FTSE enjoys best run in four years July 21, 2009 THE FTSE 100 has had its best run in four years after companies around the world delivered better-than-expected results. The index of top-rated companies ended a seventh day of rises one per cent higher at 4481.17. It is the best winning streak since July 2005, with daily increases bringing the FTSE 100 up 8.7 per [...]
FTSE enjoys best run in four years July 21, 2009 THE FTSE 100 has had its best run in four years after companies around the world delivered better-than-expected results. The index of top-rated companies ended a seventh day of rises one per cent higher at 4481.17. It is the best winning streak since July 2005, with daily increases bringing the FTSE 100 up 8.7 per [...]
Supermarkets that reacted to slump are strongest July 21, 2009 THE usual assumption is that the stock market is a “leading indicator” for economic confidence. But as today’s cut of YouGov data shows, it doesn’t lead public sentiment, but is actually behind. The graph shows the BrandIndex scores for public perception of “value for money” (rolling monthly average) for Waitrose, J Sainsbury and M&S, alongside [...]
Savvy traders look to profit from surge in takeover deals July 20, 2009 FOLLOWING a dearth of mergers and acquisitions (M&A) activity during the depths of the financial crisis, upbeat figures released last Friday by Thomson Reuters showed that UK target M&A is up 39 per cent year-to-date compared to the same period last year. There has been a recent pick-up in global M&A activity with London dominating [...]
THE TIPSTER NEW SHARES PLACING LIFTS SAINSBURY’S July 19, 2009 PHARMACEUTICAL company GlaxoSmithKline will report its second quarter results on Wednesday and so far this year the stock has only risen 11 per cent since its March low of around £10, whereas the FTSE 100 has rallied some 24 per cent. Wednesday’s figures might give the drug maker the boost it so badly needs. Capital [...]
THE TIPSTER NEW SHARES PLACING LIFTS SAINSBURY’S July 19, 2009 PHARMACEUTICAL company GlaxoSmithKline will report its second quarter results on Wednesday and so far this year the stock has only risen 11 per cent since its March low of around £10, whereas the FTSE 100 has rallied some 24 per cent. Wednesday’s figures might give the drug maker the boost it so badly needs. Capital [...]
MARTHA LANE FOX REVEALS SHE COULD HAVE BEEN A PRISON GUARD July 15, 2009 GORDON Brown’s new digital inclusion tsar Martha Lane Fox has had a stellar career to date, but it’s reassuring to learn that she could happily turn her hand to something else should she tire of running Lucky Voice and charitable foundation Antigone. Because Lane Fox has revealed that, in another life, she would have been… [...]
Sainsbury’s chair faces two jobs row July 15, 2009 J SAINSBURY chairman Sir Philip Hampton yesterday faced questions over his £396,000 pay packet and whether he had enough time to be the chairman of both Sainsbury’s and Royal Bank of Scotland (RBS). One shareholder at the retail giant’s annual meeting called on Hampton to halve his pay as long as he did both jobs. [...]
SHAREHOLDER VIEWS: WHAT SHOULD SAINSBURY’S DO DIFFERENTLY? July 15, 2009 BERNIE FIELDING“I think they could do more to boost the share price. Despite all the updates and improved trading, it still hasn’t lifted the market value by much. Tesco and Morrisons have achieved that. I don’t understand why Sainsbury’s is lagging and I want answers.” DIANA DENNIS“I think under the current conditions Sainsbury’s have done [...]
THE TIPSTER NEW SHARES PLACING LIFTS SAINSBURY’S July 12, 2009 SUPERMARKET chain Sainsbury’s had been doing well in the first months of 2009 despite consumers tightening their belts, and its share price reached a high of 347.25p in the middle of May. But its share price then slipped to around 309p and the stock has been trading broadly sideways since then. However, the announcement of [...]