LONDON MARKET OPEN: FTSE 100 falls as Shell, AB Foods and Tesco sink
(Alliance News) - Stock prices in London opened lower on Thursday as updates from Associated British Foods, Tesco and Shell disappointed investors. Read More
(Alliance News) - Stock prices in London opened lower on Thursday as updates from Associated British Foods, Tesco and Shell disappointed investors. Read More
(Alliance News) - Tesco reports higher sales for the Christmas period and raises its profit guidance, while M&S sees Fashion, Home & Beauty sales fall but Food sales rise and AB Foods reports a challenging start to the financial year for Primark. Read More
(Alliance News) - Stock prices in London were mixed at midday on Wednesday, as the FTSE 100 snapped from its new year rally as a drop in the oil price weighed on BP and Shell. Read More
(Alliance News) - Stock prices in London were higher at midday on Tuesday, as the FTSE 100 extended its rally after the first festive data for retailers was well received by investors. Read More
Rank Group PLC - Maidenhead, England-based owner of Grosvenor Casino and Mecca Bingo - Says Chief Executive Officer John O'Reilly, "following discussions with the board", will step down on January 29, though he will continue to support the business until the end of the current financial year, which is on June 30. Chief Financial Officer Richard Harris will be appointed interim CEO with effect from January 30. Harris has been an executive director since joining Rank as CFO in May 2022. "Richard's extensive knowledge of the business is coupled with broad experience in consumer facing businesses, and he has made a significant contribution to the group's progress in recent years," Rank says. Prior to Rank, Harris was CFO of estate agent Foxtons Group PLC and previously held positions at engineering firm Laird PLC and retailer Marks & Spencer Group PLC. A formal search process to identify a permanent CEO will now begin, Rank says. Read More
(Alliance News) - Easing grocery price inflation allowed UK shoppers to spend an average of GBP476 at the supermarket in December – up GBP15 on a year before, figures showed on Tuesday. Read More
(Alliance News) - The FTSE 100 closed above 10,000 for the first time on Monday as defence stocks and miners climbed amid US-Venezuela uncertainty. Read More
(Alliance News) - Stock prices in London closed in the red on Wednesday, at the end of a shortened trading day, but the FTSE 100 index ended the year close to a new record despite a slight retreat on Wednesday. Read More
(Alliance News) - Marks & Spencer Group PLC is launching a range of meals and snacks to help those on weight-loss medication maintain a healthy diet. Read More
(Alliance News) - The FTSE 100 drifted lower on Wednesday in lacklustre trading ahead of the Christmas break, although a chunky disposal by BP brought some life to proceedings. Read More
LondonMetric Property PLC - London-based real estate investment trust focuses on logistics, healthcare, convenience, entertainment and leisure properties - Sells two "mature" out-of-town retailing properties for GBP64.4 million and buys new warehouse properties for GBP26.2 million. Sells Cantium retail park in south east London occupied by B&Q, Pets at Home and other brands for GBP48.5 million, with LondonMetric's share of this GBP33.5 million. Also sells a retail property in Weymouth, England housing a Marks & Spencer store for GBP15.9 million. Buys two warehouses let to food wholesaler Booker. They are a logistics warehouse in Doncaster for GBP16.9 million and a Booker Cash & Carry in Southend-on-Sea for GBP9.3 million. B&Q is owned by Kingfisher PLC and Booker by Tesco PLC. Read More
(Alliance News) - Stock prices in London closed mostly higher on Friday, in light of lower-than-expected US inflation the day before. Read More
(Alliance News) - The FTSE 100 marched higher on Monday, ahead of a raft of key economic data and an expected interest rate cut by the Bank of England later this week. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - The FTSE 100 struggled to make headway on Tuesday, pegged back by falls in retailers, with investors wary ahead of the US interest rate decision on Wednesday. Read More
(Alliance News) - Britain's biggest supermarkets reported rising sales in the latest 12-week period as promotional spending ramped up and shoppers loosened their belts for festive indulging, according to new data from Worldpanel by Numerator on Tuesday. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and Monday and not separately reported by Alliance News: Read More
(Alliance News) - The FTSE 100 edged lower on Wednesday, despite strong gains in mining stocks and some brighter economic data. Read More
Marks & Spencer Group PLC - London-based clothing, food and homewares retailer - Managing Director of Food Alex Freudmann sells 36,034 shares at GBP3.46, worth GBP124,605, on Monday this week. Read More