Purplebricks mystified by share price surge
The biggest share price rises and falls in London at 3.30pm
Company
Tesco PLC
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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Tesco pops Booker in the shopping trolley; signals return of divi
The agreed cash plus shares terms value Booker at around £3.7bn
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FTSE 100 shares firm after Tesco gains on Booker deal
FTSE 100 shares edged higher on Friday, helped by a jump by supermarket Tesco
Tesco reportedly facing fresh damages claim from a US investor over its 2014 accounting scandal
The Financial Times reported that US fund manager Manning & Napier alleges it suffered losses of US$212mln because of Tesco's accounting irregularities.
Cyber criminals targeted Lloyds Banking Group websites with 'denial of service' attack
According to media reports, Britain's largest mortgage lender was hit by a distributed denial of service (DDoS) attack on January 11, which carried on for two days.
FTSE 100 shares swing but close below 7200
FTSE 100 shares swung on Friday but ended down 10 points and below 7200 as the 45th President of the United States was being sworn in
OptiBiotix brings on board experienced sales director
Christina Wood will join the board in due course subject to the necessary due diligence
Goldman Sachs thinks Tesco is seriously overvalued
In a note following Thursday’s round-up of festive trading, Goldman repeated its sell and 150p a share price target.
Tesco fails to wow City with festive update with brokers suggesting the stock is fully valued
Traders appeared to give a shrug of shoulders and utter a collective ‘meh’ as the stock drifted 2.4% after a slightly-better-than-expected festive performance by the food retailer.
Tesco PLC shares weak reflecting some disappointment at Christmas sales mix
Tesco only saw its group like-for-like sales increase by 0.3% over the Christmas trading period, with 0.7% growth in the UK, but a 1.2% decline internationally.
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
Day ahead: Christmas retail merry-go-round continues with M&S, Primark-owner AB Foods, and Tesco
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
Upbeat Christmas trading news continues for UK supermarkets, but German-owned discounters still strong
The ‘Big Four’ supermarkets look to be slowly reviving after a tortuous few years, helped by the return of food price inflation, but growth of Lidl and Aldi continues.
Sainsbury's off highs as reality remains that only a contribution from Argos helped the retailer over Christmas
Britain's second biggest supermarket posted like-for-like sales growth of 0.1%, excluding fuel, while high street chain Argos saw its like-for-like sales increase by 4.0%.
FTSE 100 hits 10th successive record high close
FTSE 100 shares appear positively related to the Nasdaq as the London ticker again hits a fresh record high on Wednesday - its tenth successive
Industry data shows Tesco recorded fastest sales growth of ‘Big Four’ supermarkets in Christmas quarter
Research group Kantar Worldpanel said Tesco’s sales grew by 1.3% over the 12 weeks to January 1, outperforming Morrisons’ 1.2% growth, and falls by Sainsbury and Asda.
Morrisons jumps as it posts strongest underlying Christmas sales performance for seven years
Morrisons said sales at stores open over a year, excluding fuel, rose by 2.9% in the nine weeks to January 1, smashing analysts’ average forecast for growth of 1.1 %.
FTSE 100 marks longest record-breaking rally in history
The FTSE 100 index has closed at a record high for the ninth day in a row on Tuesday, the longest such stretch in history, as the bourse got a boost from a weaker home currency
Morrisons hit by BofA Merrill Lynch downgrade a day before it kicks off sector’s Christmas trading updates
In a review of the European food retail sector, the US bank’s analysts downgraded their rating for Morrisons to ‘underperform’ from ‘neutral’.
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
If it's January, it must be time for a supermarket price war
The grocery chains are all set to release trading statements covering the Christmas trading period, and Morrisons could be the surprise performer, Exane believes
FTSE 100: the good, the bad, and the ugh!
It was a fantastic year for the miners, less so for the airlines and the retailers.
Christmas coming early: Tesco enjoys third consecutive month of market share growth
Till-roll data analysis by research firm Kantar Worldpanel showed Tesco's sales rose 1.6% year-on-year in the 12 weeks to December 4, taking its UK market share up to 28.3%, up from 28.0% a year earlier.
