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BRENTWOOD, Tenn.-- Tractor Supply Co. said Wednesday that third-quarter profit rose 17 percent on strong sales of pet- and animal-related merchandise at its farm stores. Tractor Supply said it expected to earn between $3.63 and $3.69 per share this year, compared with a previous prediction of $3.58 to $3.66 per share.
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.
Oct 9- Tractor Supply Co:. *Suntrust Robinson raises Tractor Supply Co price target to $120 from. Reuters Station users, click. 1568.
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.
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.
Oct 1-:* Seymour Pierce cuts Tesco to reduce from hold. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Tractor Supply is exactly the kind of company that can keep working, even if Europe can't get its act together, says Mad Money's Cramer. That's why it's a buy here, and investors might want to buy more on the way down.