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☆ I went to one of the first TikTok Live studios. Here's what it was like and what the livestreamers do.
▼ + stars: | 2024-04-30 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

Read previewNoah Cameron Maydale and Francesca Batley do livestreaming on TikTok for a living. Maydale (who goes by @knowasound, or just Noah, on TikTok) and Batley, whose stage name is Fairie (@fairiefairie on TikTok), are two of the first creators to join a relatively new program started by TikTok agency GravitasQ. TikTok livestreaming in the UK has been growing faster than the company's ads business, company filings show. In-person live studios are a recent addition to TikTok's strategy and one that the company has been developing with select agencies. Here's what it looked like and what Fairie and Noah were doing there at the end of April.

Persons: —, Noah Cameron Maydale, Francesca Batley, @knowasound, Noah, TikTok, Dipesh Pattni, Pattni, Fairie, Emilia Harker, Sitesh, they'd, I'm, Fairie's, livestreamers, you've Organizations: Service, Business, Tesco Locations: livestreaming, Hemel Hempstead, London, Batley

☆ Barclays swings back to profit in first quarter amid strategic overhaul
▼ + stars: | 2024-04-25 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data. Barclays reported a net loss of £111 million in the fourth quarter of 2023 due to an operational shake-up designed to reduce costs and improve efficiencies. The overhaul saw the reorganization of the business into five operating divisions, separating the corporate and investment bank to form: Barclays U.K., Barclays U.K. Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays U.S. Consumer Bank. The bank also pledged to return £10 billion to shareholders between 2024 and 2026 through dividends and share buybacks.

Persons: C.S, Venkatakrishnan, — CNBC's Elliot Smith Organizations: LONDON, Barclays, Reuters, Tesco Bank, Corporate Bank, Barclays Private Bank, Wealth Management, Barclays Investment Bank, Barclays U.S . Consumer Bank

☆ Tesco and Sainsbury’s working to fix technical issues that suspended food deliveries to customers
▼ + stars: | 2024-03-16 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Some of the United Kingdom’s largest supermarket chains are grappling with technical issues that have left customers without grocery deliveries and unable to make contactless payments. Sainsbury’s, which owns 600 grocery stores and 800 convenience locations across the country, said on Saturday that “an error with an overnight software update” has prevented the company from fulfilling “the vast majority” of grocery deliveries to customers. Sainsbury’s did not specify how many customers were affected. The malfunction only affected a small portion of orders, and impacted customers have not been charged. In-store shopping and placing online orders are not affected, Tesco said.

Persons: Sainsbury’s, Sainbury’s, McDonald’s Organizations: New, New York CNN, United Kingdom’s, CNN, Tesco Locations: New York, United States, Australia, Japan, Hong Kong, United Kingdom

☆ A cleaner is fighting back after she was fired for eating a leftover tuna sandwich she found in a law firm's meeting room
▼ + stars: | 2024-02-20 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A cleaner at a London law firm was fired for eating a leftover tuna sandwich. The law firm and the private contractor that employed her are being taken to an employment tribunal. AdvertisementA cleaner was fired for eating a leftover tuna sandwich she found in a meeting room at the top London law firm, according to the legal affairs website RollOnFriday. The website said that the woman's employer, private contractor Total Clean, fired Gabriela Rodriguez, a single mother from Ecuador, just before Christmas last year. It said Rodriguez was fired after eating a discarded tuna sandwich from British supermarket chain Tesco, worth about $1.90, which was left behind after a meeting.

Persons: —, Gabriela Rodriguez, Rodriguez, Devonshires, RollOnFriday, UVW, Petros Elia, UVW's, Elia, Gabriela Organizations: Service, Tesco, Devonshires Solicitors, Business, United, Guardian Locations: London, Ecuador

☆ Why are shopping carts always broken?
▼ + stars: | 2024-02-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

The notoriously combative wheels are actually created by the repeated battering that shopping carts are often subject to, explained Alex Poulos. Rogers, which supplies thousands of shopping carts to companies like Whole Foods, Tractor Supply Company and Meijer. Customers push shopping carts outside a Lidl Stiftung & Co. KG supermarket in Berlin, Germany, on Tuesday, Oct. 4, 2022. The ethics of returning shopping cartsConsumers bear some of the responsibility for the banged up and broken qualities of their shopping carts. A supermarket employee returns shopping carts in the Market Basket parking lot in Plymouth, Massachusetts, during a fast-moving winter storm that hit the US Northeast February 13, 2024.