Investments and investor services
FTSE 100 shares extend gains as Wall Street rallies
FTSE 100 shares extended gains in the second half of Tuesday to close comfortably up in tendem with record-breaking gains on Wall Street
Tesco's capital markets day spells 'bad news' for Sainsbury's and Morrisons
HSBC was impressed by a very detailed presentation and recovery plan
FTSE 100 shares brought down by gold miners as dollar gain hits commodities
FTSE 100 shares sank on Friday as gold miners were out of love in the midst of the rising dollar which hit yellow metal prices
Tesco set to outperform as hard discounters lose impetus
"Industry growth of +1.1% was higher than the +0.2% in Oct, but adjusted for comps, growth rate was flat," said Macquarie
Investments and investor services
UK stocks end higher but wary of US rate hike
UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
Tesco a bargain even at current prices, says leading analyst
The shares, up 36% in the last year, added a further 6.05p to settle at 204.5p.
William Hill betting big on international markets
The betting group expects full-year operating profits to come in at the top end of forecasts after strong growth outside of the UK
Investments and investor services
FTSE 100 rises, led by banks craving higher global rates
FTSE 100 shares ended Monday firmer, as bank stocks gained on the prospect of higher global interest rates
FTSE 100 shares close higher after Trump victory speech
FTSE 100 shares closed higher on Wednesday in a snap back from initial losses on news of Donald Trump's US presidential election victory
TRENDING: Crisps to cost a packet
Tesco Bank admits hacking attack was more widespread than initially indicated. Life's a gas for Chevron on seventies North Sea find
Investments and investor services
FTSE 100 stocks jump after FBI clears Clinton, miners top risers
FTSE 100 shares closed 1.7% higher on Monday as a sharp intraday gain came early in the session on news that US presidential candidate Hillary Clinton had been cleared by the FBI, and it remained on helium for the rest of the session. Minin
Sainsbury's less vulnerable to Asda, reckons Deutsche
The investment arm of Deutsche Bank restated its ‘buy’ target and 280p a share price target.
Morrisons defies those betting on its failure
Morrisons weighed in with better-than-expected underlying sales figures, which will come as a surprise to those speculators betting on the grocer's failure.
Morrison’s to put UK supermarkets under spotlight
Themes of interest are how the turnaround is going and what is the impact of the weaker pound
Supermarket sweep: The prices just don't add up
In a note to clients, the American bank said that while valuations are inflating, input cost pressures are also “escalating”.
Credit Suisse says Tesco’s core business is not yet on track
McGuire reckons cost saving will remain key to any upside for the share.
Trending - Mortgages, BHS, Tesco and more
Last week it was the Unilever spat, now it emerges three former Tesco executives are to stand trial accused of fraud.
Builders and building materials
FTSE 100 gains on coat tails of Burberry
FTSE 100 stocks closed higher on Wednesday after fashion house Burberry bounced back
Take that, Unilever! Tesco gains market share for first time in five years
Latest figures show that Tesco, fresh from its ruck with Unilever, is back on the march
Investments and investor services
FTSE 100 dragged lower by publisher Pearson
FTSE 100 shares were dragged lower by education publisher Pearson on Monday which plunged as much as 11% after it reported falling sales amid "challenging" trading
Unilever and Tesco resolve differences but who won?
Details of an agreement struck late yesterday have not been publicly revealed after what ironically a very open argument, but if the market is any gauge as to who fared better, then Tesco won.
Unilever rated 'sell' at Liberum as Marmite-gate settled
The group's results yesterday were sidelined by the Marmite-gate affair.
FTSE 100 shares close above 7,000 after Tesco’s victory march
FTSE 100 shares closed back above 7,000 level on Friday after Tesco’s (LON:TSCO) trolley was ahead throughout the session.
FTSE 100 shares dragged down by Brexit-inspired corporate spat
FTSE 100 shares end down after a Brexit-linked spat between two blue-chip stocks sends their stock lower on Thursday
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Goldman Sachs says sell Tesco; Morgan Stanley more bearish on Centrica
“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.
