Tuesday newspaper round-up: Shire, Tesco, French air traffic
24th Jun 2014 07:45
Shire boss Flemming Ornskov on Monday admitted a higher offer from its US rival AbbVie could result in a takeover of the Irish drugmaker as he fleshed out his ambitions to double annual sales by 2020. Mr Ornskov, who has led Shire for just over a year, said he would not stand in the way of a potenti
Read moreSunday newspaper round-up: Tesco, AstraZeneca, Asos
22nd Jun 2014 13:02
Some of Tesco's biggest shareholders have complained to the retailer's senior independent director (Sid) about its strategy and management, the Sunday Times said. An unidentified top 10 shareholder said it expressed its concerns with the Sid, Patrick Cescau, and not Tesco's Chairman, Sir Richard Bro
Read moreThursday newspaper round-up: Mysale, Float, Lidl
19th Jun 2014 07:29
Mike Ashley has taken a £12m stake in MySale and signed a joint venture agreement with the online retailer ? just days after it floated on AIM. The stake-building and strategic joint venture unites two of Britain's richest retailers. Sir Philip Green, the billionaire owner of TopShop, is one of MySa
Read moreLondon open: UK stocks rise as investors await BoE minutes, Fed
18th Jun 2014 08:29
- Supermarkets, telecoms lift markets higher - Fed in focus ahead of policy decision - BoE minutes closely watch amid rate-hike speculation techMARK 2,801.10 +0.23% FTSE 100 6,787.81 +0.31% FTSE 250 15,598.89 +0.09% UK stocks markets were putting a decent performance on Wednesday, helped by gains
Read moreTuesday newspaper round-up: Bank of England, Immigrants, Energy bills
17th Jun 2014 06:41
An early rise in interest rates has been all but confirmed after the most dovish of the Bank of England's nine policymakers revealed yesterday that he expects to vote for an increase by May of next year. In words that underscored the governor's surprise statement last Thursday that rates could rise
Read moreFTSE 100 movers: ITV jumps on advertising speculation, broker comment
12th Jun 2014 14:53
ITV's share price was rising strongly following reports that it could benefit from a move by US media giant Omnicom to halt further spend on advertising with broadcasting peer Channel 5. Also pushing it higher was Goldman Sachs, which reiterated its 'buy' rating on the broadcaster and cut its targe
Read moreGoldman repeats 'sell' advice and cuts price target on Tesco
12th Jun 2014 13:23
Goldman Sachs has reiterated its 'sell' advice and slashed its price target on Tesco after a downbeat trading update from the troubled supermarket group last week. Goldman cut its target on Tesco to 250p from 270p following the retailer's first-quarter update, in which it said UK like-for-like sale
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreTesco current account launch is 'good news' but a 'small step' say analysts
10th Jun 2014 08:28
Tesco has launched the first current account from its banking division as it seeks new ways of increasing customer loyalty to aid its recently troubled core business. Tesco Bank, which has so far only offered mortgages, savings accounts and insurance, has roughly 6m customers in the UK. While it i
Read moreTuesday newspaper round-up: Sports Direct, Tesco, BP
10th Jun 2014 07:28
The board of Sports Direct has reignited a row with its minority investors over executive rewards by creating a £200m bonus fund that conceals a likely payout for Mike Ashley, its billionaire founder. Shareholders reacted with indignation as the sportswear chain came up with its third plan in two ye
Read moreFormer Tesco CEO "very disappointed" at sales decline
10th Jun 2014 06:49
Sir Terry Leahy, the former boss of Tesco, has said he is "very disappointed" with the recent sales performance of the grocer. The comments follow the group's first-quarter results last week, which revealed that UK like-for-like (LFL) sales excluding petrol slid 3.7%. This was a deterioration from
Read moreFTSE 100 movers: Housing stocks make gains
9th Jun 2014 14:49
Housing stocks were in demand today amid speculation that the government could soon announce measures to incentivise building on brownfield sites across the UK. Barratt Developments led the sector higher, with last week's announcement that the government is set to boost housing supply in the UK ami
Read moreLondon midday: Upbeat global data gives UK stocks a lift
9th Jun 2014 11:30
- Housebuilders, miners lift markets higher - Chinese and Japanese data boosts sentiment - US stock futures flat at record highs - Lloyds prices TSB IPO well below book value techMARK 2,850.52 -0.04% FTSE 100 6,870.36 +0.18% FTSE 250 16,191.67 -0.25% Upbeat economic data from across the globe and
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