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Sainsbury, once king of the hill in the UK grocery market, is set to embarrass the current market leader, Tesco, when it issues a trading update on Wednesday. While earlier this week Tesco tried to put a brave face on a 1.5% decline in like-for-like sales (excluding VAT and petrol) in the UK, Sains
12 Jun 12 18:42FTSE 100 Chief Executives enjoyed bumper pay rises in 2011 while their employees got virtually no increase at all, according to a new report. The average wage earned by Chief Executives in the UK's biggest firms was £4.8m, up 12% on the year before. In contrast, employees at FTSE 100 companies saw
12 Jun 12 09:05China's leadership remains under pressure to rescue the world's second-biggest economy from an ugly slowdown, despite a surprise leap in foreign trade last month. Exports surged by 15.3 per cent compared with May last year, while imports increased by 12.7 per cent thanks to a rise in demand for crud
11 Jun 12 07:05Marketing firm Chime Communications is to sell its public relations arm, Bell Pottinger, to its own Chairman and deputy Chairman. The deal will cost Chairman Lord (Tim) Bell and Deputy Chairman Piers Pottinger £19.6m and see them resign from the board of Chime. Of the £19.6m, £13.9m is payable in
31 May 12 10:12- Spanish concerns weigh on European markets - Earlier optimism surrounding China outweighed by euro worries - Banks slip into the red, miners trim gains Miners had pared their gains by Tuesday lunchtime, meaning that the Footsie had slipped back to where it had started, as Eurozone concerns outwei
29 May 12 11:37- Chinese stimulus hopes boost miners - Wolseley drops after third-quarter update - Greek banks receive liquidity injection Just a couple of stocks on the FTSE 100 were in the red in early trading on Tuesday, as the blue chip index jumped on the back of Chinese stimulus hopes. Markets across Europ
29 May 12 08:25City sources predict the FTSE 100 will open up 25 points from yesterday's close of 5,356, tracking Asian stocks higher. Sentiment over Greece has been boosted by another poll in the country which showed that the pro-bailout New Democracy party is leading amongst voters as the country prepares for th
29 May 12 07:28Advertising and media giant WPP is to buy a majority stake in French digital data and campaign technology marketing group Predictys, as it attempts to widen its footprint in the digital industry. Predictys, founded in 2007 and headquartered in Grenoble, has a co-operative database which includes in
29 May 12 07:04Chamberlin: Charles Stanley maintains buy rating and 175p target. easyJet: Investec upgrades from hold to buy, target hiked from 500p to 670p. HomeServe: Charles Stanley cuts target from 290p to 250p, rating under review; Jefferies maintains underperform rating and 195p target. Inmarsat: UBS cut
22 May 12 09:26City sources predict the FTSE 100 will open little changed, as the market awaits more developments in the Eurozone. Real estate investment trust British Land increased underlying profit before tax by 5.1% to £269m in the year to the end of March. Net asset value per share was up 4.9% to 595p. "We
21 May 12 07:52When it comes to contingency planning for a Eurozone break-up, it is typically a German company that has been ahead of the game. Industrial conglomerate Siemens acquired a banking licence in December 2010. That allowed it to access directly European Central Bank funds, so cutting its exposure to swi
21 May 12 07:16Media giant WPP has entered into an agreement to buy a stake in Myanmar-based advertising agency, Today Advertising. The company, based in Yangon, employs 60 people, and WPP's investment continues its strategy of "developing its services in fast-growing and important markets and sectors," the group
21 May 12 07:03Miners have been firmly under a cloud since Goldman Sachs lowered its forecast for second quarter growth in China's gross domestic product (GDP) to 7.9% from 8.5% previously, but today several stocks were seen to be rising. Fresnillo, Antofagasta, Polymetal and Kazakhmys were all seen heading high
18 May 12 14:47WPP, which is not wholly adverse to the odd acquisition now and again, has announced that it is to acquire a majority stake in Russia-based digital marketing services agency, Grape. Grape's major clients include Henkel, JTI, MTS and SABMiller. Its consolidated unaudited revenues for the year ended
18 May 12 13:37Although the City pages of Saturday's papers may focus on Centrica's trading patterns, outlined in a statement issued on Friday, the front page news is likely to be the energy provider's thinly veiled warning that fuel bills are set to go up later this year. Centrica, which provides energy under th
11 May 12 15:28
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