Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Tesco market share rises as Asda sees dip May 24, 2011 TESCO’S market share rose for the first time since November last year, according to Kantar Worldpanel market share data. For the 12 weeks to 15 May Tesco’s market share rose to 30.7 per cent, from 30.6 per cent. The only other retailer in the top four to increase its share was fourth-placed Morrisons. Its share [...]
High street gloom twice as bad as expected… June 16, 2011 THE plight of the UK consumer returned to the fore yesterday as new official data showed retail sales slumped more than twice as much as anticipated in May. Retail spending dropped off sharply with the end of April’s sunny weather and public holidays, leaving sales down 1.4 per cent in May, or 1.6 per cent [...]
BEST OF THE BROKERS June 8, 2011 NESTLE Nomura rates the company “reduce” and has a target price of CHF49 (£35.83). The broker notes that the company is the best in class as it seeks to develop close relationships with farmers and superior options to many food manufacturers in terms of procurement. However, Nomura thinks Nestle needs to plan for the long-long [...]
BEST OF THE BROKERS June 8, 2011 NESTLE Nomura rates the company “reduce” and has a target price of CHF49 (£35.83). The broker notes that the company is the best in class as it seeks to develop close relationships with farmers and superior options to many food manufacturers in terms of procurement. However, Nomura thinks Nestle needs to plan for the long-long [...]
Sainsbury’s October 6, 2010 SAINSBURY’S was a little more low key about its sales rise and consumer sentiment than Tesco which posted sales figures earlier in the week. With Sir Terry Leahy signing off with his last set of results it is hardly surprising that Tesco has stolen some of Sainsbury’s thunder. However, Sainsbury’s chief executive Justin King echoed [...]
Sainsbury’s October 6, 2010 SAINSBURY’S was a little more low key about its sales rise and consumer sentiment than Tesco which posted sales figures earlier in the week. With Sir Terry Leahy signing off with his last set of results it is hardly surprising that Tesco has stolen some of Sainsbury’s thunder. However, Sainsbury’s chief executive Justin King echoed [...]
Sainsbury’s in profit rise as expansion pays off November 10, 2010 SAINSBURY’S chief executive Justin King yesterday said record numbers of shoppers were flocking to the supermarket chain which is massively expanding its floorspace – helping it to deliver an eight per cent rise in underlying profit. The £332m profit for the six months to 2 October was also attributed to a rise in sales in [...]
Investors ignore growth abroad to focus on UK woes June 14, 2011 MAYBE Tesco should move its primary listing to Hong Kong. Then investors might pay more attention to Asia, where sales grew by 11.4 per cent at constant exchange rates in the first quarter. The region accounted for around 17 per cent of sales and trading profit last year, a figure that will only grow. Or [...]