Is Tesco overvalued? City heavyweight says share needs to fall 20%
Tesco shares are trading at the higher end of an optimistic guidance, according to JP Morgan Cazenove.
Investments and investor services
FTSE 100 closes below 7,000 on Brexit and US jobs worries
IGas was on a charge after a milestone decision for the UK shale gas industry
Is the Tesco share price over-cooked? These City brokers seem to think so
“If Tesco's profit and loss [account] stopped at the operating line then we feel pretty convinced that we would be much more sanguine on the group's shares,” said Shore Capital’s veteran retail analyst Clive Black.
Tesco rallies as sales jump, but 'King of Charts' says it can go higher
Analysing the supermarket's chart technical analyst Zak Mir told traders to watch out for a "golden cross" buy signal.
Risers & Fallers: Nu-Oil and Gas, NetDimensions, Impact Holdings ...
Main share price risers and fallers in London at 3.15pm
FTSE 100 retreats as macro fears outweigh earnings news
The top-share index spurned another chance to hit an all-time high.
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Brokers: Barclays like media firms, just not ITV
ITV and Inmarsat were the only two media and telecoms firms downgraded by Barclays in its latest note on the industry
Should investors check out of titan Tesco?
According to one City heavyweight, the answer is a resounding yes.
Investments and investor services
FTSE 100 nears May 2015 highs after data and sterling fall
FTSE 100 shares had a good start to the fourth quarter, helped by good manufacturing data and hopes that the pound's sharp fall on Monday will help exporters
Week Ahead: Food price deflation a concern at Tesco
Retail titans dominate the corporate schedule this week
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Sainsbury's checked out by Jefferies, which cuts target
An early look at some City analyst views on Monday morning
Tesco, Sainsbury, Morrisons: Store Wars winners and losers
The broker Credit Suisse this morning provided an in-depth look at the grocers and gave its take on just which of the biggies will prosper in the current environment.
What to buy if you’re selling Ocado. The answer might surprise you
While there are still some ‘buyers’ out there, the majority (eight out of 12 analysts polled by the Broker Forecasts site) have either ‘sell’ or ‘neutral’ recommendations on the online shopping specialist.
Builders and building materials
FTSE 100 rises on supermarkets, construction stocks
London’s blue-chip stocks rose and ended just shy of their highest point of Thursday, up 0.9% at 6,730 after gains by supermarkets as well building firms after the government’s nod to construction of nuclear power station Hinkley Point C
Trending: Tim Martin's big Brexit regret
Tim Martin's big Brexit regret, Mike Ashley's unexpected allies, and the Tesco fraud trio charged.
Serious Fraud Office charges three over Tesco profits scandal
The Serious Fraud Office has charged three former Tesco (LON:TSCO) executives with fraud following the profits warning in 2014 that plunged the supermarket chain into chaos.
Ex-Tesco bigwig appointed as new Eagle Eye CEO
Tim Mason launched the Tesco Clubcard and was the former boss of the supermarket giant’s failed Fresh & Easy venture
Trending: Philip Green has his luxury yacht renamed
The retail billionaire’s new £100mln yacht was renamed ‘BHS Destroyer’ by a TV comedian, and Christmas has come early for some UK supermarkets
London shares rise as miners, housebuilders and Tesco fare well, mid-caps at May 2015 highs
UK shares closed higher on Tuesday, as miners once again outperformed other stocks, along with housebuilders and grocer Tesco, while the FTSE 250 index headed to May 2015 highs
FTSE 100 pushes higher as supermarkets rally
London's blue chip index was 46 points higher at 6,874
Trending: Spending time in the UK
Tourists visiting Britain went on a spending binge last month, with the Japanese visitors proving particularly profligate.