Persons: New York CNN —, Alex Poulos, Poulos, Rogers, Krisztian Bocsi, ”, Alvar Diaz, Christopher Furlong, they’re, Beth Thieme, Ken McGagh, Diaz Organizations: New, New York CNN, R.W, Tractor Supply, Meijer, CNN, Customers, Stiftung, KG, Bloomberg, Getty, Aldi, Tesco, Lidl, Amigo Mobility, Reuters Retailers, Walmart, Target Locations: New York, Berlin, Germany, Europe, Tarleton, United Kingdom, United States, Plymouth , Massachusetts

☆ Ex-Goldman Sachs analyst found guilty of insider dealing
▼ + stars: | 2024-02-15 | by ( ) edition.cnn.com time to read: +2 min

London — A former Goldman Sachs analyst was convicted Thursday of using inside information to buy shares in listed companies and make more than 140,000 pounds ($175,650). Mohammed Zina, 35, was employed by Goldman Sachs International, a subsidiary of the bank, in London. A Goldman Sachs spokesperson said: “Mohammed Zina betrayed the trust we placed in him, and his misuse of client information was in direct contradiction of our values. Prosecutor Peter Carter told jurors at the start of the trial that Mohammed Zina had used “private, confidential, price-sensitive information” to invest on the stock exchange. He said the internal policies of Goldman Sachs strictly forbid any use of confidential information acquired by the investment bank or its employees.

Persons: Goldman Sachs, Mohammed Zina, SoftBank, Zina, “ Mohammed Zina, Steve Smart, Suhail Zina, Clifford Chance, Peter Carter Organizations: London, Goldman, Goldman Sachs International, Prosecutors, Tesco Bank, UK Financial, Authority, Southwark Crown Locations: London, British, Southwark

☆ Some low-performing bankers are getting $0 bonuses this year
▼ + stars: | 2024-02-09 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Barclays plans to cut bonuses for underperforming investment bankers amid a capital markets slump. The plan could lead to more departures after pay cuts and restructuring shook the bank. Barclays' stock has lagged behind rivals, which some say is due to its bloated investment banking arm. Those departures were spurred by a shake-up in Barclays' investment banking arm, which included pay cuts as high as 40% for some managing directors. A similar crisis occurred in 2019 after the head of the investment banking unit stepped down unexpectedly.

Persons: —, Paul Compton, Goldman Sachs, J.P, Morgan Chase Organizations: Barclays, Service, Bloomberg, Business, Wall Street Journal, Tesco

European markets closed lower Thursday after U.S. inflation came in above expectations. After a choppy session, the regional Stoxx 600 index finished 0.77% lower, with all sectors in the red. December's U.S. inflation report showed an increase in consumer prices of 0.3% on the month and 3.4% year-on-year. "While the critical core inflation measure, which strips out volatile items such as food and energy, continues to ease from its highs, the downward trend in this measure also appears to have stalled. U.S. stocks also turned lower on Thursday morning as Wall Street digested the inflation data and the start of the fourth-quarter earnings season.

Persons: Spencer, Dow Jones, Matthew Ryan Organizations: Bank, Marks, Tesco, Investors, Federal Reserve, Nikkei Locations: U.S, Asia

☆ People are divided over grocery-store worker who objected to a mom letting her kid eat baby food she hadn't bought yet
▼ + stars: | 2024-01-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

A mom on TikTok described a confrontation with a cashier in a grocery store in England. She said the worker didn't like that she let her son eat two packs of baby food before paying. AdvertisementA mom spoke out on TikTok after being upset by the way she was treated at a grocery store after she let her son eat baby food before she paid for it. She said the cashier was "rude" and "judgemental" when she passed her the empty pouches to scan and pay for. The cashier, Mary said, "literally gave me the most disgusted look, didn't say a word, scanned them, and threw them in the bin."

Persons: TikTok, —, Samantha Mary, Jack, I've, Mary, Mary didn't, didn't, Jack wasn't, Mary said, Jack hadn't, Bonnie Madison, doesn't, I'm, Madison, she's, It's Organizations: Service, Tesco, Business, Madison Locations: England

☆ Barclays shares slip after major backer Qatar cuts stake
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Qatar Investment Authority, the state sovereign wealth fund which owns Qatar Holding, did not respond to a request for comment. The share sale comes as Barclays embarks on a shake-up to cut costs and revive its share price, which has halved since Qatar first invested in 2008. Barclays' stock fell as much as 4.5% in early trading and was last down 2.5% at 1007 GMT. Qatar became Barclays' largest shareholder during the 2008 financial crisis when it injected 4 billion pounds into the UK bank in a deal that helped avert a taxpayer bailout. Britain's financial watchdog later fined Barclays $55 million for fees paid to Qatari entities in the 2008 fundraising, which Barclays said it would appeal.

