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BUZZ-Tesco/Booker: fall on reports of competition scrutiny

Mon, 30th Jan 2017 08:47

** Tesco and Booker both fall c. 2pct aftermultiple reports the two companies will face a lengthycompetition probe

** The UK's largest supermarket chain and one of thecountry's leading wholesalers announced a surprise merger onFriday

** Over the weekend Times reports UK's Competition andMarkets Authority "will be all over" the proposed tie-up

** Telegraph says Tesco's One Stop chain to face particularscrutiny; CMA likely to require a phase two investigationmeaning the deal may not close until 2018

** Booker fifth most traded on Stoxx 600 by average30-day volumes

** Both stocks still well up on Thursday's close (Booker+13.5 pct, Tesco 6.6 pct)

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29 May 2015 12:49

UPDATE: Quindell Names Michael Howard To Board As Disposal Closes

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27 May 2015 07:57

Wednesday broker round-up

Beazley: JP Morgan upgrades to overweight from neutral and sets 308p target, up from 255p. Hiscox: JP Morgan upgrades to overweight from neutral and ups target to 950p from 801p. Lancashire Holdings: JP Morgan improves target price to 642p from 589p, stays at neutral. Dixons Carphone: Exane keeps

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22 May 2015 10:25

WINNERS & LOSERS: Severn Trent Sinks As Pretax Profit Drains Away

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22 May 2015 08:54

BROKER RATINGS SUMMARY: Jefferies Raises Travis Perkins, Wolseley

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21 May 2015 16:42

London close: Stocks finish flat on global economic data comes in mixed

A barrage of mixed economic data from across the globe had an equally mixed impact on the markets on Thursday, with UK stocks finishing broadly flat after swinging between gains and losses for most of the session. Mining shares were lifted by stimulus speculation in China while the energy sector was

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21 May 2015 15:58

Sector Movers: Oil, retail stocks plus chatter on Vodafone inches London market higher

Oil and gas, petrochemicals and retail stocks drove the FTSE 100 higher on Thursday as chatter about Vodafone's rumoured tie-up with Liberty Global went into overdrive. At the close of trading, the blue chip index came in at 7,013.47 points up 0.09% as Vodafone shares continued to advance on specula

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21 May 2015 15:46

LONDON MARKET COMMENT: Stocks Close Up; Pound Boosted By Retail Sales

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21 May 2015 13:20

FTSE 250 movers: Booker soars on retail bid, Inchcape hit by weaker revenue

London's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped

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21 May 2015 11:58

London midday: Stocks dip as investors shrug off strong retail sales

Stronger-than-expected retail sales data wasn't enough to boost London's stocks on Thursday with markets rangebound as the FTSE 100 continues to fluctuate around the 7,000 mark. UK retail sales jumped 1.2% in April, according to the Office for National Statistics, more than making up for the 0.7% de

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21 May 2015 11:37

UPDATE: Booker In Favour As It Buys Store Chains And Returns Capital

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21 May 2015 11:30

Broker tips: Royal Mail, Vodafone, M&S, Smiths Group, Booker, Aveva

Royal Mail's full year results were given the stamp of approval by analysts at Deutsche Bank and Shore Capital on Thursday, although there remained caution about the highly competitive environment. ShoreCap retained a 'buy' rating, while Deutsche Bank reiterated its 'hold' stance on the shares and t

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21 May 2015 11:19

LONDON MIDDAY BRIEFING: Royal Mail Outlook Causes Concerns

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21 May 2015 11:00

UPDATE 2-Booker to buy two grocery chains in push for local shoppers

* To buy Londis and Budgens chains for 40 mln stg in cash * Deal will expand network of grocery and convenience stores * Londis and Budgens strong in London, southeast England * Booker shares up more than 11 pct; top FTSE-250 gainer (Adds CEO comment, details, updates share pr

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21 May 2015 10:50

Investec lifts Booker target on strong results and Londis/Budgens deal

Investec has lifted its target price for Booker at the food wholesaler's annual results beat forecasts, saying that the proposed acquisition of Londis and Budgens represents a "strong fit" to the business. The broker raised its profit forecasts for the next two years and reiterated its 'buy' recomme

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21 May 2015 10:45

WINNERS & LOSERS: Miners Boosted By Chinese Stimulus Hopes

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