FTSE bounces four per cent as hope for euro plan grows September 27, 2011 BRITAIN’S top share index gained strongly yesterday, posting its biggest one-day percentage gain for 16 months, boosted by a rally from commodity stocks and advances by banks on increased hopes that European leaders will take decisive action to alleviate the region’s debt crisis encouraged investors. Banking stocks, among the most sensitive to the twists in [...]
Morrison sells off his stake in grocery chain March 1, 2011 SIR Ken Morrison, former chairman of Wm Morrison Supermarkets, has sold off his 6.07 per cent share in the grocers to less than one per cent over the last 18 months, the company has revealed. Wm Morrison said that it was notified yesterday of its former chief’s dealings, which have seen him sell over 130m [...]
Here is the Next step for Marks & Spencer to take November 8, 2011 TWENTY years ago, the UK was in recession and Marks & Spencer had just changed its boss: some things never change. Under Rick Greenbury, M&S went on to have a good 1990s, before over-expansion led to the inevitable and painful correction, under a new management team. Twenty years on, the competition is much tougher and [...]
WM Morrison in £32m deal to prepare ground for web war March 10, 2011 WM MORRISON yesterday announced a £32m deal to purchase a ten per cent stake in New York-based online grocer FreshDirect, as it prepares the ground to take on rivals on the web. Under the terms of the deal, Morrisons chief executive Dalton Philips will take a seat on the board, and top Morrisons executives will [...]
Morrisons plans Davies range February 6, 2011 Morrisons plans to launch a fashion range in partnership with designer George Davies, founder of Next. Advanced talks between Morrisons and Davies are expected to conclude this month, clearing the way for a range to be launched as early as the autumn. Davies created rival retailer Asda’s successful George clothing range.
Oil and gas companies lead a volatile FTSE to further gains September 8, 2011 BRITAIN’S leading shares ended higher after a volatile session yesterday, as investors emerged for beaten-down growth stocks to put a floor under the market. By the close the FTSE 100 was up 0.4 per cent at 5,340.38 points, taking a rally into a third straight day after an intraday trading range of 100 points, or [...]
Supermarkets kick off price war over petrol August 14, 2011 TESCO today reduced its fuel prices by up to two pence per litre (ppl). The price cut covers both unleaded and diesel and is in addition to the price cut of up to 1ppl announced earlier in the week. Yesterday Morrisons took two pence off the price of a litre of unleaded and diesel. The [...]
Supermarkets kick off price war over petrol August 14, 2011 TESCO today reduced its fuel prices by up to two pence per litre (ppl). The price cut covers both unleaded and diesel and is in addition to the price cut of up to 1ppl announced earlier in the week. Yesterday Morrisons took two pence off the price of a litre of unleaded and diesel. The [...]
Weaker mining and energy prices drag the FTSE down October 31, 2011 BRITAIN’S top share index fellback yesterday, led by weaker miners and energy issues, as commodity prices retreated under the influence of a firmer dollar and worries over demand from China, with banks also under pressure after recent gains. Miners and integrated oil stocks took over 30 points off the UK blue chip index, as they [...]
FTSE falls below 5,000 as banks tumble October 4, 2011 The FTSE 100 plunged below 5,000 this morning as the banking sector took a hammering sparked by the economic chaos which continues to engulf Greece. While the Government unveiled initiatives to spark economic growth including ‘credit easing’ for small businesses, the state of the Eurozone’s finances continued to cast a shadow. European shares extended losses [...]