Tesco unveils details of new tablet
3rd Oct 2014 10:32
Tesco on Friday unveiled the details of its new Android tablet which goes on sale on 9 October. The hudl2 includes an 8.2 inch 1920x1200 HD screen and will be available in eight different colours. The device is powered by an Intel Atom 1.83GHz quad-core processor for fast web access, browsing photo
Read moreMorrisons to match prices with Aldi and Lidl - UPDATE
2nd Oct 2014 13:25
Morrison Supermarkets has unveiled plans for a price-match scheme where it will compare prices with discount chains Aldi and Lidl as well as its larger rivals. The move is the first of its kind with Morrison being the first to price-match against either of the two German discounters. Under the pric
Read moreLondon midday: Stocks in the red as ECB rate decision edges closer
2nd Oct 2014 11:29
UK stocks were starting to come off their earlier losses around midday, having fallen sharply early on ahead of the European Central Bank (ECB) rate decision. At the midday point, the FTSE was 13.95 points lower at 6,543.57. Although the ECB is not expected to adjust its current rate, there was spe
Read moreThursday tips round-up: Sainsbury, Tesco, UBM
2nd Oct 2014 09:07
Competition in the UK groceries market has simply gotten downright vicious, as the disruptive German discounters Aldi and Lidl carve themselves a piece of the market. That is so much so the case that last month the market's size grew at its slowest since 1993, data from Kantar revealed. However, the
Read moreThursday newspaper round-up: Energy suppliers, Tesco, S&P
1st Oct 2014 22:07
Six of the main energy suppliers are facing losing a quarter of their profits over the next six years, the Guardian reported on Thursday. According to City financial analysts, if such a high number of customers were to defect, it would knock £500m a year off the companies' collective profits. The I
Read moreSector movers: Sainsbury leads market lower on strong trading volume
1st Oct 2014 17:02
Grocers led the market lower as the news-flow surrounding the sector continued to be intensely negative, with investors' worries seemingly cristalysing as shares of Tesco continued to slide lower. That followed the unexpected news first thing Wednesday morning that the Financial Conduct Authority (F
Read moreTesco's boss orders head office staff to work at stores amid investigation
1st Oct 2014 10:20
Tesco's new boss has reportedly ordered thousands of staff at head office to work at stores to help improve service amid an investigation into the supermarket's accountancy practices. Chief executive Dave Lewis on Tuesday sent an email to employees, including top executives, at Tesco's headquarters
Read moreLondon open: Stocks slightly lower after Eurozone PMIs
1st Oct 2014 09:29
The Footsie has begun the Wednesday session trading lower following downbeat performances from both US and Asian markets overnight and ahead of the latest manufacturing sector data out Stateside this afternoon. The FTSE 100 was 34 points lower at 6,589 as of 09:20. "Today we have the latest manufac
Read moreLondon pre-open: FTSE to open lower ahead of manufacturing PMIs
1st Oct 2014 07:39
London-listed stocks are expected to start Wednesday's session on the backfoot following downbeat performances from both US and Asian markets overnight and ahead of manufacturing sector readings due out across the globe. City sources predict the FTSE 100 will open around 13 points lower than yesterd
Read moreTesco to face full investigation from Financial Conduct Authority - UPDATE
1st Oct 2014 07:09
Beleagured grocery giant Tesco has been notified by the financial regulator that a full investigation has begun into its recent profit overstatement. The Financial Conduct Authority (FCA) told the FTSE 100 grocer that it will look into its £250m overstatement of expected profit for the half year, al
Read moreWednesday newspaper round-up: Ebay, Tesco, Microsoft
30th Sep 2014 22:18
Online auction site Ebay announced plans to spin off its Paypal business into a completely separate publicly traded company in 2015, the Wall Street Journal reported on Wednesday. Ebay's decision comes less than a month after Apple unveiled Apple Pay, a new mobile payment technology that could pose
Read moreBroker tips: BAE Systems, Associated British Foods, Tesco
30th Sep 2014 17:04
Shares of aerospace engineer BAE Systems have run up by 12% relative to the Footsie over the past quarter, but it's time to sell, say analysts at Westhouse Securities. Thus, the firm can be expected to benefit from weakness in sterling. However, several negative aspects seen in recent reporting peri
Read moreFTSE 100 movers: Broker comment lifts Associated British Foods
30th Sep 2014 15:57
Associated British Foods climbed after Credit Suisse upgraded the stock to 'outperform' with a target price of 3,000p. Product testing group Intertek was a strong riser after investors learned it has appointed André Lacroix as chief executive. Lacroix has spent close to a decade in charge of automot
Read moreRecent profit warning puts Tesco's credit metrics into 'junk' territory
30th Sep 2014 15:47
For analysts at Nomura the latest 'profit warning' from Tesco puts that company's credit metrics effectively into 'junk' territory, as per a research note issued on 29 September. As regards the company's fundamentals, if one takes the better part of the firm's £250m profit warning at face value then
Read moreWednesday preview: Sainsbury releases second quarter results
30th Sep 2014 14:11
Sainsbury will take to the podium with its latest interim results on Wednesday. Like the other 'Big Four' UK supermarkets, the company has come under pressure as it has lost market share to discounters including Aldi and Lidl. The competition has prompted a price war among the 'Big Four', which als
Read more