THE TIPSTER June 14, 2009 AGGRESSIVE DISCOUNTING TO LIFT TESCOTHERE were rumours flying around the markets last week of a profit warning by Carrefour – the world’s second largest supermarket – but this side of the Channel, things in the grocery market are looking a lot rosier. Morrisons has been doing well, as has Sainsbury’s. But size does seem to [...]
BEST OF THE BROKERS June 11, 2009 TOMKINSGoldman Sachs upgraded Tomkins from “neutral” to “buy”, with a revised 12-month price target of 215p. The broker estimates the engineering company will generate a mid-cycle earnings margin of eight per cent and expects it to say in its July interim management statement that its consumer-end markets have stabilised, and its mid-year trading implies that [...]
CITY TRADER OFFERS GAMBLERS A FLUTTER ON A LOTTERY OF HIS LIFE June 10, 2009 REMEMBER the man who, last year, decided to mend his broken heart after a divorce by selling his entire life on eBay, house, car, job and all? Well, one enterprising City boy has decided to go one better – he’s started a competition for entrants to “win a new life”, and stands to make millions [...]
J Sainsbury gives King a royal payout June 10, 2009 SUPERMARKET giant J Sainsbury handed out £5m in pay and share bonuses last year to chief executive Justin King after he hit performance targets, it was revealed yesterday. After receiving a basic salary of £872,000 for the 52 weeks ended 21 March 2009, King then received a further £1.17m in bonuses, pension supplements and benefits. [...]
FTSE 100 remains steady despite the political rout and a bit of profit taking June 8, 2009 THE FTSE 100 shed 1 per cent, or 33.34 points, to close at 4,405.22 yesterday, weighed down by weak energy and mining stocks, while banks fell as recent bullish sentiment soured. “Caution is creeping back into financial markets after what was largely a positive week for equities,” said David Evans, market analyst at BetOnMarkets.com. “There [...]
BEST OF THE BROKERS June 4, 2009 J SAINSBURYIt’s the end of the beginning for J Sainsbury, not the beginning of the end, said analysts at Morgan Stanley as they upgraded the stock from “equal-weight” to “over-weight”. The broker expects the retailer to deliver premium like-for-like growth for at least 12 months, and has set a price target of 375p, which is [...]
BEST OF THE BROKERS June 4, 2009 J SAINSBURYIt’s the end of the beginning for J Sainsbury, not the beginning of the end, said analysts at Morgan Stanley as they upgraded the stock from “equal-weight” to “over-weight”. The broker expects the retailer to deliver premium like-for-like growth for at least 12 months, and has set a price target of 375p, which is [...]
Large cap index flat as lack of direction stalls progress June 4, 2009 Gains in energy stocks, pharmaceuticals and banks outweighed losses in miners yesterday, leaving the FTSE 100 0.1 per cent, or 3.52 points, higher at 4,386.94. “The market’s evenly balanced. It’s discounting good news so although it may go higher over the next few weeks, it is slightly overvalued,” said Graham Secker, equity strategist at Morgan [...]
Oil stocks push FTSE 100 lower for second day in row June 3, 2009 THE large cap index lost 2.1 per cent yesterday, dented by weakness in commodity stocks, banks and index heavyweight Vodafone, which traded ex-dividend. At the close, the FTSE 100 was down 93.60 points at 4,383.42, albeit above the session low of 4,359.33. Oil producers were the standout losers, retreating after recent gains in line with [...]
Oil stocks push FTSE 100 lower for second day in row June 3, 2009 THE large cap index lost 2.1 per cent yesterday, dented by weakness in commodity stocks, banks and index heavyweight Vodafone, which traded ex-dividend. At the close, the FTSE 100 was down 93.60 points at 4,383.42, albeit above the session low of 4,359.33. Oil producers were the standout losers, retreating after recent gains in line with [...]