|Bid||9.60 x 0|
|Ask||10.00 x 0|
|Day's range||9.99 - 10.00|
|52-week range||7.50 - 10.33|
|PE ratio (TTM)||5.39|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
LONDON, Oct (Shenzhen: 000069.SZ - news) 6 (Reuters) - The head of Tesco (Frankfurt: 852647 - news) 's UK business was read out "almost word by word" a report detailing a 250 million pounds ($327 million) hole in the supermarket's accounts in 2014 a week before the stock market was informed, a court heard on Friday. Amit Soni, a senior accountant at Tesco, was giving evidence for a third day at the trial of three former senior executives of Britain's biggest retailer who are accused of fraud and false accounting in 2014. Christopher Bush, 51, who was managing director of Tesco UK, Carl Rogberg, 50, who was UK finance director, and John Scouler, 49, who was UK food commercial director, all deny any wrongdoing and have pleaded not guilty.
Three former executives of Britain's biggest retailer Tesco (Frankfurt: 852647 - news) abused their positions of trust to encourage the manipulation of profit figures, lied to auditors and misled the stock market, prosecutors told a London court on Friday. The senior executives were "cooking the books" to support Tesco's share price and secure huge compensation packages, and "bullied and coerced" subordinates into compliance, lead prosecutor Sasha Wass told London's Southwark Crown Court.
Three former senior executives of Tesco (Frankfurt: 852647 - news) accused of fraud and false accounting at Britain's biggest retailer appeared on Monday in a London court. Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director, are all charged with one count of fraud by abuse of position and one count of false accounting.
Swiss food company Aryzta (IOB: 0MFY.IL - news) is shifting its focus back to just supplying businesses and ditching its foray into retailing after reporting a record billion dollar annual loss, it said on Monday. Aryzta, which supplies baked goods to stores and fast food restaurants worldwide, warned in January that its strategy of selling Otis Spunkmeyer products directly to retail customers had backfired, wiping a third off its shares that day. "Aryzta is committed to improving revenue growth by refocusing on its core strengths as a global leader in B2B (business-to-business) frozen bakery and European food solutions," it said in a statement.
Kazakhstan-focused copper miner Central Asia Metals (Stuttgart: 9C3.SG - news) said it would buy Bermuda-based Lynx Resources Ltd in a $402.5 million reverse-takeover deal from its owners. Lynx Resources, which mines zinc and lead, is owned by Bermuda-based fund Orion Co-Investments III L.P. and Swiss PE firm Fusion Capital AG. CEO Nick Clarke said the main reasons for the purchase was the low cash costs and that zinc and lead prices were forecast to remain strong in the short to medium term.
British police arrested a second man over the bombing of a London commuter train on Friday that injured 30 people and the security services lowered the threat level for an attack from its highest setting. The 21-year-old man was detained under Britain's terrorism laws in the west London suburb of Hounslow just before midnight on Saturday (Shenzhen: 002291.SZ - news) , London police said in a statement.
GlaxoSmithKline (Other OTC: GLAXF - news) said on Friday that a European Medicines Agency (EMA) panel has recommended the company's three-in-one inhaled lung drug. GSK's once-daily triple inhaler combines the drugs fluticasone furoate, umeclidinium and vilanterol. The idea is to use three different mechanisms to help open airways of patients with severe chronic obstructive pulmonary disease (COPD).
British annuity provider Just Group reported a 39 percent rise in first-half operating profit on Wednesday as new business profit more than doubled and cost savings helped drive margins higher. The company, which specialises in annuities for people with reduced life expectancy, had adjusted operating profit of 67.2 million pounds ($89 million) in the six months ending June 30. "We had a good start to the year," Just Group Chief Executive Rodney Cook said.
British wholesale gas prices mostly rose on Thursday ahead of domestic field and Russian pipeline maintenance which is expected to tighten supply. * Forecasts for colder weather after Sept. 15 and continued ...
British wholesale gas prices fell on Wednesday after a jump in pipeline flows from Norway left the transmission system heavily oversupplied. * Gas for immediate delivery had fallen 0.30 pence to 45.50 ...
The trial of three former senior executives at Tesco (Frankfurt: 852647 - news) accused of fraud and false accounting was adjourned on Monday until Sept. 25. Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director, are all charged with one count of fraud by abuse of position and one count of false accounting at Britain's biggest retailer. The case, which is due to last around 10 to 12 weeks, follows an overstatement of Tesco's profit forecast in 2014.
Three former senior executives of Tesco (Frankfurt: 852647 - news) accused of fraud and false accounting at Britain's biggest retailer are due to go on trial on Monday in a London court. Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director, are all charged with one count of fraud by abuse of position and one count of false accounting.
Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, reported its first underlying sales growth in three years on Thursday and said its back-to-basics turnaround under a new management team was working. Of Britain's big four supermarket players -– market leader Tesco (Frankfurt: 852647 - news) , Sainsbury’s, Asda and Morrisons -- Asda has been hurt the most by the rise of German discounters Aldi and Lidl as its traditional price advantage was eroded. Wal-Mart has said Asda was too slow in responding to that competition and prior to Thursday's update Asda had reported eleven straight quarters of like-for-like sales decline.
Europe's biggest online-only fashion retailer said last month that capacity constraints were slowing its growth and it is investing heavily in logistics and technology as U.S. giant Amazon makes a big push into fashion. Zalando wants to start work on large centres in Italy and Poland in the next six months to lift its sales capacity to 10 billion euros eventually from the 8 billion covered by current projects, co-chief executive Rubin Ritter said on Thursday.
The Tanzanian government and Barrick Gold (Hanover: ABR.HA - news) have started talks to resolve a tax dispute involving the Canadian company's subsidiary Acacia Mining, the president's office said on Monday. The government accuses Acacia, which is 63.9 percent owned by Barrick, of evading taxes for years by under-declaring exports and has banned exports of gold and copper concentrates. Acacia denies the accusations, which have pummelled its share price, and said last week it had been hit with a $190 billion tax bill, which is equivalent to four times the East African country's annual gross domestic product.
An earnings miss by Amazon that hit U.S. technology stocks overnight rippled through into other markets on Friday, with Asian stocks retreating from recent highs and European tech shares opening sharply lower. Amazon's stock tumbled over 2 percent on Thursday after it reported a slump in profits, as its rapid and costly expansion into new shopping categories and countries showed no sign of slowing. Amazon has been one of the companies powering the sector this year, with a 40 percent rise up until Thursday.
Damian Clarke, a former stock trader at Schroders Investment Management, must pay 350,000 pounds ($455,805) within three months or face three more years in jail for insider dealing, Britain's Financial Conduct Authority (FCA) said on Monday. Clarke (Toronto: CKI.TO - news) was sent to prison for two years in June 2016 after pleading guilty to nine counts of insider dealing. On Monday, Southwark Crown Court in London made a confiscation order for 350,000 pounds against Clarke, the FCA said in a statement.
British milkmen could be a thing of the past in some areas if a trial of driverless grocery deliveries direct to your door by online retailer Ocado gets the green light. "It seemed like a really exciting experience", Tobie Cusson said of the CargoPod trial in South London, which involved choosing from a selection of healthy treats, a collection of movie night snacks or high-end coffee and chocolates. "I despise paying delivery fees when I order online so any types of technology that can reduce the cost of providing a delivery service are very attractive to me," Cusson added.
The euro came off yearly highs on Friday but was still set for its strongest quarter in six years as investors piled into the currency on a brightening euro zone economy and its implications for monetary policy in the bloc. The single currency dropped 0.35 percent to trade at $1.1402, but in the April-June quarter the euro has climbed over 7 percent, putting it on track for its biggest quarterly gain since January-March 2011. The euro shot to one-year highs after Tuesday's speech by European Central Bank President Mario Draghi bolstered expectations that a reduction in stimulus measures would be signalled as soon as September.
Norway's Gjoea oil and gas field will remain shut until the source of gas leak that forced operator Engie to halt production on Wednesday has been found, the French company said. "Production will ...
By Steve Slater LONDON, June 15 - Standard Chartered has appointed Clare Francis as head of its global banking business for Europe, based in London. Francis will join from Lloyds Banking Group, where she ...
British Prime Minister Theresa May's Conservative party resumed talks on a deal to prop up her minority government on Wednesday as she faced a battle over her Brexit strategy just days before EU divorce talks are due to begin. As Britain entered a sixth day of political turmoil, May's team continued talks with Northern Ireland's Democratic Unionist Party (DUP) to secure their support in parliament after May failed to win a majority in Thursday's election.
Britain's Guardian newspaper will switch to tabloid format from early 2018, the newspaper's owner said on Tuesday, after deciding to outsource the printing of its two best-known titles in a bid to keep costs down. Publisher Guardian Media Group (GMG) said it had agreed a contract with Trinity Mirror (Frankfurt: 885738 - news) for it to print the Guardian and its Sunday stablemate The Observer from early 2018, when both titles will move to tabloid formats. Reuters reported in January that the newspaper was considering such a switch.
Almost half of British employers are unprepared for the government's planned changes to immigration rules after Brexit, a survey from the Resolution Foundation think tank showed on Monday. According to the survey 30 percent of companies expect freedom of movement will continue for citizens from the European Union and the European Economic Area (EU/EEA) so long as they have a job offer. The Resolution Foundation said these expectations were "totally unrealistic" given that Prime Minister Theresa May has pledged to cut immigration to the tens of thousands, regardless of businesses' demand for foreign labour.