Wednesday tips round-up: Tesco, Whitbread, Halma
17th Jun 2009 06:46
First-quarter results from supermarket group Tesco were very good but the shares are sitting at a prospective February 2010 multiple of just 12.2 times, a discount to its rivals. This discount is unwarranted. Shares in Tesco were first recommended at 329¾p in December. They remain a buy and are sti
Read moreLondon close: Footsie clings to gains
16th Jun 2009 16:39
London's benchmark index finished just above flat, reversing earlier gains, as Wall Street started in a lacklustre fashion. Tesco's first quarter trading update was well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of growth in non-food
Read moreLondon afternoon: Shares crawl higher
16th Jun 2009 14:19
London's blue-chip index edged higher over the lunch-time session, helped by expectations of a moderately firmer start on Wall Street. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of gro
Read moreLondon midday: Lloyds leads rally
16th Jun 2009 12:04
Footsie is making a valiant attempt to claw back yesterday's losses but its progress is being impeded by a weak mining sector. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of growth in n
Read moreLondon open: Steady start for Footsie
16th Jun 2009 08:39
London's blue have made modest progress despite a tough day on Wall St yesterday with good figures from Tesco giving a boost. Property group's British Land and Hammerson are the best performers this morning, but it is Tesco's figures that catch the eye. Tesco's like-for-like sales growth came in a
Read moreLondon pre-open: Flat start in store
16th Jun 2009 07:41
The UK market is set to start little changed Tuesday as most of last night's gloom on Wall Street had already been felt by the time London closed yesterday. There's bound to be heavy focus on Britain's biggest supermarket chain Tesco following its latest sales update. UK like-for-like (LFL) sales
Read moreHalma profits as expected
16th Jun 2009 07:12
Full-year profit from health and sensor group Halma came in as expected, towards the bottom end of forecasts, following weaker order intake during the second half. Profit before tax and amortisation of acquired intangibles on continuing operations rose to £79.1m in the 12 months to 28 March 2009, u
Read moreTuesday preview: Tesco, Whitbread, Halma
15th Jun 2009 17:30
The UK's leading retailer, Tesco will release first quarter sales figures on Tuesday that will dwarf those of its rivals. As ever, the market will focus on like-for-like (LFL) sales, and these are expected to pale in comparison with sector up-and-comer Wm. Morrison, which earlier this month announce
Read moreWeek Ahead: Tesco, Halma, Whitbread
12th Jun 2009 11:44
Supermarket titan Tesco gives a trading update on Tuesday and the expectations are for the market leader to again show like-for-like (LFL) sales growth that pales in comparison with sector up-and-comer Wm. Morrison, which last week announced a 9.2% year-on-year increase in LFL sales in the 13 weeks
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