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Tesco’s ten quarters of growth on the spin gives its share price another boost featured picture

Tesco’s ten quarters of growth on the spin gives its share price another boost

Supermarkets titan Tesco’s (TSCO) strong run continues with pace, sending its share price up 2.2% to 255.2p on the delivery of its tenth consecutive quarter of positive like-for-like sales growth. Chief executive Dave Lewis  is ‘delighted with initial progress’ from the acquired Booker business, itself growing rapidly and already looking a fantastic addition to the Tesco fold. TEN UP ...
PZ Cussons warns profit will hit bottom end of range amid deteriorating trading in Nigeria featured picture

PZ Cussons warns profit will hit bottom end of range amid deteriorating trading in Nigeria

Imperial Leather owner PZ Cussons (PZC) has warned anticipated pre-tax profit will be at the bottom end of its previously-guided £80m to £85m range, triggering a 5.7% fall in the shares to 219.4p. In a trading update for the year to 31 May, the personal goods manufacturer blames cost inflation exceeding wage growth, putting pressure on consumers’ buying power in Nigeria. PZ Cussons had ...
Rolls-Royce targets £400m of savings, AVEVA rallies but Petra Diamonds falls as new shares flood market featured picture

Rolls-Royce targets £400m of savings, AVEVA rallies but Petra Diamonds falls as new shares flood market

There’s a major business shake-up underway at Rolls-Royce (RR.) as the FTSE 100 aero-engineer confirms that it will cut 4,600 jobs as part of a plan to simplify its business and save £400m a year by the end of 2020. Those hoped-for streamlined costs go down well with investors, sending the stock more than 3% higher in early trade on Thursday to 854p, topping the FTSE 100 leader ...
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