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  • 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 [...]

  • 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 [...]

  • My nine key predictions for the City over the 12 months ahead

    January 7, 2015

    It's with some trepidation that I set out my predictions for the year ahead in corporate Britain, not least because the first of them might appear misguided even by the time you read this. ONE Tesco, which today updates the City on Christmas trading, will be the winner among the food retailing establishment’s “big four” [...]

  • FTSE rebounds on expectations of European QE – London Report

    January 7, 2015

    Britain’s top equity index gained nearly one per cent yesterday, rebounding from a three-week low as Eurozone consumer price data raised expect­ations of new stimulus from the European Central Bank. The blue chip FTSE 100 index, which had fallen in the last three sessions and hit its lowest since mid-December on Tuesday, finished 53.32 points, [...]

  • 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, [...]

  • Brent crude oil falls below $50

    January 7, 2015

    The price of Brent crude oil has dipped below $50-a-barrel mark for the first time in five and a half years, marking a symbolic moment for oil. The black stuff fell another two per cent this morning to $49.99 a barrel. Yesterday Brent crude dipped to $51.12, following a six per cent fall on Monday, [...]

  • Energy bills set to shrink as oil price plummets

    January 6, 2015

    OIL PRICES continued to fall yesterday, after driving markets down on Monday. Brent crude stayed below $53, the lowest it has been since 2009 and fell to as low as $50.85 during the day. Meanwhile US benchmark WTI remained below what ETX Capital strategist Daniel Sugarman termed the “psychological barrier” of $50 a barrel. Consumers [...]

  • FTSE 100 slips on weak British economic data – London Report

    January 6, 2015

    UK SHARES fell for a third-consecutive session yesterday, and the pound traded lower against the dollar, as weaker-than-expected economic data weighed on British assets. The blue chip FTSE 100 fell 0.8 per cent, or 50.65 points, to 6,366.51, bringing its three-day loss total to three per cent. The index fell two per cent on Monday, its [...]

  • Oil prices sink below $50 a barrel as petrol costs tumble

    January 5, 2015

    Boost for motorists and airlines as petrol costs tumble… yet the speed of black gold’s collapse spooks global markets. The price of oil slid further yesterday, providing a boon to motorists and fuel-dependent industries, yet contributing to market turbulence throughout the world. American crude crashed below $50 a barrel during trading, while benchmark Brent tumbled under [...]

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