Share News: Tesco Changes Domestic Board For New UK CEO's Arrival
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Share News: Tesco Changes Domestic Board For New UK CEO's Arrival

Share News: Tesco Changes Domestic Board For New UK CEO's Arrival

UK Share Trading News UK Shares News US Share Trading News US Shares News European Share Trading News European Shares News


A daily look at the leading shares in the UK, US and the rest of the world sponsored by paddypowertrader. For today’s view see Shares Markets.

Share Trading - 7 Jan 2011


UK Share Trading News UK Share Trading News

  • UK Banks – The FSA’s Turner has said the FSA may seek powers to block hostile bank buys. (Sources)

  • Tesco – Co. has revamped the leadership of its domestic board ahead of the arrival of its new UK chief executive, according to a co.’s statement. (RTRS)

  • Marks & Spencer – Co. was the subject of takeover speculation yesterday. (FT - More)

  • ENRC – Co. has been in talks about relocating to Switzerland. (Sky News)

  • Smith & Nephew – Co. was said to have rejected a £8.00/shr bid approach from Merck. (Times)

  • Wellstream – Co. expects 2010 earnings to be ahead of its expectations, most significantly caused by strong H2 performance in its Brazilian operations. (Sources)

For more on spread betting on UK shares see:
US Share Trading News US Share Trading News

  • Equity markets had a mixed performance with The S&P 500 and Dow Jones closing in minor negative territory, but a strong performance from the technology stocks helped the Nasdaq 100 outperform and close higher. Microsoft (+2.89%) led the moves higher after reporting they have shipped 8m Kinect sensors and their next version of their Windows operating will run on ARM microchips.

    Telecomms stocks lagged behind in the S&P 500 with AT&T (-2.77%) and Verizon -3.82%) two of the worst performing stocks in the S&P 500 after going ex-dividend.

    Finally, at the closing bell DJIA closed down 0.24% at 11694.82, S&P 500 closed down 0.22% at 1273.71 and NASDAQ 100 closed up 0.31% at 2277.51. (RANsquawk)

  • JP Morgan Chase / Morgan Stanley – Chinese securities regulator on Friday approved the joint ventures of JP Morgan and Morgan Stanley, bringing the banks a step closer towards operating securities businesses in China that they, and other banks, have long sought. (RTRS)

  • Citigroup – Co. is seeking buyers for CitiFinancial. (FT - More)

  • Research In Motion – Co. will begin selling its 7-inch BlackBerry Playbook very soon. (China Business News)

  • AIG – The board of bailed out insurer on Thursday approved a dividend for shareholders that assumes its recapitalisation plan will close as soon as next week. (RTRS)

For more on spread betting on US shares see:
European Share Trading News European Share Trading News

  • EADS – Arnaud Lagardere is aiming to become Co.’s chairman in 2012. (Les Echos)

  • Telefonica – Co. plans to invest USD 700m in Chile this year in order to strengthen the broadband business, according to the chairman of co.’s Chile unit. (RTRS)

  • ENI – Petrobras may be interested in the Co’s stake in Galp Energia. (Jornal de Negocios)

  • Dexia – Co. has once again denied rumours regarding an imminent capital increases. (De Tijd)

  • Novartis – EU has approved a broader application of Co.’s drug to treaty visually impaired patients. (Sources)

  • Roche – Co. sales of Tamiflu down 68.75% Y/Y in 2010. (Sources)

For more on spread betting on European shares see:


Data provided by RANsquawk. The above comments do not constitute investment advice. Paddypowertrader, RANsquawk and Clean Financial do not accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided. All reasonable efforts have been made to present accurate information.


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Article edited by paddypowertrader which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.

'Share News: Tesco Changes Domestic Board For New UK CEO's Arrival' edited by paddypowertrader, updated 07-Jan-11



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