London open: Stocks near 14-year high after upbeat Asian data
9th Jun 2014 08:33
- China trade surplus doubles as exports rise - Japanese consumer confidence improves, GDP revised higher - Rio gains on Credit Suisse comments - Lloyds fall after pricing TSB IPO techMARK 2,852.63 +0.04% FTSE 100 6,872.71 +0.21% FTSE 250 16,239.01 +0.04% Yet another record close on Wall Street fe
Read moreBroker tips: Smith & Nephew, BSkyB, ASOS, Supermarkets
5th Jun 2014 12:54
Analysts at Credit Suisse said on Thursday that there is a "potential bidding war on the horizon" for medical devices group Smith & Nephew as US peer Medtronic became the latest company rumoured to be interested in the UK group. Satellite broadcaster BSkyB may rein back spending on English Premier
Read moreNomura sees bounce for Morrison and Tesco after supermarket slip
5th Jun 2014 11:08
Broker Nomura has scrutinised recent retail data on the UK supermarkets and concluded that the slowdown was suffered by all of the Big Four grocers and that a bounce is likely later this year, with Morrison and Tesco set to benefit most. Fresh data from market researchers Kantar was "surprisingly
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon close: FTSE drops on ex-divi stocks, supermarkets, US data
4th Jun 2014 16:59
- FTSE 100 closes 17.67 points lower at 6,818.63 - Ex-divi stocks, Tesco, miners provide drag - Focus on US data misses and tomorrow's ECB meeting techMARK 2,822.66 +0.31% FTSE 100 6,818.63 -0.26% FTSE 250 15,986.47 +0.09% Ex-dividends, supermarkets and miners dragged the FTSE to yet another negat
Read moreFTSE 100 movers: Ex-divi and supermarket stocks weigh index down
4th Jun 2014 15:38
National Grid led the fallers after going ex-dividend, with WPP also lower for the same reason. Tesco erased earlier gains and dropped into the red as the decline in like-for-like (LFL) sales at its UK business worsened in the first quarter, with the recent wave of price cuts and competitive measu
Read moreBroker tips: Tesco, Smith & Nephew, Pennon, Poundland
4th Jun 2014 12:24
Investors gave a mixed reaction to results from Tesco on Wednesday as a less-than-expected fall in first-quarter like-for-like (LFL) sales failed to stop the shares sinking into the red by mid-morning. Panmure Gordon Market Commentator David Buik said that despite coming in ahead of forecasts the 3
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreTesco narrowly beats Q1 forecasts, but analysts stay cautious
4th Jun 2014 09:36
Investors gave a mixed reaction to results from Tesco on Wednesday as a less-than-expected decline in first-quarter like-for-like (LFL) sales failed to stop the shares sinking into the red by mid-morning. UK LFL sales excluding petrol fell by 3.7% in the first three months of Tesco's fiscal year, w
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreLondon pre-open: FTSE to drop on Tesco Q1 result, Queen speech, PMIs
4th Jun 2014 07:40
A disappointing result from Tesco, the Queen's speech at the opening of Parliament and expectations of services data are all set to push blue chips into the red at this morning's opening bell. City sources predict the FTSE 100 will open around six points lower than yesterday's close of 6,836.30.
Read morePrice cuts lead to 3.7% drop in Q1 LFL sales at Tesco - UPDATE
4th Jun 2014 07:08
The decline in like-for-like (LFL) sales at Tesco's UK business worsened in the first quarter as the recent wave of price cuts across the grocery industry began to take its toll on supermarkets' top lines. UK LFL sales excluding petrol fell by 3.7% in the first three months of Tesco's fiscal year,
Read moreLondon close: FTSE weighed by data, supermarkets and miners
3rd Jun 2014 16:59
- FTSE drops 27.80 points to 6,836.30 - China, Eurozone UK construction in focus - Supermarkets hit by Kantar data techMARK 2,814.04 -0.30% FTSE 100 6,836.30 -0.41% FTSE 250 15,971.89 -0.70% A slowdown in UK construction, concerns about growth amongst the Big Four, and Chinese data all contribute
Read moreWednesday preview: Tesco to report first quarter results
3rd Jun 2014 15:36
Tesco is expected to on Wednesday report its worst set of results in 20 years amid growing competition from smaller discount chains. The UK supermarket is forecast to post a 4% fall in first quarter sales, compared to a 2.9% decline in the previous quarter. The company has tried to win back marke
Read moreFTSE 100 movers: Wolseley rises on strong Q3 sales
3rd Jun 2014 15:21
Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company M
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