Downgrade cycle could still continue at Tesco, says Shore Capital
16th Apr 2014 09:41
Tesco's annual results may have received a warm reaction from the markets on Wednesday, but analysts at Shore Capital said the figures make for 'very disappointing reading' as they reiterated a 'sell' rating on the supermarket giant. Tesco's profits fell for the first time in 20 years in the year t
Read moreLondon open: Stocks bounce off three-week low as Tesco gains
16th Apr 2014 08:42
- Tesco, Hargreaves, Burberry and Persimmon rise after updates - Momentum shares bounce back after recent falls - Chinese data mixed, growth slows - Global economic data in focus today techMARK 2,648.70 +0.68% FTSE 100 6,577.56 +0.55% FTSE 250 15,701.67 +0.71% UK stocks rose strongly on Wednesday
Read moreTesco profits fall for first time in 20 years - UPDATE
16th Apr 2014 07:09
- Sales flat, trading profit down 6.7 per cent - Earnings down 7.3 per cent - Final dividend maintained at 10.13p Tesco profits fell for the first time in 20 years, though not as bad as analysts predicted, with UK, Asian and European businesses all feeling the pinch. A 6.7% fall in group trading p
Read moreWednesday preview: Tesco expected to report profit fall
15th Apr 2014 13:22
Tesco is expected to report its second year of falling profits as the UK supermarket chain's sales and market share weaken. Chief Executive Philip Clarke has come under mounting pressure to turn the business around and this week faced criticism from former directors who said he was "not good enough
Read moreTuesday broker round-up UPDATE
15th Apr 2014 08:08
APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy. Aureus Mining: FinnCap places its target price (prev.: 175p) under review and keeps its buy recommendation . Al Noor Hospitals: Jefferies increases target price from 1065p to 1155p and maintains a buy recom
Read moreLondon close: Stocks rise despite tensions in Ukraine
14th Apr 2014 16:59
- FTSE closes up 22.06 at 6,583.76 - Tensions in Eastern Europe provide drag - BP a notable faller - US retail sales beat expectations techMARK 2,642.52 -1.03% FTSE 100 6,583.76 +0.34% FTSE 250 15,702.42 -1.23% UK stocks managed to finish in positive territory despite growing tensions in Eastern
Read moreTesco brings F&F clothing business to US
14th Apr 2014 15:57
Tesco is bringing its F&F clothing business to the US, just seven months after selling its loss-making US supermarket division Fresh & Easy. The UK retailer announced it would open seven stores on the east coast this year with US franchise partner Retail Group of America. The group will start in B
Read moreFTSE 100 movers: Supermarkets, miners lead, airlines fly lower
14th Apr 2014 15:09
Sainsbury was a strong riser as it recovered from last week's news that it had lost some of its market share to the likes of discount stores Lidl and Aldi. Sector peer Tesco was also making decent gains after it was reported the company is planning to launch its F&F range in the US. Other stocks
Read moreSector movers: Consumer staples rise as investors seek defensive stocks
14th Apr 2014 13:56
Consumer staples and non-cyclical stocks were benefiting from a reduction in risk appetite in London on Monday, as investors sought out more defensive assets. Tobacco and beverage stocks, supermarket chains and food producers were among the best performers of the day. Defensives are stocks that te
Read moreBroker tips: Glencore Xstrata, Tesco, ARM Holdings...
14th Apr 2014 12:11
Investec has kept a 'reduce' rating on Glencore Xstrata but said that the 5.85bn-dollar sale price of its Las Bambas copper project in Peru was ahead of its 5.5bn-dollar forecast. "Until the transaction is finalised, we would expect Glencore Xstrata to be cautious on advancing new significant trans
Read moreShore Capital expects sharp profit decline at Tesco this week
14th Apr 2014 11:14
'Sell' shares of Tesco ahead of the supermarket giant's annual results on Wednesday, according to Shore Capital, which expects a sharp fall in profits. The broker expects Tesco to report a 19% decline in earnings in the year ended February 2014 and estimates an unchanged full-year dividend payout o
Read moreSunday newspaper round-up: Lloyds Banking, Rio Tinto, Tesco
13th Apr 2014 16:14
Lloyds Banking Group is planning to begin the sale of its TSB division in mid-May despite recent market ructions, the Sunday Telegraph said. The initial public offering would see TSB listed on the stock exchange by the end of May. Some investors are questioning the value of 1.5bn to 2bn pounds place
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
Read moreLondon open: Tech stocks drag UK markets lower after Nasdaq sell-off
11th Apr 2014 08:35
- US, Asian weakness flows into UK stocks - Tech stocks hit hard in early trading - Supermarkets edge higher early on techMARK 2,679.00 -1.49% FTSE 100 6,594.42 -0.72% FTSE 250 15,946.60 -1.25% There were just a handful of risers on the FTSE 100 on Friday morning as stocks dropped sharply, trackin
Read moreTesco's CEO doing serious harm to business, former directors say
11th Apr 2014 08:02
Former Tesco directors fear Chief Executive Philip Clarke may be driving the business in the 'wrong direction', according to The Times on Friday. The directors are said to be "dismayed and angry" at the cull of senior talent at the retailer, including outgoing Finance Director Laurie McIlwee, and t
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