European shares closed higher on Wednesday, as better-than-expected Chinese growth data and a slew of earnings releases buoyed sentiment.» Read More
Foreign retail companies could soon be free to move onto Indian soil after parliament voted to allow foreign direct investment in a fiercely contested debate on Wednesday evening.
Britain's Tesco, the world's No. 3 retailer, has launched a strategic review of its loss-making United States chain Fresh & Easy.
Here's a look at the Appleseed Fund, one of the strongest performers in the mid-cap value stock mutual fund category over the latest 5- year period, according to Morningstar. MANAGERS: Bill Pekin; Rick Singer; Adam Strauss; Joshua Strauss; Ronald Strauss. _ Sprott Physical Gold Trust.
BOSTON-- The Appleseed Fund is unusual, and not just because of its strict socially-responsible investing mandate. One reason Morningstar analysts give the fund a bronze-medal rating is its nearly 7 percent average annualized return over five years, a period that includes the 2008 stock market meltdown.
Shares in WM Morrison fall 1.3 percent, topping the FTSE 100 fallers list, after Credit Suisse reduces its rating for Britain's No. 4 grocer to "neutral" from "outperform" on valuation grounds, according to traders. Credit Suisse also cuts its earnings estimates for Morrison by up to 3 percent and lowers its target price to 290 pence from 320 pence.
Oct 11- WH Smith Plc said Chief Executive Kate Swann will step down on June 30, after running the books and stationery retailer for a decade, sending its shares down as much as 7 percent. Steve Clarke, managing director of the company's High Street division, will take over from Swann on July 1.
LONDON, Oct 10- Controversial former Conservative Party deputy chairman Lord Ashcroft on Wednesday uncorked plans to tap into Britain's burgeoning sparkling wine industry.
DHAKA, Oct 9- Bangladesh's exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Total exports for July-September, the first quarter of Bangladesh's financial year, were up 2.1 percent to $6.29 billion.
LONDON, Oct 8- Tesco PLC:.
Sunday Times GERMAN THREAT TO BLOCK BAE DEAL Germany has threatened to scupper the 28 billion pound merger of BAE Systems and EADS unless the headquarters of the combined company is located in Munich.
LONDON, Oct 4- Britain's FTSE 100 share index stalled near the top of its recent range on Thursday, supported by prospects of global central bank stimulus but struggling to break fresh ground ahead of a potentially gloomy earnings season.
*Natixis cuts Tesco PLC to reduce from neutral* Natixis cuts Tesco PLC price target to 300 p from 320 p. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*UBS raises Tesco PLC price target to 350 p from 325 p; rating neutral. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Rail passengers face years of uncertainty over who will run some of Britain's busiest train routes after the Government admitted a huge blunder in awarding the franchise for the West Coast main line. FirstGroup is considering legal action against the Department for Transport after it pulled the controversial West Coast rail bid.
European markets ended mixed on Wednesday after Spain’s Prime Minister Mariano Rajoy denied reports that he would be seeking a bailout for Spain this weekend.
named the former head of Tesco's UK business as its new chief executive on Wednesday, as the country's No.2 grocer struggles to regain market share and fend off competition from U.S. giant Wal-Mart. Brasher will take charge of a retailer that has lost market share to domestic rivals and is now facing further pressure from Wal-Mart Stores Inc.
JOHANNESBURG, Oct 3- Richard Brasher, the former UK head of Tesco, has been appointed chief executive of South Africa's No.2 grocer Pick n Pay as the retailer looks for ways to regain domestic market share and fend off encroachment from U.S. giant Wal-Mart.
LONDON-- Tesco PLC, Britain's largest supermarket operator, has reported a 12 percent fall in half yearly pre-tax profit to 1.7 billion pounds, as a downturn in Asia and Europe offset stronger sales in Britain. Group sales were up 1.4 percent to 36 billion pounds in the half-year period, while sales in Britain rose 2.2 percent to 23.9 billion pounds.
A series of recent investor meetings with Fitch's EMEA Food Retail team in London, Frankfurt, and Paris underlined that investors are concerned to what extent ratings are at risk due to increased business and credit risks for European food retail companies.
COMPANIES REPORTING: BMO Q4 2012 Monsanto Co BMO Q4 2012 Family Dollar AMC Q3 2012 Marriott International MAJOR MACROECONOMIC DATA/EVENTS: 0743 IT Markit/ADACI services PMI Sep 0743 FR Markit services, composite PMI sep 0753 DE Markit services PMI Sep 0758 EZ Markit services, composite PMI Sep 0828 GB Markit/CIPS services PMI Sep 0900 EZ Retail sales Aug 1215 US ADP National employment Sep 1400 US ISM non-manufacturing PMI, business activity Reuters messaging rm:// firstname.lastname@example.org.