‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Halfords share price plunges as chief executive Matt Davies poached by Tesco January 8, 2015 Shares in bikes-to-car parts retailer Halfords plunged 8.5 per cent yesterday after Tesco announced it had poached chief executive Matt Davies to head up its UK and Ireland business. The former Pets at Home boss was hired in 2012 to lead a turnaround of the tired chain, which had issued nine profit warnings in the [...]
Tesco boss Dave Lewis: Drastic he may be but let’s not forget dapper January 8, 2015 Drastic Dave Lewis had his day in the spotlight yesterday, reeling off a list of admittedly quite drastic measures in a bid to save Tesco. But the one question The Capitalist wanted to ask was, how does Tesco boss Drastic Dave Lewis feel about constantly being called drastic? Maybe one day he’d like to be [...]
Tesco soars as M&S suffers a slump on buoyant trading – London Report January 8, 2015 LONDON’S shares rallied strongly yesterday, amid a broad-based global equities rally, with supermarkets topping the FTSE 100 gainers after Tesco outlined plans to try to revive its fortunes. The FTSE 100 closed up 2.3 per cent at 6,569.96. Tesco was the best-performing stock on the FTSE 100, closing up 15 per cent at 209.25p. The [...]
Tesco’s rising share price leads FTSE 100 higher January 8, 2015 Tesco became the biggest riser on the FTSE 100 this morning, with its shares jumping more than 11 per cent in lunchtime trading after it posted encouraging Christmas trading figures. By close of trading, Tesco's share price had soared 16.4 per cent. The rally helped the FTSE 100 to rise almost 2.3 per cent. Other [...]
Tesco turnaround: Dave Lewis says “We are facing the reality of the situation”. Here’s his statement in full January 8, 2015 Tesco's share price has risen 11.2 per cent today, after revealing better than expected results, a detailed turnaround strategy and the name of its new UK and Ireland boss, Halford's Matt Davies, who joins in June. Chief executive Dave Lewis has gone through a baptism of fire in his first few months at the [...]
Supermarket wars: Tesco, Sainsbury’s and Morrisons feeling the pressure in one share price chart January 8, 2015 Tesco’s share price is up today, and by a lot: 9.8 per cent at the time of writing. All in all, though, it’s been a bad past 12 months for supermarkets, with Tesco, Sainsbury’s and Morrisons share prices all sliding against the FTSE, which has itself dropped over the same period. Tesco’s story has been [...]
Tesco turnaround: Here’s what the analysts say January 8, 2015 Troubled Tesco today unveiled a dramatic turnaround plan, which will be led by Halfords chief executive Matt Davies when he starts as the supermarket's new UK boss in June. Its share price soared more than 10 per cent in mid-morning trade. But what are the analysts making of it all? Finally fighting back: John Ibbotson, director [...]
Tesco share price: One chart showing the rise, fall – and rise again? – of a retail empire January 8, 2015 Is turning around a supertanker really this easy? Tesco's share price rebounded more than nine per cent this morning after the retailer posted results showing Christmas sales fell a mere 2.9 per cent. Admittedly, that's hardly an impressive performance – but it's better than analysts had expected. If you're on a mobile, tap on the [...]
Tesco share price surges nine per cent after naming Matt Davies as new UK boss: sales drop, but turnaround begins January 8, 2015 Tesco's share price surged by more than nine per cent this morning, after the troubled supermarket outlined its turnaround strategy. It reported a fall in like-for-like sales of 2.9 per cent in the 19 weeks to 3 January – a better than expected set of results. The supermarket, which had a dismal 2014, set out [...]
Tesco, Morrisons, Asda, and Sainsbury’s cut petrol prices as Brent crude falls again January 7, 2015 The UK’s supermarkets are cutting petrol prices as the falling price of oil fuels a pump war. Brent Crude dropped below a symbolic threshold this morning, sliding below $50 a barrel to $49.99. The supermarkets had already blinked, however. Asda capped its petrol prices at 107.7p per litre and diesel at 114.7p from 1 January, [...]