Tesco and Morrisons lose market share to discounters
1st Aug 2014 13:07
Tesco and Morrisons continue to bleed market share to competitors, such as discounters Aldi and Lidl or upscale chain Waitrose. Thus, Tesco's market share decreased to 28.3% over the last 12 weeks from 29.7% and Morrisons fell to 10.9% from 11.4%, according to the latest data from Nielsen. On this
Read moreDividend cut "increasingly likely" at Tesco, says Brewin Dolphin
1st Aug 2014 10:50
A dividend cut is looking "increasingly likely" at Tesco, according to broker Brewin Dolphin which downgraded its recommendation for the supermarket stock on Friday. Nicla di Palma, equity analyst, said that incoming chief executive Dave Lewis is "very well regarded" and familiar with the fast-movi
Read moreLondon close: GKN and Next lead FTSE to 20 point gain
29th Jul 2014 16:59
- FTSE up 19.68 points to 6,807.75 - US house prices up 9.3% in April - Housing data shows 0.2% monthly increase techMARK 2,782.23 +0.22% FTSE 100 6,807.75 +0.29% FTSE 250 15,687.02 +0.45% A positive response to updates from engineer GKN and fashion retailer Next drove the FTSE 100 index 19.68 poi
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreTesco and Morrisons hit as UK grocery market falls
29th Jul 2014 09:32
The British grocery market hit its lowest growth rate for a decade as discounters took another bite out of Tesco and Morrisons' business. Grocery price inflation fell to a historic low of 0.4% and the grocery market expanded by just 0.9% - the lowest figure for 10 years - in the 12 weeks to July 20
Read moreMorrisons names former Tesco exec as new Chairman
29th Jul 2014 07:29
Supermarket chain Wm Morrison has appointed Andrew Higginson as its new Chairman, he is due to replace Sir Ian Gibson when he retires next year. Higginson, a former Executive Director at Tesco for 15 years, currently chairs the boards of fellow retailers Poundland and N Brown and also stands as Sen
Read moreTuesday newspaper round-up: Lloyds, Tesco, Tax inversion...
29th Jul 2014 06:54
Lloyds Banking Group has been accused of unlawful behaviour by the Bank of England after it emerged its traders had manipulated interest rates in order to cut fees for its emergency lifeline at the height of the financial crisis. [...] The revelations unleashed an angry attack by Mark Carney, the Ba
Read moreMonday newspaper round-up: Smith&Nephew, Housing market, Barclays
28th Jul 2014 07:10
Medical device maker Smith&Nephew Chief Executive Olivier Bohuon expects the consolidation process in his industry to continue given that companies need to adjust their cost base. As for him, he does not waste time thinking about such possible tie-ups as such a decision is a matter for the Board to
Read moreWednesday newspaper round-up: Apple, RBS, Tesco...
23rd Jul 2014 06:54
Sales of the iPad have slumped to half their pre-Christmas high, with signs that demand for Apple's tablet computer may be in permanent decline. Despite a forecast-busting $7.7bn (£4.5bn) profit, the computing firm's shares dipped in after-hours trading as sales of its tablet fell to 13.3m from thei
Read moreLondon close: FTSE closes higher as tensions ease, ARM leads
22nd Jul 2014 16:59
- FTSE closes 66.90 higher at 6,795.34 - Geopolitical tensions ease - UK factory orders slow in July techMARK 2,826.65 +0.92% FTSE 100 6,795.34 +0.99% FTSE 250 15,650.73 +1.06% It was a strong finish for London's top tier stocks on Tuesday, with the FTSE rising steadily after an initial jump early
Read moreFTSE 100 movers: ARM leads the charge after strong Q2
22nd Jul 2014 15:53
Chip designer ARM Holdings was a high riser as it delivered a confident outlook, hailing a "healthy pipeline of opportunities" after strong licensing results helped profits beat expectations in the second quarter. The tech group, which makes processors for smartphones and tablets, said pre-tax profi
Read moreBroker tips: Tesco, Royal Mail, ARM Holdings, IG Group
22nd Jul 2014 12:42
New board members at Tesco should give "fresh perspectives" for the supermarket group, but the business will continue to face the the same structural problems, according to Deutsche Bank. The bank maintained a 'buy' recommendation for the stock but slashed its target price from 342p to 313p after c
Read moreLondon midday: UK stocks rise as risk appetite returns
22nd Jul 2014 12:12
- Mining stocks, ARM Holdings provide a lift - Royal Mail drops on disappointing parcel performance, Tesco pulls back - Gaza, Ukraine still in focus techMARK 2,816.77 +0.56% FTSE 100 6,782.04 +0.80% FTSE 250 15,592.23 +0.69% UK stocks rose strongly on Tuesday as a return of risk-on trading helped
Read moreFresh perspectives but same challenges at Tesco, says Deutsche Bank
22nd Jul 2014 10:10
New board members at Tesco should give "fresh perspectives" for the supermarket group, but the business will continue to face the the same structural problems, according to Deutsche Bank. The bank maintained a 'buy' recommendation for the stock but slashed its target price from 342p to 313p after c
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
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