Sector movers: Food retailers rebound after recent falls, Tesco rises
14th Jul 2014 15:22
Bargain-hunting was benefiting the food and drug retail sector on Monday as supermarket stocks recovered after suffering some heavy falls last week. A strong rebound across the wider market was experienced today with the FTSE 100 rising 1% after dropping 2.6% last week on concerns over Portugal's b
Read moreTesco boosted by Cantor Fitzgerald upgrade to 'buy'
14th Jul 2014 15:22
Tesco's share price received a boost on Monday after analysts at Cantor Fitzgerald raised their rating on the stock from 'sell' to 'buy', saying that the stock is undervalued compared to others in the supermarket sector. The broker hiked their target for the shares from 282p to 325p and said that t
Read moreFTSE 100 movers: Imperial Tobacco rises on Reynolds-Lorillard talks
11th Jul 2014 15:25
Shares in Imperial Tobacco rose strongly after the company confirmed it is discussions with US rivals Reynolds American and Lorillard about the potential acquisition of some of their assets and brands. It is thought that Reynolds and Lorillard, the second- and third-largest cigarette makers in the S
Read moreSector movers: Supermarkets extend losses after tough week
11th Jul 2014 14:28
Supermarket stocks were the worst performers in London on Friday afternoon as the category continued to extend losses heading into the weekend. The FTSE 350 UK retail sector has lost 4.3% of its value over the last five days as the wider stock market pulled back from coming close to a multi-year hi
Read moreTesco appoints M&S finance chief as its new CFO
10th Jul 2014 11:51
Britain's biggest retailer Tesco has appointed Marks & Spencer's Chief Financial Officer Alan Stewart as its new Finance Director. The FTSE 100 grocer has been looking for a new Finance Chief since Laurie Mcllwee announced his plans to retire in April. Stewart's surprise resignation from M&S, wher
Read moreBroker tips: Antofagasta, Direct Line, Supermarkets
4th Jul 2014 12:56
Shares in copper miner Antofagasta were continuing their recent upward trend on Friday after analysts at both Morgan Stanley and UBS cited a lack of near-term negative catalysts. Morgan Stanley upgraded its rating on the stock from 'underweight' to 'equalweight', saying that "negative catalysts [ha
Read moreShore Capital continues to prefer discounters over supermarkets
4th Jul 2014 12:31
Shore Capital has repeated its preference for discount retail stocks over incumbent superstore operators after research showed that the Convenience, Discount and Online (CDO) channels will drive growth in the UK grocery market over the next five years. The Institute of Grocery Distribution (IGD) es
Read moreLondon midday: Stocks rise as global manufacturing improves
1st Jul 2014 12:06
- China, UK manufacturing PMIs show improvement - Eurozone manufacturing PMI at seven-month low - Mining stocks rise strongly - St. Modwen impresses, Ocado disappoints techMARK 2,825.76 +0.30% FTSE 100 6,780.32 +0.54% FTSE 250 15,798.59 +0.48% Improving manufacturing activity in the UK and China g
Read moreMonday newspaper round-up: Bank Rate, Income tax, Cameron
30th Jun 2014 07:32
Interest rates are likely to hit 5% within a decade, according to the outgoing Bank of England deputy governor for monetary policy. Sir Charlie Bean said it would be "reasonable" to expect borrowing costs to return to pre-recession levels in the long term - between five and 10 years. - The Guardian
Read moreLidl to open another 20 UK stores
27th Jun 2014 14:36
Discount supermarket Lidl has unveiled plans to open a further 20 stores across the UK as part of a £220m expansion plan. The news comes as recent data shows the so-called Big Four - Tesco, Sainsbury, Morrison and Asda - have been losing out on market share to the likes of Lidl and fellow low-cost
Read moreFriday newspaper round-up: Hurricane Energy, Tesco, Property market
27th Jun 2014 07:27
Hurricane Energy said it successfully drilled the first exploration well into granite rock beneath the Atlantic waters close to Britain. It said that the gusher at its Lancaster field in the West of Shetlands proved that oil could be produced from "fractured basement reservoirs", describing it as a
Read moreTesco General Merchandise Director quits, reports claim
25th Jun 2014 09:41
Neela Mukherjee, the UK General Merchandise Director at supermarket chain Tesco, has reportedly quit her role as part of an internal restructuring of the management team. Her departure comes ahead of the retailer's much anticipated annual general meeting this week. According to Sky News, respons
Read moreTesco chief Clarke needs patient investors, says former boss
24th Jun 2014 14:52
Former Tesco boss Lord MacLaurin has urged investors to be patient with current Chief Executive Officer (CEO) Philip Clarke and said that discounters were biting hard into all the Big Four grocers and were not likely to let up. According to The Independent, Lord MacLaurin laid the blame for the com
Read moreLondon midday: Stocks slip as investors weigh MPC comments, German data
24th Jun 2014 11:59
- MPC members grilled by MPs, sound dovish tone - Iraq tensions, German data weigh on sentiment - Domino Printing plummets on cautious outlook techMARK 2,807.14 -0.75% FTSE 100 6,788.81 -0.17% FTSE 250 15,563.07 -0.72% UK stocks erased early gains and were trading in the red by Tuesday lunchtime a
Read moreLondon open: Subdued start as investors await comments from MPC
24th Jun 2014 09:02
- Stocks open broadly flat ahead of German data - BoE members face grilling from MPs - Domino Printing sinks on cautious outlook - Imagination Technologies impresses techMARK 2,823.59 -0.17% FTSE 100 6,806.42 +0.09% FTSE 250 15,666.80 -0.05% UK stocks opened more or less unchanged in early trading
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