(TSCO.L) Tesco PLC Buy/Sell
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Trade UK shares with CFD Trading. Low commission: Equity CFDs (trade from £15)
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| Date/Time | Headline | Source |
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| 04-07-09 | AFX UK Focus |
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The Times
COME ON YOU COBBLERS
TEMPUS
COFFEE REPUBLIC SHARES SUSPENDED On Friday, Coffee Republic suspended trading in its shares after placing a subsidiary into administration and calling in law firm Osborne Clarke to act as a restructuring advisor. In an announcement to the stock market, the British coffee retailer revealed that the financial position of subsidiaries including Coffee Republic (UK) Limited was being probed and that, in anticipation of the appointment of administrators, documents had been lodged with the High Court. Steve Bartlett, Coffee Republic's chief executive, said that a restructuring program was underway and the company was looking to rid itself of underperforming UK outlets. Shares closed up two per cent. BAUGUR BOSS CHOSEN TO CHAIR HAMLEYS Baugur's former chief executive, Gunnar Sigurdsson, has been appointed the new chairman of Hamleys. Sigurdsson, who was at the helm of Baugur when it collapsed with debts of 1.3 billion pounds, is a friend of the British toy store's chief executive Gudjon Reynisson. Hamleys is understood to have had a number of Icelandic shareholders, among them Baugur. Following the investment giant's failure, the majority of Hamleys' shares are thought to be controlled by Landsbanki and Kaupthing's administration committees. PUNCH SURVIVES SHAREHOLDER VOTE
WHAT THE BROKERS SAY
TRAIN COMPANIES STAND TO RECEIVE 400 MILLION POUNDS A number of expensive rail franchises due for increased government aid could result in a further 400 million pound burden on the taxpayer. So-called "cap and collar" arrangements for major rail contracts that are honoured after approximately four years mean that the Department for Transport must cover the majority of any revenue shortfalls. With the recession making a significant dent on rail profits, there is already speculation that the government may be forced to cover as much as 80 per cent of any shortfall for companies including National Express East Anglia, Virgin Trains and, from next year, Stagecoach's South West Trains. BA SLASHES SPENDING AFTER FURTHER SLUMP IN TRAFFIC
Bank of England figures released on Friday reveal homeowners paid off a record 8.1 billion pounds from their mortgages in the first quarter of 2009. Low interest rates and a reluctance to deposit money in savings accounts are thought to be among the reasons for the increase in homeowner payments. Typically, borrowers were more likely to release equity from their properties, but this change in focus is having a detrimental effect on the retail sector, according to Catherine Matthews, a partner at the licensed insolvency practitioner Tomlinsons. "This process is good news for homeowners but bad news for the average UK business, which is being strangled by fragile consumer confidence and limited spending on the high street," she said.
($1=.6093 Pound)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 04-07-09 | AFX UK Focus |
|
|
The Times
COME ON YOU COBBLERS
TEMPUS
COFFEE REPUBLIC SHARES SUSPENDED On Friday, Coffee Republic suspended trading in its shares after placing a subsidiary into administration and calling in law firm Osborne Clarke to act as a restructuring advisor. In an announcement to the stock market, the British coffee retailer revealed that the financial position of subsidiaries including Coffee Republic (UK) Limited was being probed and that, in anticipation of the appointment of administrators, documents had been lodged with the High Court. Steve Bartlett, Coffee Republic's chief executive, said that a restructuring program was underway and the company was looking to rid itself of underperforming UK outlets. Shares closed up two per cent. BAUGUR BOSS CHOSEN TO CHAIR HAMLEYS Baugur's former chief executive, Gunnar Sigurdsson, has been appointed the new chairman of Hamleys. Sigurdsson, who was at the helm of Baugur when it collapsed with debts of 1.3 billion pounds, is a friend of the British toy store's chief executive Gudjon Reynisson. Hamleys is understood to have had a number of Icelandic shareholders, among them Baugur. Following the investment giant's failure, the majority of Hamleys' shares are thought to be controlled by Landsbanki and Kaupthing's administration committees. PUNCH SURVIVES SHAREHOLDER VOTE
WHAT THE BROKERS SAY
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
||
| 04-07-09 | AFX UK Focus |
|
|
The Times
COME ON YOU COBBLERS
TEMPUS
COFFEE REPUBLIC SHARES SUSPENDED On Friday, Coffee Republic suspended trading in its shares after placing a subsidiary into administration and calling in law firm Osborne Clarke to act as a restructuring advisor. In an announcement to the stock market, the British coffee retailer revealed that the financial position of subsidiaries including Coffee Republic (UK) Limited was being probed and that, in anticipation of the appointment of administrators, documents had been lodged with the High Court. Steve Bartlett, Coffee Republic's chief executive, said that a restructuring program was underway and the company was looking to rid itself of underperforming UK outlets. Shares closed up two per cent. BAUGUR BOSS CHOSEN TO CHAIR HAMLEYS Baugur's former chief executive, Gunnar Sigurdsson, has been appointed the new chairman of Hamleys. Sigurdsson, who was at the helm of Baugur when it collapsed with debts of 1.3 billion pounds, is a friend of the British toy store's chief executive Gudjon Reynisson. Hamleys is understood to have had a number of Icelandic shareholders, among them Baugur. Following the investment giant's failure, the majority of Hamleys' shares are thought to be controlled by Landsbanki and Kaupthing's administration committees. PUNCH SURVIVES SHAREHOLDER VOTE
WHAT THE BROKERS SAY
TRAIN COMPANIES STAND TO RECEIVE 400 MILLION POUNDS A number of expensive rail franchises due for increased government aid could result in a further 400 million pound burden on the taxpayer. So-called "cap and collar" arrangements for major rail contracts that are honoured after approximately four years mean that the Department for Transport must cover the majority of any revenue shortfalls. With the recession making a significant dent on rail profits, there is already speculation that the government may be forced to cover as much as 80 per cent of any shortfall for companies including National Express East Anglia, Virgin Trains and, from next year, Stagecoach's South West Trains. BA SLASHES SPENDING AFTER FURTHER SLUMP IN TRAFFIC
Bank of England figures released on Friday reveal homeowners paid off a record 8.1 billion pounds from their mortgages in the first quarter of 2009. Low interest rates and a reluctance to deposit money in savings accounts are thought to be among the reasons for the increase in homeowner payments. Typically, borrowers were more likely to release equity from their properties, but this change in focus is having a detrimental effect on the retail sector, according to Catherine Matthews, a partner at the licensed insolvency practitioner Tomlinsons. "This process is good news for homeowners but bad news for the average UK business, which is being strangled by fragile consumer confidence and limited spending on the high street," she said.
