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By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Marks & Spencer Group PLC (MKS.LN) Wednesday said it has made a good start to the year after reporting a 3.6% rise in first-quarter sales, but the U.K. retailer remains cautious about the outlook in the face of macroeconomic headwi
7 Jul 10 07:14High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for like sales in the first quarter but said it is cautious about the outlook for consumer confidence and spending. Like for like sales in general merchandise, which includes clothing, were up 6.0% in the 13 weeks ended
7 Jul 10 07:02BP has agreed an unprecedented deal to give the US Government the last word on worldwide asset sales, mergers or corporate restructuring in the wake of the Deepwater Horizon oil disaster. It has bowed to pressure from the Department of Justice, which has asked to be notified at least 30 days before
7 Jul 10 06:38High Street bellwether stock Marks and Spencer (M&S) will issue a first quarter interim management statement on Wednesday. If things work out well for management, the trends will be good enough to take shareholders' minds off director remuneration, which is likely to be a hot topic at the company's
6 Jul 10 17:15London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
5 Jul 10 16:33BP is strong on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf of Mexico disaster. The cost of the clean-up exceeds $3bn. Educational publisher Pearson has benefited from Royal Ba
5 Jul 10 15:21London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
5 Jul 10 14:211306 GMT [Dow Jones] BP (BP.LN) is +4.2% at 335p, rising to the top of the FTSE 100 gainers. It leap-frogs Marks & Spencer (MKS.LN), +2.3% at 341p, which was leading the upside earlier. This follows reports that BP is looking for sizeable investors, likely in the Middle East, to take an investment i
5 Jul 10 14:06Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1306 GMT [Dow Jones] BP (BP.LN) is +4.2% at 335p, rising to the top of the FTSE 100 gainers. It leap-frogs Marks & Spencer
5 Jul 10 14:061021 GMT [Dow Jones] Marks & Spencer (MKS.LN) +2.8% at 342p, leading the FTSE's blue-chip gainers. It rises on positive momentum ahead of the company's interim management statement, Wednesday. Yusuf Heusen, sales trader at IG Index, says over the last year or so, the 320p/340p area has tempted the v
5 Jul 10 11:21Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1021 GMT [Dow Jones] Marks & Spencer (MKS.LN) +2.8% at 342p, leading the FTSE's blue-chip gainers. It rises on positive mo
5 Jul 10 11:21LONDON (Dow Jones)--Marks & Spencer Group PLC (MAKSY, MKS.LN) has abandoned its search for a strategy director, facing concerns over the compensation of Chief Executive Marc Bolland and Sir Stuart Rose, who preceded him, the Financial Times in London reported Saturday, citing people familiar with th
3 Jul 10 12:39(Adds details, comment.) By Michael Carolan and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, as it becomes the latest U.K. company to use unusual assets to solve pens
1 Jul 10 17:10(Adds detail and comment.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, in the latest example of companies using existing assets to solve pension headaches.
1 Jul 10 13:28(adds detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it's transferring more than 2 million barrels of its maturing whisky to its pension fund as it seeks to plug its GBP862 million pension deficit. The company
1 Jul 10 11:09
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