London Report: Supermarket fears lead FTSE to a fifth consecutive drop March 13, 2014 BRITISH shares fell for a fifth straight session yesterday, dragged down by supermarket stocks after WM Morrison cut its profit outlook, as well as by escalating tensions between Russia and the West over Ukraine. Morrison’s was the worst performer on the FTSE 100 index, plunging 11.9 per cent, and its revised outlook triggered a sell-off [...]
Best of the Brokers for 17 March 2014 March 17, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MORRISONS Cantor Fitzgerald keeps its “buy” rating and puts its target under review after the supermarket’s profit warning last week. The broker thinks the shares will be supported by the prospect of a takeover by the likes of Amazon or a grocery rival [...]
Mark Johnston’s Oriental to outfox them in Northumberland Plate June 26, 2014 ONE OF the great staying races of the calendar, the Northumberland Plate at Newcastle (3.50pm), is the feature tomorrow. I’m keen on the chances of ORIENTAL FOX to go one better than his short-head second last year and scoop the £86,226 prize for Mark Johnston and Joe Fanning. He has to carry top-weight but, in [...]
Analyst Views: What was your reaction to Morrisons’ half year update? September 12, 2013 KEITH BOWMAN | HARGREAVES LANSDOWN “Morrisons has moved to reposition its strategy in line with its major rivals. With the rollout of convenience stores ongoing and its push online now supported by Ocado, management now appear to view its armoury as complete, with group capital expenditure to be reduced. JONATHAN PRITCHARD | ORIEL SECURITIES “Morrisons’ [...]
How comics reflect a very British psyche May 12, 2014 ARTS COMICS UNMASKED British Library | By Steve Dinneen Four Stars FOR AN art form that is seen as quintessentially American, we Brits have a disproportionately large influence on the world of comics. It wasn’t always so: for decades our publications evolved as largely insular, unmistakeably British alternatives to the musclebound US titles. But in [...]
In Pictures: Stars hit the orange carpet at Veuve Clicquot Award May 13, 2014 Claridge's scrapped the red carpet for an orange one last night, as stars piled in for the Veuve Clicquot Businesswoman Award. There was certainly no shortage of the bubbly stuff as both Thomas Cook's Harriet Green and Jenny Dawson of Rubies in the Rubble picked up gongs and while past winners and runners-up mingled. There [...]
Bottom Line: Everyone loves a sale – and Asos shares are in middle of a big one June 5, 2014 ALMOST every other day, Asos customers are sent promo emails alerting them to the latest offer on the retailer’s vast fashion website: 25 per cent off dresses; save on festival fashion; free delivery on men’s hats. Yesterday, the tables were turned. Investors hit the sell button on Asos shares, sending them into freefall to end [...]
Big four grocers all lose ground to discounters April 9, 2014 BRITAIN’S four biggest supermarket groups all lost market share over the last three months to German discounters Aldi and Lidl, with Sainsbury’s suffering the biggest drop in market share in ten years. Sainsbury’s has until this month been the only one of the big four to resist the pressure of the discounters and hold onto [...]
Big four grocers all lose ground to discounters April 8, 2014 BRITAIN’S four biggest supermarket groups all lost market share over the last three months to German discounters Aldi and Lidl, with Sainsbury’s suffering the biggest drop in market share in ten years. Sainsbury’s has until this month been the only one of the big four to resist the pressure of the discounters and hold onto [...]
Philip Green to take on big four with BHS food March 24, 2014 SIR PHILIP Green is taking on the supermarkets this week, as BHS launches its first food outlet. Arcadia, the group owned by the retail tycoon, confirmed over the weekend that BHS will be opening its first trial food space in its Staines store on Thursday, with Warrington to follow the next week. A spokesperson told [...]