The supermarket chain Morrisons enjoyed a day in the sun last week after it unveiled a 25-year, £170m licensing deal with Ocado to help it launch food online next year. But yesterday, the UK's fourth-biggest grocer was back in the shade after an institutional investor offloaded a large chunk of shares. Morrisons fell 6.7p to 282.6p, while traders waking up to mixed sales data from the supermarket might have also decided to put their money in the baskets of rivals Sainsbury's and Tesco.
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Friday 26 October 2012
An alleged rogue trader wept as he gave evidence today as a court heard how his actions threatened to lose his employer £7.5bn.
Saturday 04 August 2012
US Outlook Si ves algo, di algo. If you see something, say something. It's written in all the subway cars here in New York City, a reminder we mustn't ignore suspicious packages or suspicious passengers. And as we trundled towards Wall Street station on Wednesday, I couldn't but think of it as a warning to stock-market investors, too. Si ves algo, di "algo".
Wednesday 01 August 2012
Outlook You know how it is. You're on the telephone, or online, trying to order something and it all goes kaput because someone's system doesn't work properly.
Tuesday 31 July 2012
Banking group UBS claimed today that the botched stock market listing of social networking giant Facebook cost it 349 million Swiss francs (£227 million).
Saturday 28 July 2012
The six men in the so-called "print room" insider trader ring were yesterday jailed for up to three-and-a-half years for what the judge called deliberate, planned and dishonest share dealing.
Thursday 19 July 2012
Reed Elsevier led the blue-chip decliners yesterday as investors in the publisher baulked at the European Commission's decision to give free access to all research funded by European taxpayers.
Sunday 08 July 2012
Friday 15 June 2012
The Swiss central bank has called on Credit Suisse to stage a "marked increase" its capital levels this year in preparation for the potential worsening of the eurozone crisis.
Wednesday 13 June 2012
The man accused of Britain's biggest bank fraud was freed on bail in farcical scenes yesterday ahead of his trial which is due to start in September.
Thursday 24 May 2012
A much-hyped listing swiftly followed by the share price plummeting – sound familiar? As the fall-out from the Facebook IPO continues to rumble on, today marks the one-year anniversary of another debut that has not exactly lived up to expectations. After a massive float worth £37bn, official trading of shares in Glencore International began exactly 12 months ago. However, you could forgive those investors who got in at the start for not blowing out the candles on the cake with too much enthusiasm.
Friday 18 May 2012
London has seen a surge in building work in the past six months despite the UK's slide back into recession, as developers look to cash in on a shortage of office space.
Thursday 03 May 2012
UBS, the banking giant still reeling from an extraordinary rogue trading scandal, recorded another tumble in profits yesterday and said it was cautious about global markets.
Friday 27 April 2012
Is there light at the end of the tunnel for Weir Group? Events across the Atlantic have been knocking the pump manufacturer recently, prompting the stock to drop by around 25 per cent in just two months. Yesterday, however, the firm was attempting a rally amid claims the run of bad news is drawing to a close.
Thursday 26 April 2012
Could it be time for Kesa Electricals to bid arrivederci to Italy? Having recently managed to exit the UK by selling its struggling Comet chain for the nominal price of £2, yesterday the retailer was under pressure to get out of another European country.
- 1 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
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