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Share Price: 252.80

Bid: 252.50

Ask: 252.70

Change: 4.90 (1.98%)

Spread: 0.20 (0.079%)

Open: 250.20

High: 252.80

Low: 249.30

Prev. Close: 247.90

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London pre-open: Stocks seen lower after BoJ stands pat

Tue, 15th Mar 2016 07:12

(ShareCast News) - London stocks are set to open lower on Tuesday following a mostly weaker session in Asia, after the Bank of Japan decided to keep interest rates unchanged in negative territory.The FTSE 100 is seen starting 29 points lower than Monday's close at 6,145.Central bank meetings will remain in focus for the rest of the week as the Federal Reserve's two-day meeting kicks off later on Tuesday, while the Bank of England rate announcement is due on Thursday.There are no major UK data due, but the US calendar is pretty busy. PPI final demand is at 1230 GMT, along with retail sales, Empire manufacturing, business inventories and the NAHB housing market index."It's no secret the manufacturing sector is under pressure, not only in the US but globally as well so today's March Empire manufacturing survey isn't expected to offer up too much optimism apart from a slightly improvement on February's -16.6, to -10.3, making it the eighth consecutive monthly contraction," said CMC Markets' Michael Hewson."The retail sales data for February look set to be the most important data point today, with expectations of a decline of -0.1%, after three successive months of modest gains."Sainsbury's reports positive fourth quarter sales Sainsbury's posted positive sales growth in the fourth quarter, the first quarterly sales growth in more than two years, good news it would expect to boost its shares and its bid to acquire Home Retail Group.With transactions and volumes both heading in the right direction, the supermarket group grew total sales 1.2% and like-for-like sales 0.1% excluding fuel.Legal & General boosted its full year dividend by a fifth to 13.4p per share in its annual results on Tuesday and committed to more progressive increases, against market expectations.The dividend had already doubled in size since 2010, with UBS earlier forecasting that growth in the distributions would have to slow to 6% a year between 2016 and 2019.Net cash generation at the FTSE 100 firm was also up, by 14% to £1.26bn, with operating profit up 14% to £1.46bn. Legal & General reported adjusted earnings per share of 18.58p, up 11% in 2014.Online grocery home delivery firm Ocado said group gross sales rose 15.3% to £312.4m in the quarter to 21 February.Average weekly orders were up 16.9% to 214,000, although the average order size fell to £111.41 from £114.72.Ocado said it had cash and cash equivalents of £38.3m and external borrowings of £66.5m.Chief executive Tim Steiner said post period the company shipped more than 250,000 orders in a single week for the first time."We believe our focus on customer satisfaction and commitment to improving what we offer to consumers through innovation and our proprietary IP will support further growth. Notwithstanding the tough nature of the marketplace, we expect to continue growing ahead of the online grocery market."

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20 Jun 2023 08:33

Lab crunch: British science has nowhere to go

OXFORD, England, June 20 (Reuters) - For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home.

15 Jun 2023 17:15

UK's FTSE 100 rises on energy boost; Informa jumps

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15 Jun 2023 11:12

Legal & General new CEO has "hard act to follow" after Wilson's tenure

(Alliance News) - Legal & General Group PLC on Thursday named its new chief executive, but Antonio Simoes has a "hard act to follow."

15 Jun 2023 09:15

Legal & General hires Santander's Antonio Simoes as CEO

Simoes will join the company on Jan. 1, 2024

15 Jun 2023 09:10

Santander appoints Castro e Almeida to drive growth in Europe

MADRID, June 15 (Reuters) - Santander said on Thursday it has appointed Pedro Castro e Almeida as regional head for Europe as the Spanish bank bets on this region to drive growth.

15 Jun 2023 09:00

TOP NEWS: Santander head of Europe to join Legal & General as CEO

(Alliance News) - Legal & General Group PLC on Thursday said Banco Santander SA's regional head of Europe, Antonio Simoes, will join the company as chief executive officer.

15 Jun 2023 07:52

Santander appoints Pedro Castro e Almeida as Europe's regional head

MADRID, June 15 (Reuters) - Spain's Santander on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain's Legal and General Group.

15 Jun 2023 07:40

Legal & General appoints António Simões as CEO

(Sharecast News) - Legal & General said on Thursday that it has appointed António Simões as chief executive officer.

6 Jun 2023 12:17

LONDON MARKET MIDDAY: FTSE 100 underwhelms as BP and Shell fall

(Alliance News) - Stock prices in London were lower at midday on Tuesday, with the FTSE 100 hurt by share price falls for oil majors, while a less than stellar reading of the UK retail sector kept a lid on sentiment.

5 Jun 2023 10:39

Watkin Jones announces forward sale of development in Belfast

(Alliance News) - Watkin Jones PLC on Monday announced the forward sale of Loft Lines, a development site in Belfast, to life insurance and financial services provider Legal & General Group PLC and the Clanmil Housing Association.

26 May 2023 18:17

Glencore's shareholder opposition to climate report grows

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

26 May 2023 16:16

Glencore's shareholder opposition to climate report grows

24 May 2023 16:18

'Soft compulsion' needed to nudge pension cash into UK companies, says L&G

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21 May 2023 14:45

Sunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook

(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph

15 May 2023 10:04

ISS advises Glencore shareholders to vote against climate progress report

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