Tag "Tesco"

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Tesco: Chaque petit geste compte

Not even two months after Sainsbury and Asda proposed a merger that could further consolidate an already concentrated UK grocery market, #1 Tesco today announces its intention to form a

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Tesco at a Crossroads with Carrefour?

FTSE 100 Index called to open -60pts at 7575, having broken down from last week’s rising 7500-7700 channel, opening the door for another revisit of April lows support. Bulls need

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Is it time for investors to consider retail therapy?

The Office for National Statistics today reported a 0.3% fall in retail sales figures for October compared to last year, although some caution is merited given that sales in October

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Companies announcing results next week

Tuesday Ferguson (Q4 results) The group reported a good set of interim numbers which should keep full year results on track with expectations. We should see underlying growth as a

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Companies announcing results next week

Tuesday Ashtead Group (Full year results) The last update from the group in March showed continued solid performances in both the UK and US operations. The weakness of sterling has

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Companies announcing results next week

Tuesday Vedanta Resources (Q4 production and revenue release) Increased production rates across the firm’s portfolio and improving commodity prices should follow through to greater revenues, for which the market consensus

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Tesco to buy Budgens and Londis owner

Supermarket giant Tesco has announced an agreed takeover of wholesaler and convenience store owner Booker in a deal which it values at £3.7bn. For each share in Booker Tesco is

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What’s in store for retailers?

The spotlight has most definitely been on the retail sector in recent weeks as the giants of the group gradually produced results for the all-important Christmas trading period. In general,

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Marks & Spencer and Tesco improve performance

The good news from retailers this week continued today with Marks & Spencer and Tesco reporting better than expected clothing and home sales. Marks & Spencer’s overall sales were up

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Bumper Christmas for supermarkets

Supermarkets and miners are the darlings of the markets in London this morning, as the FTSE 100 moves to another record high in early trading. Morrisons has put its best