Tesco Spreads Tumble on Sharp Drop in UK Retail Sales

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Tesco Spreads Tumble on Sharp Drop in UK Retail Sales

Tesco Spreads Tumble on Sharp Drop in UK Retail Sales

Daily share trading news with a look at the factors affecting the stocks and shares of the largest US, Asian and UK firms:
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UK Shares News - 07 Dec 11

» UK markets closed mostly lower yesterday, with the FTSE 100 index ending flat, as reports that Standard & Poor’s has put 15 euro nations on review for possible downgrade. This offset optimism that European leaders are progressing to take decisive action to solve the Eurozone debt crisis.

» Wolseley, the top gainer on the FTSE 100 index, climbed 3.6%, after posting a robust first-quarter result.

» Pharmaceutical major, GlaxoSmithKline gained 2.0%, buoyed by a bullish assessment and “Buy” rating at Firstcall Research.

» Peer, Shire added 1.9%, after Goldman Sachs reiterated its “Buy” rating on the stock.

» Retailers lost ground, with Sainsbury, Tesco, Next and Marks & Spencer slipping between 1.2% and 4.3%, after the British Retail Consortium data showed that UK retail sales dropped the most in six months in November.

» FTSE 100 gained marginally to close at 5,568.7, while FTSE 250 inched 0.5% lower to settle at 10,312.3.



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FTSE 250 Shares Financial Spreads: FTSE 250 Shares Markets? ETXCapital: FTSE 250 Shares Markets? IG Index: FTSE 250 Shares Markets? Capital Spreads: FTSE 250 Shares Markets? GFT: FTSE 250 Shares Markets? City Index: FTSE 250 Shares Markets?
Spread betting markets on European Shares may also be available through other companies. Notes.


US Shares News - 07 Dec 11

» US markets closed mostly higher yesterday, amid report that EU officials might be creating two independent rescue funds with a greater support from the International Monetary Fund to quell the Eurozone debt crisis.

» GE, the top performer on the DJIA index, gained 2.4%, after Bernstein raised its rating on the stock to “Outperform” from “Market Perform”.

» 3M added 1.5%, after it reaffirmed its profit outlook for the current year and forecasted 2012 earnings in line with market expectations.

» MetroPCS Communications gained 7.8, after a broker upgraded its rating on the stock to “Outperform” from “Market Perform”.

» Toll Brothers climbed 2.7%, after its fourth-quarter earnings surpassed market expectations. However, Darden Restaurants tumbled 12.4%, after it trimmed its 2012 earnings outlook.

» DJIA edged up 0.4% to close at 12,150.1. NASDAQ slid 0.2% to settle at 2,649.6. S&P 500 inched up 0.1% to end at 1,258.5.



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Wall Street Shares Financial Spreads: Wall Street Shares Markets? ETXCapital: Wall Street Shares Markets? IG Index: Wall Street Shares Markets? Capital Spreads: Wall Street Shares Markets? GFT: Wall Street Shares Markets? City Index: Wall Street Shares Markets?
S+P 500 Shares Financial Spreads: S+P 500 Shares Markets? ETXCapital: S+P 500 Shares Markets? IG Index: S+P 500 Shares Markets? Capital Spreads: S+P 500 Shares Markets? GFT: S+P 500 Shares Markets? City Index: S+P 500 Shares Markets?
Nasdaq 100 Shares Financial Spreads: Nasdaq 100 Shares Markets? ETXCapital: Nasdaq 100 Shares Markets? IG Index: Nasdaq 100 Shares Markets? Capital Spreads: Nasdaq 100 Shares Markets? GFT: Nasdaq 100 Shares Markets? City Index: Nasdaq 100 Shares Markets?
Spread betting markets on US Shares may also be available through other companies. Notes.


Asian Shares News - 07 Dec 11

» Asian markets are trading higher this morning, amid optimism that additional rescue funds might be available to stem the European sovereign debt crisis, ahead of the crucial meeting of European leaders in this week.

» In Japan, Mitsui OSK Lines and Nippon Yusen traded higher, after the former announced plans, late Tuesday, that it would jointly operate large tankers with four other firms.

» Meiji gained value, after the company reported that minute traces of radioactive contaminants in its products posed no health risks.

» In Hong Kong, Merchants Bank and Minsheng Banking paced gains, on speculation that China would lower interest rates at least two times in the coming year.

» In South Korea, energy stocks, SK innovation and S-oil traded higher, in line with a rise in crude oil prices.

» Nikkei 225 index is trading 1.2% higher, at 8,675.1. Hang Seng index is trading 0.9% higher at 19117.5, while the Kospi index is trading 0.7% higher at 1,915.8.




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'Tesco Spreads Tumble on Sharp Drop in UK Retail Sales', Article by ETX Capital, last update: 7-Dec-11



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