Ocado hit by broker downgrade June 23, 2011 Shares in online shopping service Ocado tumbled by more than six per cent after JPMorgan Cazenove downgraded its rating for the shares and J Sainsbury hired the group’s head of retail Jon Rudoe to run its online operation. JPMorgan downgraded its rating on the online retailer to “neutral” from “outperform”. But the broker added: “We [...]
Ocado hit by broker downgrade June 23, 2011 Shares in online shopping service Ocado tumbled by more than six per cent after JPMorgan Cazenove downgraded its rating for the shares and J Sainsbury hired the group’s head of retail Jon Rudoe to run its online operation. JPMorgan downgraded its rating on the online retailer to “neutral” from “outperform”. But the broker added: “We [...]
Vacancy rate falls at Land Securities July 19, 2011 LAND Securities, the UK’s largest real estate investment trust by value, said vacancy rates fell in the past quarter as it confirmed it was stepping up its development activity as stronger retailers look to take new floor space. The firm said yesterday it had cut its vacancy rate to 3.9 per cent at the end [...]
Vacancy rate falls at Land Securities July 19, 2011 LAND Securities, the UK’s largest real estate investment trust by value, said vacancy rates fell in the past quarter as it confirmed it was stepping up its development activity as stronger retailers look to take new floor space. The firm said yesterday it had cut its vacancy rate to 3.9 per cent at the end [...]
BEST OF THE BROKERS June 16, 2011 BARCLAYS Deutsche Bank rates the bank “buy” with a target price of 386p. The broker notes that Barclays was keen to stress its flexibility in the face of regulatory shifts at a recent investor day, forecasting a 15 per cent return on equity for BarCap in 2013 even if revenues are subdued by rule changes. [...]
Asda loses market share as Lidl and Aldi shore up their position June 21, 2011 ASDA’S share of the UK grocery market fell from 16.7 per cent to 16.3 per cent in the 12 weeks to 13 June, according to figures from Kantar Worldpanel. The figures show that the Wal-Mart-owned chain is now only marginally ahead of Sainsbury’s, which held its share steady at 16.2 per cent. Discount stores Aldi [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]
Price war sees petrol tumble July 3, 2011 PETROL prices fell by over two pence per litre last week, according to data seen by City A.M. A combination of supermarket price wars and a sharp fall in the global price of oil saw the average price of unleaded drop from over 136p per litre to 133.82p. Diesel declined from almost 140p per litre [...]
THE WEEK AHEAD in association with GFT July 10, 2011 COMPANIES ● Today, Michael Page International delivers its second quarter trading update. The company was formed in 1976 by Michael Page and Bill McGregor. ● On Wednesday, Sainsbury holds its AGM. On the same day Marks & Spencer will report. It will be hoping for not just ordinary results, but… ● Also on Wednesday, J [...]