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Share Price: 9,042.00
Bid: 9,088.00
Ask: 9,092.00
Change: -78.00 (-0.86%)
Spread: 4.00 (0.044%)
Open: 9,152.00
High: 9,210.00
Low: 9,042.00
Prev. Close: 9,120.00
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Tuesday newspaper round-up: Ukraine, AstraZeneca, Bank of England

Tue, 06th May 2014 07:03

Heavy fighting erupted Monday around a pro-Russian separatist stronghold in eastern Ukraine, with dozens of casualties reported as the standoff between insurgents and the government entered a more dangerous phase. The fighting was the most sustained since acting President Oleksandr Turchynov first sent troops to eastern Ukraine about three weeks ago, in what he called an anti-terrorist operation. - The Wall Street Journal EuropeThe heads of the two pharmaceuticals giants at the heart of a takeover row could be summoned to give evidence before MPs. The shadow business secretary, Chuka Umunna, wrote yesterday to the science and technology select committee urging it to invite the chief executives of Pfizer and AstraZeneca to appear before them. - The TimesThe Bank of England looks set to leave interest rates on hold again this week, but a hike before the General Election is seen as increasingly likely. Governor Mark Carney last week said he is still 'comfortable' with rates at a record low of 0.5% - setting the scene for another 'no change' decision when the monetary policy committee votes on Thursday. But with the economy growing at its fastest pace for nearly seven years, and unemployment down from 7.9% to 6.9% in the past 12 months, pressure is mounting on the Bank to act. - The Daily MailAccording to figures from accountants BDO same-store sales on the High Street grew 2.7% in April compared with the same time last year. It said consumers, buoyed by supermarket discounts on everyday items such as milk and lower petrol prices, used the extra cash in their pockets to take a trip to the high street and splash out on "non-essentials". It said fashion sales at retailers including Next led the way, up 2.1% as warmer weather prompted shoppers to snap up summer clothes. - The Daily ExpressAccording to the latest ICAEW/Grant Thornton UK Business Confidence Monitor small and medium sized businesses in the private sector will be looking for 450,000 new employees before the middle of 2015 as confidence in their future prospects surges to record levels. The report, covering the first quarter of the year, found that firms throughout the country felt more bullish about the economy than ever before with the property and construction sector leading the way. - The Daily ExpressBritain's rapid growth rate will become "ingrained" and more balanced, the European Commission (EC) said on Monday, as two separate reports suggested the strong rate of expansion was likely to continue. The EC now expects the UK economy to grow by 2.7% in 2014, compared with a forecast of 2.5% three months ago. It also upgraded its forecast for 2015 growth to 2.5%, from a previous estimate of 2.4%. "Growth is expected to become firmly established... and its composition is expected to broaden," the EC said in its spring forecast on Monday. - The Daily TelegraphAB
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17 Jan 2024 12:36

IN BRIEF: Next adds Hargreaves Lansdown CFO Amy Stirling to board

Next PLC - Leicester, England-based clothing and homewares retailer - Appoints Amy Stirling to its board as an independent non-executive director, starting April 2. Stirling is the chief financial officer of wealth management platform operator Hargreaves Lansdown PLC. She joined Hargreaves in February 2022, having previously been CFO of the Virgin Group.

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11 Jan 2024 12:02

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.

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10 Jan 2024 11:16

UK's Sainsbury's in contact with government over Red Sea disruption

LONDON, Jan 10 (Reuters) - Sainsbury's is in regular contact with the UK government about the disruption to shipping in the Red Sea, the supermarket group said on Wednesday, in a sign of the nervousness of major importers about securing supplies.

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10 Jan 2024 06:00

Retailers rush to avoid delays to spring collections due to Red Sea attacks

NEW YORK/LONDON, Jan 10 (Reuters) - Retailers worldwide are stocking up on goods before China's Lunar New Year holiday and seeking air or rail alternatives to transportation via the Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters.

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9 Jan 2024 09:47

UK's B&M not expecting material impact from Red Sea attacks

LONDON, Jan 9 (Reuters) - British discount chain B&M does not expect any material impact from disruption to shipments through the Suez Canal due to attacks by Iran-backed Yemeni Houthi militants in the Red Sea, its CEO said on Tuesday.

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9 Jan 2024 00:01

UK retailers report subdued Christmas spending: BRC

LONDON, Jan 9 (Reuters) - British retailers reported lacklustre sales around Christmas, according to industry data released on Tuesday which may add to concerns that the economy has tipped into a mild recession, less than a year before a likely national election.

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8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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8 Jan 2024 07:17

LondonMetric buys warehouse for £21.2m for let to Next

(Sharecast News) - LondonMetric Property said it had bought a warehouse in Doncaster for £21.2m which will be let to fashion retailer Next for 13 years.

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5 Jan 2024 08:57

LONDON BROKER RATINGS: Jefferies cuts Mondi to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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4 Jan 2024 17:03

FTSE 100 rebounds as Next outweighs slump in JD Sports

Next shines on profit forecast hike

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4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

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4 Jan 2024 13:35

UK'S Sainsbury's to spend 200 mln stg on 9% rise in workers pay

LONDON, Jan 4 (Reuters) - British supermarket group Sainsbury's said on Thursday it would invest 200 million pounds ($254 million) on raising the pay of 120,000 workers by more than 9% to a level above the new rate of the government-mandated national minimum wage.

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4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

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4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

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4 Jan 2024 11:25

Red Sea attacks could moderate growth at UK's Next, says CEO

LONDON, Jan 4 (Reuters) - British clothing retailer Next's sales growth will likely be moderated if disruption to shipments through the Suez Canal due to attacks by Iran-backed Yemeni Houthi militants in the Red Sea continues through 2024, its boss said on Thursday.

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