Summer sales data to reveal retail outlook September 6, 2009 RETAILERS are set to provide fresh evidence of consumer confidence this week in a series of market updates. In a bid to revive the ailing retail sector the West End is launching High Street Fashion Week today in an effort to attract a predicted 2.4m shoppers to Oxford Street. ABF Foods, Primark’s owner, will today [...]
Keane fumes at Ipswich defeat August 9, 2009 FOOTBALL: Ipswich boss Roy Keane blasted his team’s defending after they lost their Championship opener at Coventry. City striker Clinton Morrison scored twice in a 2-1 win, with his decisive second a stooped header. Keane said: “If you’re a defender and he heads it that low you take his head off, it’s as simple as [...]
Keane fumes at Ipswich defeat August 9, 2009 FOOTBALL: Ipswich boss Roy Keane blasted his team’s defending after they lost their Championship opener at Coventry. City striker Clinton Morrison scored twice in a 2-1 win, with his decisive second a stooped header. Keane said: “If you’re a defender and he heads it that low you take his head off, it’s as simple as [...]
WILL TESCO’S CLUBCARD STOP IT FROM LOSING MARKET SHARE? August 18, 2009 KEITH BOWMAN HARGREAVES LANSDOWNI’m sure it’s being done as a way to fight back against the competition. There are groups of shoppers who chase the cheapest deal, so this may encourage more customer loyalty. NICK BUBB PALI INTERNATIONALIt’s Tesco’s trump card. Whether it will attract away from the competition is another matter. WM Morrison doesn’t [...]
Spike in share sales triggers market fears September 10, 2009 A FLOOD of share sales in the US coupled with the busiest week for initial public offerings (IPOs) in almost two years could mean that the recent market rally is nearing the end. September is on pace to be the busiest month for secondary issuance since May, which some portfolio managers see as a sign [...]
Insurers fail to lift the FTSE as investors await US results October 7, 2009 BRITAIN’S leading shares closed lower yesterday as falls in oil majors and food retailers offset gains in insurers as investors waited for the start of the earnings seasons in the US to give a fresh direction. The FTSE 100 closed down 29.08 points, or 0.6 per cent, at 5,108.90, after ending 2.3 per cent higher [...]
SILVER SHINE MATCHES GOLD’S GLEAM September 14, 2009 DAVID MORRISONCFD MARKET STRATEGIST, GFTPLENTY has been written about gold’s recent advance and its break above the $1,000 mark. And if you are bullish on the yellow metal you may also want to look at silver. Until the late 1800s, the gold-silver price ratio was fairly constant at around 15 to 1 due to their [...]
PENSIONS CRISIS AS DEFICITS SOAR August 4, 2009 FTSE 100 companies are running a combined pension deficit of £96bn, the largest ever recorded, a leading firm of consulting actuaries will reveal today. The collapse in stock markets means that the shortfall is more than twice the £41bn recorded a year ago, Lane Clark & Peacock’s (LCP) will say. The financial crisis has also [...]
New evidence in dairy probe July 23, 2009 The Office of Fair Trading said yesterday that it had provided more evidence to supermarkets and dairy companies as part of a probe into price-fixing of dairy products seven years ago. The watchdog said only Tesco and Wm Morrison were continuing to contest the provisional findings, issued in September 2007.
BEST OF THE BROKERS July 7, 2009 MICROGENInvestec Securities reiterate their “buy” recommendation for IT group Microgen, which has issued an upbeat trading statement for the first half of the year. Investec believe that Microgen’s Aptitude branch looks particularly strong, having signed major contracts with blue-chip customers. Full-year earnings are ahead of expectations. WM MORRISONBank of America Merrill Lynch feels that Wm [...]