WM Morrison may bag Ocado distribution deal say reports
Supermarket WM Morrison Supermarkets PLC could announce as soon as Tuesday morning that it has reached a deal to take capacity at an Ocado warehouse in Erith, Kent, according to media reports on Monday
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Big miners beating 'Brexit Blues', says Deutsche
Analyst Anna Mulholland said that free cash flow yields for the sector now average 14% and 16% this year and next respectively and among the broker's top picks - Rio Tinto (LON:RIO), Acacia (LON:ACAA) and Vedanta (LON:VED) are yielding abov
London stocks fall as Brexit woes continue to weigh
London’s FTSE 100 closed down on Wednesday in a repeat of the previous session’s gyrations over the ongoing Brexit vote shock
Investments and investor services
FTSE 100 Index falls as pound plunges to new low
The FTSE 100 Index reversed modest gains to stand 103.29 points adrift at 6442.08
FTSE 100 Index rises but pound slumps on 'Brexit' fears
The FTSE 100 Index increased 11.54 points to 6556.91
Big four grocers' sales dip again even ahead of Brexit
Kantar Worldpanel suggested Brexit uncertainty would not hit sales to any great degree.
London’s FTSE prices in a Remain poll victory
London’s FTSE100 closed firmly higher, anticipating a Remain victory in Britain’s European Union referendum on Thursday
FTSE 100 pointing to a victory for the Remain camp
Traders are betting that the Brexiters will be vanquished in today’s plebiscite, though of course, the plebs may yet vote the “wrong” way.
FTSE100 up as UK heads to polls
More than 45mln voters are eligible to have a say and many have done so already, reportedly.
Market gives thumbs-up to Tesco update
Pricing pressure remains a feature with deflation knocking around 0.7 percentage points off Tesco's 0.3% LFL sales growth in the UK
Stocks bring some sunshine to rainy Britain on referendum day
The FTSE 100 up 40 points on the morning of the EU referendum.
Week Ahead: Tesco looking for something a bit more drastic
Drastic Dave has been in the hot seat at Tesco for almost two years
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Brokers: Two high street retailers are downgraded
Poundland and Tesco have both been downgraded today, while brokers disagree on the prospects of Imperial Brands…
Trending: Revlon buys Elizabeth Arden while Tesco sells Dobbies
Elsewhere, one of the biggest diamonds ever to come out of Russia has just been discovered
Tesco sells Dobbies Garden Centres
The pruning of assets at cash-strapped supermarket giant Tesco continues
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Papers: The murder of MP Jo Cox leads every front page on Friday
UK newspapers all pay tribute to MP Jo Cox who was murdered on Thursday, while in business, MPs call for the National Grid to be split up
FTSE 100 takes a tumble as Brexit fears grow
Having held its own for most of the week, the top shares index finished down on the week, laid low by fears over a UK exit from the European Union
Tesco sells Giraffe restaurant chain
“The disposal of Giraffe was thought to be off the table, so the apparent change of heart suggests a level of desperation," said Jasper Lawler, analyst at CMC Markets.
Investments and investor services
Fretful Friday for Footsie
All but two of the top-share index's constituents were in the red
FTSE100 closes lower as China, Brexit weigh
UK shares finished lower as big cap miners fell down a hole, US stocks started weaker and there were further concerns about a slow down in China
FTSE100 and small caps subdued as China clouds gather
London investors were in subdued mood on the back of more disappointing data out of China.
Amazon logs onto UK grocery market
Amazon has plans to roll out its Fresh service throughout the UK
Sainsbury's hails upbeat sales but analysts stay cautious on Argos bid
Supermarket chain's first quarter like-for-like sales fell 0.8% excluding fuel and by 1% including fuel
Ireland-focused oil firms boosted as FTSE 100 Index rises
The FTSE 100 Index closed 24.02 points up at 6209.63
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Citi downgrades Halfords as it 'gets ahead of itself'
A look at some broker upgrades and downgrades on the day
Tesco comes up trumps in latest retail data
Tesco racked up the smallest fall in sales among the UK’s “big four” chains in the last three months
Takeover bid boosts Sweett Group as FTSE 100 Index keeps gains
The FTSE 100 Index kept most of its early gains, standing 33.8 points ahead at 6253 by lunchtime
FTSE 100 rallies, taking its lead from buoyant Wall Street
Taking its lead from Wall Street, the Footsie moved gently into positive territory
Most followed: Tesco boss's bumper bonus
Tesco AGM set for Brexit day. Fracking approved in Yorkshire and Manu makes a mint