Tesco slashes profit forecast and dividend as trading declines

Britain’s biggest retailer, Tesco slashed its interim dividend by 75% as tough trading conditions forced it to cut its profit forecast for the second time in two months. Tesco, which warned on profits in July as it ousted chief executive Phil Clarke, also said his Read more…

The big four supermarkets feel a ‘Lidl’ pressure

The German discounter’s sales to reach £4bn this year as Lidl prepares to launch a £20m high profile marketing campaign called LidlSurprises. The big four, Tesco, Sainsburys, Asda and Morrisions have all lost market share to the likes of Lidl and Aldi who both have Read more…

27/08/14 Market Movements

The FTSE100 finished up 7.9 points at 6830.66 , a lower hike compared to yesterday’s figures as the rally that propelled the S&P 500 Index above a record 2,000 lost a little bit of momentum today as it fell 0.1%. Euro zone government bond yields Read more…

S&P 500 Breaks through 2000 (just!)

US stocks closed higher yesterday, with the S&P 500 index closing above 2,000 for the first time ever. Investors pushed the S&P 500 up just enough to lead the index to close at the record-breaking 2,000.02 for the day. The Dow Jones industrial average gained Read more…

Not tonight, Darling

Scottish nationalist leader, Alex Salmond regained momentum in his push to win independence from the U.K. after viewers judged him the clear winner against ‘No’ campaign leader Alistair Darling. A snap poll of 505 people by ICM Research for the Guardian newspaper, found 71% said Read more…