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Womenswear sales at Marks and Spencer over the Christmas period were significantly worse than had been expected by City analysts, dragging general merchandise (GM) sales down badly as bad weather and distribution issues clouded the third quarter. GM, principally womenswear, fell 5.8% on a like-for-l
Read moreGrocery giant Sainsbury on Wednesday unveiled better-than-expected numbers on like-for-like sales for the third quarter. Those dropped by 1.7%, considerably less than the 3.2% drop which analysts had plugged into their spread-sheets. As Shore Capital emphasised in a research note e-mailed to client
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** J Sainsbury slips from top of FTSE 100 leader board briefly into the red as investors digest its trading update ** Traders highlight the retailer's caution about prospects for its full financial yr. Co says food price deflation & intense competition likely to continue ** Stock up
Read more** J Sainsbury leads gains among UK supermarket retailers after reporting better than expected Christmas quarter ** Sainsbury's up 4.2 pct, top FTSE 100 riser & 2nd busiest stock on index with 1/4 of 90-day daily avg volume already traded ** Stock fallen more than 30 pct over last yr
Read moreIt was a volatile day for the UK equity market with stocks swinging between losses and gains for most of the session, with a late sell-off sending the FTSE 100 firmly in the red by the close. Service-sector activity data from across the globe largely came in below expectations with weak figures from
Read moreConcerns about the Greek crisis and continuing downwards pressure on oil prices drove London's stock market 2% lower on Monday, with investors scaling back their appetite for risk ahead of a busy week. The FTSE 100 finished the session down 130.64 points at 6,417.16, its lowest close since 17 Decemb
Read moreThe travel sector was booming on Monday as oil prices continued to fall. Carnival, International Consolidated Airlines Group and EasyJet were among the best performing members of the FTSE 100. Randgold Resources and Fresnillo were on the rise as gold and silver prices increased. Gold was up for the
Read moreUK stocks were trading firmly in the red by Monday lunchtime despite a positive start, with shares in the oil and mining sectors providing a drag. London's FTSE 100 was down 0.9% at 6,489 by midday, dropping sharply after reaching a high of 6,576.74 early on. This week will be the first full tradin
Read more* Like for like sales rose 4.8 pct in five weeks to Dec. 27 * Black Friday delivers biggest sales week in firm's history * MD says Black Friday may have reached "high water mark" in UK (Adds detail, MD comments) By Kate Holton and James Davey LONDON, Jan 5 (Reuters) - Br
Read more** Marks & Spencer standout faller on Britain's FTSE 100 as Societe Generale downgrades rating on retailer to "hold" vs "buy" on valuation grounds ** Stock up almost 16 pct since results on Nov 5 when co posted its first rise in H1 profit for 4 yrs ** SocGen says M&S worth holding for
Read moreAfter an initial dip, UK stocks pushed into positive territory early on Monday as traders returned to their desks after the festive holidays in an optimistic mood. London's FTSE 100 index was up 0.4% at 6,571, quickly bouncing off an intraday low of 6,522.59 reached shortly after the open. "This Mo
Read moreLONDON, Jan 5 (Reuters) - Sales at Britain's biggest department store group John Lewis rose nearly 5 percent in the five weeks to Dec. 27, driven by the "Black Friday" frenzy at the start of the period and by last-minute Christmas gift-buying at the end. While sales in the Black Friday disc
Read moreSainsbury's, Tesco and Marks & Spencer are set to report a decline in Christmas sales this week. The three retailers are widely expected to post disappointing festive figures, with Sainsbury's and Tesco bearing the brunt of a decline in food sales, while M&S suffered from a struggling clothing busin
Read more* Sales in 58 days to Dec. 25 up 2.9 pct * Sees full-year pretax profit up 11.5 pct * Shares rise some 4 pct, topping FTSE 100 index (Adds CEO comments, analyst reaction) By Paul Sandle LONDON, Dec 30 (Reuters) - Next signalled brighter prospects for British retailers on
Read moreSupermarket J Sainsbury fell on Tuesday after Kantar Worldpanel released a report revealing the group's sales fell 1.8% in the 12 weeks to 7 December while its market share fell. The Big Four grocers continue to be overshadowed by exceptionally strong growth from the discount end of the market, name
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