Editor's Picks
Ocado to be "main beneficiary" of UK online grocery growth, says Killik
Monday 02 Jun 2014
Ocado's stock,
Rio Tinto completes $1bn Clermont sale to Glencore
Sunday 01 Jun 2014
Mining giant Rio Tinto has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge.
Sunday newspaper round-up: Lloyds Banking, Tesco, AstraZeneca
Sunday 01 Jun 2014
Lloyds Banking Group has given TSB a £450m “dowry” as part of its £15bn initial public offering, the Sunday Telegraph reported. The small print of the TSB offer document reveals that Lloyds will pay up to £450m of integration costs if TSB changes its technology platform or is taken over. The unusual commitment by Lloyds is an extra positive for potential investors in TSB and could add to its
INTERVIEW: First Property warns on UK house prices as FY profits rise
Friday 30 May 2014
The Chief Executive of First Property warned that Britain's house price boom could end in tears as the real estate fund manager hailed a market upturn in the UK and Poland for higher annual profits.
Tesco and Morrison sales continue to fall, Kantar reveals
Friday 30 May 2014
Tesco and Morrison sales declined over the past 12 weeks while Sainsbury and Asda achieved growth, Kantar Worldpanel revealed on Tuesday.
FTSE 250 movers: JD Sports recovers after CEO exit
Friday 30 May 2014
JD Sports Fashion recovered somewhat from last week's losses which came after it announced the exit of Chief Executive Officer Barry Bown.
Week ahead: Investors worldwide looking for reassurances
Friday 30 May 2014
Investors are looking for reassurances on global growth prospects and a raft of economic data and events next week may provide them, or not.
British Land JV sells retail park in Leamington for £72m
Friday 30 May 2014
A joint venture between British Land's part-owned Hercules Unit Trust (HUT) and The Crown Estate has sold the Leamington Shopping Park to Ignis UK Property Fund for £72m.
US pre-open: Dip in consumer spending weighs on stock futures
Friday 30 May 2014
US equities were expected to open in the red on Friday after another record for the S&P 500 the previous session, with investors reacting to the first fall in consumer spending this year.
Official Chinese manufacturing PMI ticks higher in May
Friday 30 May 2014
China’s 'official' manufacturing sector purchasing managers’ index (PMI) rose to the 50.8 mark in May, up from 50.4 in the month before, to reach a five-month high, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing.
London midday: Miners pull UK markets lower, but Smith & Nephew rises
Friday 30 May 2014
Weakness in the mining sector dragged the UK stock market from a two-week high on Friday, despite M&A speculation boosting the share prices of Smith & Nephew and Salamander Energy.
UK consumer confidence out of the red for first time in nine years
Friday 30 May 2014
The GfK barometer of consumer confidence in the UK for the month of May improved to a reading of 0 in comparison with -3 in the month before.
Howden Joinery rejigs management roles after group review
Friday 30 May 2014
Howden Joinery Group, the parent company of the UK kitchen supplier Howdens, has made a number of changes to management roles as part of a organisational review.
Moody's cuts outlook on 82 European banks to negative
Friday 30 May 2014
Moody's Investor Service changed the outlook to negative on no less than 82 long-term European bank ratings in an exhaustive report on the sector published on Friday.
Unite to redevelop site for student housing in Portsmouth
Friday 30 May 2014
Unite, which builds and manages student accommodation in the UK, is to buy and redevelop a site in Portsmouth to create 830 new beds for those studying in the city.
Unite to redevelop site for student housing in Portsmouth
Friday 30 May 2014
Unite, which builds and manages student accommodation in the UK, is to buy and redevelop a site in Portsmouth to create 830 new beds for those studying in the city.
Sector movers: UK grocers drop as analysts predict weak Q1 from Tesco
Friday 30 May 2014
Nervousness ahead of Tesco's first-quarter results prompted some profit taking among supermarket stocks on Monday, which were among the worst performers in afternoon trade.
Europe close: Stocks little changed after slate of economic data
Friday 30 May 2014
European stocks were little changed following a batch of data in the euro-area, the UK and the US.
Fenner issues profit warning as US coal industry weakens
Friday 30 May 2014
Polymer products maker Fenner has warned that underlying group profit before tax could be reduced by as much as 10-15% below current consensus market expectations of £77.6m.
UBS ups target for Smith & Nephew, adds stock to M&A Watch List
Friday 30 May 2014
Smith & Nephew (S&N) is a "minor player in a consolidating market", according to UBS,which said the medical device maker needs to build its scale quickly or risk being taken over.
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