Morrisons takeover talk lifts London shares
South African billionaire Wiese said to be interested in UK supermarkets
Company
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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South African billionaire Wiese said to be interested in UK supermarkets
Supermarket group names MBK Partners as preferred bidder, according to reports
Investors are taking money off the table ahead of the long weekend, and it is hard to blame them after a tumultuous week.
Spare a thought for China's richest man, who dropped more than US$3.6bn yesterday in the stock market crash.
Market research group Kantar Worldpanel says supermarkets have become used to pedestrian growth rates
The People’s Bank of China cut its main interest rate by from 4.85% to 4.6%, doing its bit to shore up confidence
Asda was hit hard by lower prices and slow growth which saw sales drop 2.7%.
Investments and investor services
In the UK, the FTSE 100 climbed 50 points by lunch to sit at 6,727.
ABF said Primark stores in Spain, Portugal and Ireland performed very strongly
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London’s stocks rallied strongly as George Osborne delivered the first Conservative Party Budget for twenty years.
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Footsie was 22 points higher at 6,454 despite another torrid night for shares in Asia and more uncertainty over Greece.
George Osborne delivered the first Conservative Party budget for 20 years.
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Footsie was 29 points lower at 6,591 having clawed back ground on talk of a Greek compromise..
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FTSE10O was lower as supermarkets and Greece were in focus.....
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The full weight of the Greek saga made its presence felt on Footsie at the close....
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US shares start positively despite Greece; Nike results cheer
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FTSE100 was 53 points lower at 6,755 as the Greece saga rumbled on.
Investments and investor services
Tesco is a top riser on the FTSE 350 by virtue of things getting worse at a slower rate than previously.
CEO Dave Lewis says it is a step in the right direction
FTSE 100 ends lower as reaches last chance saloon - again...