Tesco and Morrison sales continue to fall, Kantar reveals
3rd Jun 2014 14:11
Tesco and Morrison sales declined over the past 12 weeks while Sainsbury and Asda achieved growth, Kantar Worldpanel revealed on Tuesday. Overall growth in the grocery market slowed to 1.7%, the lowest level in 11 years. Tesco's sales fell 3.1% year-on-year, giving it a market share of 29%, down f
Read moreTuesday newspaper round-up: Merkel, Google, Flotation
3rd Jun 2014 06:41
David Cameron was told to tear up his economic policy by Brussels yesterday, hours after being warned by Angela Merkel that Britain faced being ignored over who should become President of the European Commission. The Prime Minister faced a double reminder of the difficulties in store on the eve of a
Read moreLondon close: Chinese data ensures positive finish, despite ISM miss
2nd Jun 2014 16:59
- FTSE closes up 19.59 points at 6,864.10 - Chinese manufacturing sector improves - US ISM manufacturing gauge misses forecasts - German CPI surprise on the downside techMARK 2,822.41 +0.36% FTSE 100 6,864.10 +0.29% FTSE 250 16,084.40 +0.46% Lifted by positive manufacturing data from China, the FT
Read moreFTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
2nd Jun 2014 15:05
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the
Read moreSector movers: UK grocers drop as analysts predict weak Q1 from Tesco
2nd Jun 2014 13:55
Nervousness ahead of Tesco's first-quarter results prompted some profit taking among supermarket stocks on Monday, which were among the worst performers in afternoon trade. The negative trend of UK like-for-like (LFL) sales at Tesco is likely to have worsened in its first quarter, analysts at Oriel
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreTesco's Q1 could see sales trends deteriorate further, says Oriel
2nd Jun 2014 09:05
The negative trend of UK like-for-like (LFL) sales at supermarket giant Tesco is likely to have worsened in its first quarter, analysts at Oriel Securities said on Monday. They kept a 'hold' rating on the stock with a target price of 300p. "Those looking for Tesco's first quarter to offer a sign o
Read moreSunday newspaper round-up: Lloyds Banking, Tesco, AstraZeneca
1st Jun 2014 14:03
Lloyds Banking Group has given TSB a £450m "dowry" as part of its £15bn initial public offering, the Sunday Telegraph reported. The small print of the TSB offer document reveals that Lloyds will pay up to £450m of integration costs if TSB changes its technology platform or is taken over. The unusual
Read moreLondon midday: Smith & Nephew leads UK markets higher
29th May 2014 11:45
- FTSE 100 nears two-week high, S&P 500 to retest records - US GDP revisions due out this afternoon - Smith & Nephew extends gains amid M&A speculation - Kingfisher disappoints with Q1 results techMARK 2,815.99 +0.58% FTSE 100 6,872.56 +0.31% FTSE 250 16,017.89 +0.52% UK stocks were heading toward
Read moreLondon open: Stocks inch towards two-week high ahead of US data
29th May 2014 08:51
- Smith & Nephew up as M&A speculation continues - Kingfisher disappoints with Q1 results - FTSE 100 on track to hit two-week high - Chinese stimulus, US GDP in focus - Rates to rise "sooner rather than later", says MPC's Weale techMARK 2,803.00 +0.11% FTSE 100 6,866.03 +0.22% FTSE 250 15,947.93 +0
Read moreTesco increases foothold in Chinese food market
29th May 2014 07:08
Supermarket giant Tesco has signed a joint venture (JV) with state run China Resources Enterprise to create the biggest food retailer in China. The deal will combine Tesco's 131 Chinese outlets with CRE's almost 3,000 Vanguard stores, most of which are hypermarkets trading in nine provinces in Chin
Read moreFTSE 100 movers: IHG leads markets higher on bid rumours
27th May 2014 14:05
InterContinental Hotels Group shares surged on Tuesday after Sky News reported that the the company rejected a 6bn-pound takeover bid on the grounds that it was too low. While the identity of the bidder has not been confirmed, analysts have suggested that the proposal could have come from Starwood H
Read moreLondon midday: IHG, Lloyds lead markets high post European elections
27th May 2014 11:36
- FTSE 100 catches up after long weekend - Euroscepticism tempered by elections results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,788.40 +1.10% FTSE 100 6,849.22 +0.49% FTSE 250 15,836.22 +0.83% UK stocks po
Read moreTesco ends tie-up talks in Turkey
27th May 2014 09:56
Retailing giant Tesco has called an end to talks regarding a potential partnership for its struggling hypermarket chain in Turkey. "Tesco has confirmed today that it has ended talks with various parties in respect of potential options for its business in Turkey," the group said on Tuesday. The com
Read moreTesco removes confectionery from checkouts
22nd May 2014 10:17
Tesco has decided to stop selling chocolates and sweets at the checkouts of its smaller stores in the UK after a survey customers voted in favour of the move. The survey found 65% of shoppers wanted confectionery removed from checkouts to help them make healthier choices. The supermarket removed s
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