BEST OF THE BROKERS July 19, 2011 TESCO JP Morgan Cazenove rates Tesco “overweight” with a 577p target price as it believes its growth story is defensive, multi-pronged, highly visible and sustainable. The broker sees its share price as depressed, and believes Tesco’s diversification and low reliance on UK consumers as increasingly important as the UK economic climate worsens, giving it a [...]
Micro Focus shares drop after it ends takeover talks with Bain and Advent August 22, 2011 SHARES in IT firm Micro Focus International slumped more than six per cent yesterday after it ended four months of takeover talks. The firm, which supports mainframe computer applications for companies like Tesco, saw its stock close down 15.82p at 247.18p. The deadline for takeover offers passed on Friday and Micro Focus said bids had [...]
Micro Focus shares drop after it ends takeover talks with Bain and Advent August 22, 2011 SHARES in IT firm Micro Focus International slumped more than six per cent yesterday after it ended four months of takeover talks. The firm, which supports mainframe computer applications for companies like Tesco, saw its stock close down 15.82p at 247.18p. The deadline for takeover offers passed on Friday and Micro Focus said bids had [...]
Ten of the top givers in the City December 21, 2011 AS we now know from the tremendous response to this newspaper’s first ever Christmas charity appeal, the City is full of givers. Despite the tougher times many of our readers have experienced, as a group this year they dug in to support a charity that helps people help themselves. This page is a tribute to [...]
Global markets dragged down by Eurozone crisis September 26, 2011 Gains by banks were outweighed by heavy losses among miners in early trading today as Eurozone bailout fears and bleak forecasts on world economic growth cast a shadow over markets. After last week’s rollercoaster ride, volatility looked set to continue as Eurozone leaders conceded that they would have to pump in trillions to have an [...]
FTSE rises as miners gain and euro hope pushes bank stock October 12, 2011 STRONG miners and banks boosted Britain’s top shares yesterday, keeping the index on an upward tilt, underpinned by progress in tackling the Eurozone sovereign debt crisis and recent upbeat US data. The mood, already elevated by hopes European leaders will unveil new measures to solve the crisis by the month’s end, was further lifted when [...]
Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
Ageas UK on a high as profit rises four-fold August 24, 2011 BARRY Smith, chief executive of insurer Ageas UK, celebrated a turnaround in the business yesterday after its profit rose more than four times to £35.4m in the first half. Shares in Ageas SA, which provides Tesco’s insurance, leapt almost 20 per cent yesterday after the UK branch said it had made record first-half income of [...]
Aldi and Lidl grow their market share July 19, 2011 DISCOUNT supermarkets have grown their market shares as cash-strapped customers seek out bargains. Aldi and Lidl saw strong market share growth in the 12 weeks to 10 July, according to figures from the Kantar Worldpanel. Aldi achieved a 20.2 per cent rise in UK market share to 3.5 per cent. Lidl’s share rose 15.6 per [...]