($1=.6093 Pound)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
||
| 04-07-09 | AFX UK Focus |
|
|
The Times
COME ON YOU COBBLERS
TEMPUS
COFFEE REPUBLIC SHARES SUSPENDED On Friday, Coffee Republic suspended trading in its shares after placing a subsidiary into administration and calling in law firm Osborne Clarke to act as a restructuring advisor. In an announcement to the stock market, the British coffee retailer revealed that the financial position of subsidiaries including Coffee Republic (UK) Limited was being probed and that, in anticipation of the appointment of administrators, documents had been lodged with the High Court. Steve Bartlett, Coffee Republic's chief executive, said that a restructuring program was underway and the company was looking to rid itself of underperforming UK outlets. Shares closed up two per cent. BAUGUR BOSS CHOSEN TO CHAIR HAMLEYS Baugur's former chief executive, Gunnar Sigurdsson, has been appointed the new chairman of Hamleys. Sigurdsson, who was at the helm of Baugur when it collapsed with debts of 1.3 billion pounds, is a friend of the British toy store's chief executive Gudjon Reynisson. Hamleys is understood to have had a number of Icelandic shareholders, among them Baugur. Following the investment giant's failure, the majority of Hamleys' shares are thought to be controlled by Landsbanki and Kaupthing's administration committees. PUNCH SURVIVES SHAREHOLDER VOTE
WHAT THE BROKERS SAY
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| Fri 19:29 |
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"I think even a half wit could have made a successful CEO of Tesco over the last 10 years."
b****cks! More | View thread (6) | Respond | Login to Vote up | Login to Vote down |
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| Fri 19:15 |
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You ask the right questions; shouldn't the first, how do they get to become CEO in the first place? You either get a job because it's who you know (what secret craft ((Opus Dei, Mason)) you belong to) or you actually do pocess true great qualities. Shouldn't becoming a CEO of a FTSE100 be voted upon? The prospective CEO has to sell himself to share holders what he/she hopes to acheive & how. Look how many women & black people are directors & CEO's of FTSE 100/250 companies! It's nothing short of an embarrassment. They all claim to be equal rights employers but not in the golden circle.
Democracy is just an ideology, Nettle. I'm not sure the little share holder actually cares how much the directors, CEO gets paid as long as their SP is doing OK. The problems arise when profits tank & the CEO is still awading himself £m. Can the little share holder actually give a figure what Leahy is actually worth to them? I think even a half wit could have made a successful CEO of Tesco over the last 10 years. The real qualities of how good a CEO Leahy actually is will come over the next 5 years. Leahy has started to take a lot of risks. Investing in America & banking. If what they're are talking about 15% teir 1 core ratios in banking prove to be correct then margins in banking will be very thin. He has borrowed a lot whether this is a success of failure will not be known for quite a few years but there are not many CEO's in any business that have chased & chased share holder value which has not in the end failed. More | View thread (6) | Respond | Login to Vote up | Login to Vote down |
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| Fri 15:54 | ||||
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Hardcore,
"The thing is would most people bother to vote if insitutions were forced into into letting their clients vote?" I wasnt proposing that there would have to be a mechanism put in place to allow the actual beneficial holders to vote, though companies could do that if they wanted to. What I was proposing was to stop fund managers voting with other peoples shares! "Clearly there are question marks over the boards pay but what can you really do? " This is the whole point of the post. You stop fund managers and the like voting on shares that are not theirs. That leaves the small shareholders (or very rich private shareholders) to vote on things like remuneration. Then excesses such as this would stop. At the moment the small shareholder is being ripped off bit by bit. The board place lucrative business with investment banks that vote with stolen votes to give them big pay rises. All that money belongs to the shareholders, but is stolen via the stolen votes. "Do you think an extra £1m gives them more hapiness every year?" Yes it does. Freedom is all about choice. The more choice you have, the freer you are, and the better your life is. £1m a year gives you a lot of choice. And this is wrong when that £1m is actually stolen from others. More | View thread (6) | Respond | Login to Vote up | Login to Vote down |
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