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* Bank CEO says launch can boost spending in supermarkets * Tesco looking to win market share from "Big 5" banks * Bank customers offered points in Tesco loyalty scheme * Bank has built up 12 percent credit card market share By Matt Scuffham LONDON, June 10 (Reuters)
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International Consolidated Airlines (IAG) rallied after announcing passengers on its European British Airways flights will soon have access to in-flight broadband for the first time. St James's Place gained after Barclays reiterated an 'overweight' rating for the wealth manager. Whitbread advanc
Read moreLONDON, June 5 (Reuters) - Marks & Spencer boss Marc Bolland, under pressure to revive the British retailer's underperforming non-food business and halt falling profits, has taken a 26 percent pay cut after missing out on a bonus and declining a pay rise. In its annual report published on
Read more(Adds detail,) By James Davey LONDON, June 4 (Reuters) - Tesco, Britain's biggest retailer, posted the worst quarterly drop in underlying sales in its key home market since Chief Executive Phil Clarke took the helm in 2011, raising further questions over his trading strategy. Cl
Read moreTesco is expected to on Wednesday report its worst set of results in 20 years amid growing competition from smaller discount chains. The UK supermarket is forecast to post a 4% fall in first quarter sales, compared to a 2.9% decline in the previous quarter. The company has tried to win back marke
Read moreTesco and Morrison sales declined over the past 12 weeks while Sainsbury and Asda achieved growth, Kantar Worldpanel revealed on Tuesday. Overall growth in the grocery market slowed to 1.7%, the lowest level in 11 years. Tesco's sales fell 3.1% year-on-year, giving it a market share of 29%, down f
Read more* UK grocery market sales growth 1.7 pct in 12 weeks to May 25 * Lowest growth for the overall market for 11 years * Tesco sales down 3.1 pct, Morrisons down 3.9 pct LONDON, June 3 (Reuters) - Sales at Britain's biggest grocer Tesco and at No.4 player Morrisons continued to slide ove
Read more- Eurozone money supply weak, German unemployment rises - Markets cautious after recent highs - LSE leads financials higher - GSK to be investigated by UK fraud body techMARK 2,799.81 +0.48% FTSE 100 6,851.22 +0.09% FTSE 250 15,935.43 +0.58% UK stocks ended slightly higher after trading in a narr
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LONDON (Alliance News) - Stocks have traded in tight ranges and in relatively low volumes across the UK and Europe Wednesday, as some disappointing eurozone economic data prevented indices pushing towards their recent highs. Investors are particularly reticent to add to positions in the run
Read moreCantor Fitzgerald reiterated its 'sell' rating on Royal Mail, and cut its target price from 500p to 480p, pushing the stock into the bottom spot. Engineering group Weir fell after announcing it has dropped its pursuit to merge with Metso after continued rejections from the board of the Finnish riva
Read moreBroker Shore Capital downgraded its 2015 and medium-term forecasts and said its neutral recommendation for Marks & Spencer , "may be so for quite a while". Analyst Clive Black is now looking for modest year-on-year growth of around 3% for 2015 earnings per share of 33.5p, a 4% downgrade. He forecas
Read more- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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London Stock Exchange Group, up 2.3%. The group's shares have risen after it was added to a
LONDON (Alliance News) - UK stocks are trading mixed in low volumes Wednesday, with some disappointing eurozone data leading to investor caution ahead of the European Central Bank policy meeting next week. By mid-morning Wednesday, the FTSE 100 is down 0.1% at 6,841.81, while the FTSE 250 i
Read more- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
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