THE TIPSTER May 9, 2011 SAINSBURY’S, the third largest supermarket by market share after Tesco and Asda, is expecting a rise in pre-tax profit by eight per cent to £659m when it reports on Wednesday. The top three chains have all dropped market share since April 2010, which suggests shoppers may be looking for cheaper alternatives such as Aldi and [...]
THE TIPSTER May 8, 2011 SILVER saw its biggest drop since 1980 on Thursday and has declined a massive 30 per cent since hitting its all time high at the end of April. The unwritten rule is that a fall of 20 per cent marks the start of a new bear market, but considering that the bulk of the selling [...]
A truly useful, if less than sexy, resource for the novice investor May 5, 2011 HOW TO BUILD A SHARE PORTFOLIO BY RODNEY HOBSON Harriman House, £16.99 Phillip Salter IF you own a handful of UK shares but lack a strategy beyond: “I like to shop at Tesco, so I bought a few of its shares,” this book will help you build a financial future upon more secure foundations. Written [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 4, 2011 FINANCIAL TIMES BREWER’S FINANCE CHIEF TO RETIRE SABMiller is ushering in a new era after Malcolm Wyman, who has served as chief financial officer for the past decade, announced plans to retire at the annual meeting in July. My Wyman, 64, will be replaced by James Wilson, finance director for European operations. Mr Wilson, 51, [...]
Blacks hires new chief exec as it narrows losses May 4, 2011 BLACKS Leisure yesterday named Julia Reynolds as its new chief executive as the outdoor retailer tries to complete a dramatic turnaround after surviving being on the brink of adminstration. Reynolds has been working as chief executive at lingerie retail website Figleaves.com which was bought by N Brown last year. She has overseen growth of sales [...]
A truly useful, if less than sexy, resource for the novice investor May 4, 2011 HOW TO BUILD A SHARE PORTFOLIO BY RODNEY HOBSON Harriman House, £16.99 Phillip Salter IF you own a handful of UK shares but lack a strategy beyond: “I like to shop at Tesco, so I bought a few of its shares,” this book will help you build a financial future upon more secure foundations. Written [...]
FTSE flat as investors await news of Fed’s monetary policy April 27, 2011 BRITAIN’S top share index ended flat yesterday ahead of Federal Reserve Chairman Ben Bernanke’s news conference which could provide clues on the Fed’s future plans for its monetary policy. The blue-chip FTSE 100 was down 1.2 points or 0.02 per cent at 6,068.16, having hit a 9-week closing high on Tuesday. Volume was only 87.6 [...]
Tesco Bank lags its parent supermarket brand April 26, 2011 WITH Tesco boss Phil Clarke saying that expanding its presence within the banking sector is one of his top priorities we’ve looked at BrandIndex data to make an assessment of the potential it has there. Tesco Bank itself does not fare especially well at the moment. On the index measure it is in 18th place [...]
FTSE buoyed by upbeat corporate results April 26, 2011 Strong corporate results and positive broker research buoyed the FTSE today, leading the market to its highest close in more than two months. The FTSE 100 closed 0.9 per cent higher at 6.069.36 in low volumes following the long Easter weekend and ahead of a second four-day weekend to celebrate the Royal wedding and Mayday. [...]
Retail sales up as public borrowing improves April 21, 2011 Retail sales rose unexpectedly in March helped by stronger food sales on the month, while public sector borrowing for the fiscal year ending in March came in below the government’s target, official data showed. The Office for National Statistics said retail sales volumes including automotive fuel rose 0.2 percent last month after dropping by 0.9 [...]