up:
1st Dec 2014 20:51
The Russian rouble plummeted the furthest it's fallen in once day since 1998 during the default crisis. Capital flight has accelerated, raising the risk of emergency exchange controls and greatly affecting companies currently holding onto more than $680bm in external debt, according to the Telegraph
Read moreSunday newspaper round-up: Balfour Beatty, Canary Wharf, Vodafone
30th Nov 2014 15:25
Balfour Beatty could be broken up as John Laing Infrastructure Fund considers a billion-pound bid for the company's investment arm, the Sunday Times reported. John Laing is interested in bidding for Balfour's 60 private finance initiative (PFI) contracts. It would leave Balfour with a business worth
Read moreVodafone to takeover Tesco's streaming service
30th Nov 2014 11:44
Mobile phone provider Vodafone is set to acquire Tesco's video streaming service Blinkbox, as it aims to enter the pay-TV market. The stricken retail giant is set to offset its loss-making on-demand service and negotiations with Vodafone are at an advanced stage after other interested parties have p
Read moreFTSE 100 movers: Supermarkets fall amid Campylobacter outrage, energy stocks drop
27th Nov 2014 15:24
The share price of UK supermarket chain Sainsbury was under pressure on Thursday after Shore Capital downgraded its rating from 'hold' to 'sell', saying investors should expect a "material contraction in profitability". The broker said it sees "few attractions in holding Sainsbury's shares". It expe
Read moreLondon close: UK stocks finish flat as retailers fall, data comes in mixed
25th Nov 2014 16:33
London's FTSE 100 ended Tuesday's session more or less where it started with stocks in the retail sector limiting gains while investors digested a string of important economic data. A disappointing third-quarter update from Kingfisher saw shares in the DIY retailer slump, while the supermarket secto
Read moreSector movers: Supermarkets decline as Tesco angers shareholders
25th Nov 2014 14:35
The supermarket sector was under pressure on Tuesday as Tesco felt the heat from its indignant shareholders in response to a recent accounting scandal that left a £263m black hole in its accounts. Tesco's shares were down 2.1% at 189.25p in afternoon trade after a law firm claimed that shareholders
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