CITY VIEWS: DO YOU SHOP IN HMV AND WOULD YOU MISS IT IF IT FOLDED? January 19, 2011 CRAIG MEDFORD | MH CARBON “It’s just been wiped out. I don’t think there’s a way for it to undercut. There are so many other competitors like Tesco’s and Sainsbury. It’s lost its market really.” DANIEL FARIKULLAH | NOMURA “Naturally, it has to go, with technology taking control. People are quite lazy and it’s easier [...]
CITY VIEWS: DO YOU SHOP IN HMV AND WOULD YOU MISS IT IF IT FOLDED? January 19, 2011 CRAIG MEDFORD | MH CARBON “It’s just been wiped out. I don’t think there’s a way for it to undercut. There are so many other competitors like Tesco’s and Sainsbury. It’s lost its market really.” DANIEL FARIKULLAH | NOMURA “Naturally, it has to go, with technology taking control. People are quite lazy and it’s easier [...]
Snow losers for traders looking for volatility January 16, 2011 THE Christmas trading results branded companies as either winners or “snow losers” last week. Tesco shocked the market by offering figures that analysts felt paled in comparison to Sainsbury’s. Thanks to 12,000 tonnes of grit, the supermarket deserved to take the title of winner of the festive race. Toy, clothing and leisure retailers also offered [...]
Tesco shares drop on poor Xmas figures January 13, 2011 TESCO shares took a hit yesterday as it announced disappointing Christmas sales figures. Like-for-like sales in the UK missed forecasts, rising just 0.6 per cent in the six weeks to 8 January. The company blamed the poor weather on the performance with its larger stores worst hit. Tesco shares were one of the poorest performers [...]
Tesco shares drop on poor Xmas figures January 13, 2011 TESCO shares took a hit yesterday as it announced disappointing Christmas sales figures. Like-for-like sales in the UK missed forecasts, rising just 0.6 per cent in the six weeks to 8 January. The company blamed the poor weather on the performance with its larger stores worst hit. Tesco shares were one of the poorest performers [...]
Analyst views: Will Tesco bounce back from poor Christmas sales? January 13, 2011 PHILIP DORGAN | ALTIUM SECURITIES If we were to be critical, then we would say it has fallen short of how the market would have expected it to have performed from the time of its third-quarter announcement, whereas Sainsbury’s has actually done better. CLIVE BLACK | SHORE CAPITAL The good ship Tesco UK is certainly [...]
Analyst views: Will Tesco bounce back from poor Christmas sales? January 13, 2011 PHILIP DORGAN | ALTIUM SECURITIES If we were to be critical, then we would say it has fallen short of how the market would have expected it to have performed from the time of its third-quarter announcement, whereas Sainsbury’s has actually done better. CLIVE BLACK | SHORE CAPITAL The good ship Tesco UK is certainly [...]
Tesco sales hit by snow chaos January 13, 2011 Tesco posted a 6.2 per cent rise in Christmas sales as strong growth in its overseas markets helped offset a weaker than expected performance in its main British market. The supermarket group, which accounts for about one in every seven pounds spent at British retailers, said on sales at UK stores open over a year [...]
London hits 31-month closing high as Portuguese fears fade January 12, 2011 BRITAIN’S top share index hit a 31-month closing high yesterday, boosted by banks after a successful bond sale in Portugal eased investor concerns over Europe’s sovereign debt crisis, and as miners tracked metals prices higher. The FTSE 100 ended up 36.69 points, or 0.6 per cent, at 6,050.72, its highest close since early June 2008, [...]
Sainsbury’s sees record festive sales January 12, 2011 J SAINSBURY reported its best ever Christmas sales as customers splashed out on more expensive ranges over the festive period. The supermarket group, which this month overtook Asda as the second largest supermarket in the four week run-up to Christmas, said in a trading statement yesterday that like-for like sales for the 14 weeks to [...]