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FTSE100 closes flat with miners the big gainers
Miners were the big risers of the day but Footsie finished flat at 6,325 after some volatile trading at the end of play.
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LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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Miners were the big risers of the day but Footsie finished flat at 6,325 after some volatile trading at the end of play.
Investments and investor services
The FTSE 100 Index lifted 41.87 points to 6368 in early afternoon trading
There was a mixed bag attracting interest in web world today...
Investments and investor services
The price of a barrel of Brent crude increased 1.5% to US$52.7
Profits more than halved in the first half of this year...
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Resource stocks returned to favour, pushing the top-share index into positive territory
The pressure is on for Tesco, after Sainsbury's surprised to the upside with its results last week.
Interim results are due on Wednesday and investors will look for improvement on last year’s horror show.
Tesco is far from out of the woods, according to Cantor Fitzgerald, which wants the retailer to set out its turnaround plans stretching forward to 2020.
News of lower US oil production capacity buoyed markets
Glencore CEO Ivan Glasenberg is reportedly ready to listen to takeover offers
The markets are expected to continue to react positively to a seemingly negative nugget of US data released last week.
Tesco and Vedanta catch the eye next week which kicks off with the Conservative party conference.
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Companies covered: HSBC, Learning Technologies Group, Sainsbury's, Tesco, Wolseley
Sainsbury's fuelled rise by forecasting annual profits above expectations
Investments and investor services
Sainsbury's forecasted annual profits above expectations
Supermarket chain said full-year pre-tax profit was set to top expectations
Investments and investor services
Unless you were a holder of resource stocks or supermarket shares, it was another glum day in the markets
Regulator said it did not expect deal to reduce competition
The supermarket group will receive net cash of £3.35bn, while overall debt will be reduced by £4.26bn.