Persons: Venkatakrishnan, Vekatakrishnan, Iain Withers, Sinead Cruise, Pablo Mayo Cerqueiro, Lawrence White, Danilo Masoni, Andrew Mills, Kirsten Donovan, Emelia Organizations: Barclays, Qatar, Reuters, Qatar Investment Authority, Qatar Holding, Thomson Locations: Qatar, Germany, London, Milan, Doha

A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsDec 4 (Reuters) - Qatar Holding is looking to sell around 510 million pounds ($643.72 million) of shares in Barclays (BARC.L), one of the banks acting on the deal said on Monday, cutting back on its crisis-era investment in the British bank. The deal is set to price at 141 pence per share, or a discount of about 1.4% to Barclays' closing share price on Monday. The share sale comes as Barclays is striving to revive its share price, which has halved since Qatar first invested in 2008. Qatar has previously cashed in on warrants acquired through the capital injection.

Persons: Peter Nicholls, Pablo Mayo, Juby Babu, Anil D'Silva, Jane Merriman, Josie Kao Organizations: Barclays Bank, REUTERS, Barclays, Qatar, Venkatakrishnan, Reuters, Pablo Mayo Cerqueiro, Thomson Locations: London, Britain, Qatar, British, Germany, Bengaluru

☆ Goldman Sachs analyst used inside information for profit, London court told
▼ + stars: | 2023-11-30 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

LONDON, Nov 30 (Reuters) - A former Goldman Sachs (GS.N) analyst used confidential information to make more than 140,000 pounds ($176,800) from shares in listed companies, prosecutors told a London court on Thursday. Prosecutor Peter Carter said the brothers "used information which they should not have used – because it was private, confidential, price-sensitive information – to gamble effectively, to invest on the stock exchange". He told the jury that Goldman Sachs' internal policies strictly forbid any use of confidential information acquired by the investment bank or its employees. "To breach a confidence or to use confidential information improperly or carelessly would be unthinkable," the policy says. Carter said the policy was clear that employees are not allowed to use confidential information "other than for your work at (Goldman Sachs) and nothing else".

Persons: Goldman Sachs, Mohammed Zina, Zina, Suhail Zina, Clifford Chance, Mohammed, Peter Carter, Carter, Sam Tobin, Bill Berkrot Organizations: Goldman, Goldman Sachs International, Arm Holdings, Southwark Crown, Tesco Bank, Thomson Locations: London, Southwark

☆ Barclays in talks to buy Metro Bank's mortgage book worth $3.74 bln - Sky News
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsNov 27 (Reuters) - Britain's Barclays (BARC.L) is in exclusive talks to buy embattled lender Metro Bank's (MTRO.L) 3 billion pound ($3.74 billion) residential mortgages portfolio, Sky News reported on Monday. Both Barclays and Metro Bank declined to comment. The report comes after Britain's best-known challenger bank announced a 325 million pound capital raise and 600 million pound debt refinancing in early October, in a bid to bolster its finances. Last month, Santander's (SAN.MC) chief executive officer Hector Grisi had said the Spanish bank may consider looking into acquiring a mortgage portfolio from Metro.

Persons: Peter Nicholls, Britain's, Jaime Gilinski, Hector Grisi, Eva Mathews, Anil D'Silva, Shilpi Majumdar Organizations: Barclays Bank, REUTERS, Britain's Barclays, Metro, Sky News, Barclays, Metro Bank, Separately, Reuters, Thomson Locations: London, Britain, Colombian, Metro, Spanish, Bengaluru

Barclays Bank logo is seen in this illustration taken March 12, 2023. Tesco Plc and Tesco Bank declined to comment. It could not be established how much the proposed deal would value the Tesco Bank assets. Tesco Bank was launched in 1997 as a joint venture between the British supermarket group and Royal Bank of Scotland, with Tesco later taking full control of the company. Despite seeing it as a growth area in the past, Tesco has been scaling back its banking services, including no longer offering current accounts and offloading its mortgage portfolio to Lloyds Banking Group (LLOY.L).

Persons: Dado Ruvic, Amy, Jo Crowley, Pablo Mayo Cerqueiro, Lawrence White, Iain Withers, Anousha Sakoui, Jane Merriman Organizations: Barclays Bank, REUTERS, Barclays, Reuters, Tesco Bank, Tesco, Tesco Plc, British, Royal Bank of Scotland, Lloyds Banking Group, Thomson Locations: British, Kensington

☆ UK retail sales slide again in October in new blow for economy
▼ + stars: | 2023-11-17 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed on Friday in a new warning sign for the economy. Retail sales volumes dropped 0.3% month-on-month, following a revised 1.1% decline in September that was worse than first estimated, the Office for National Statistics said. Economists polled by Reuters had forecast that sales volumes would rise by 0.3% on the month in October. Overall the figures fitted with the darkening outlook for Britain's economy, with economic growth stagnant and strong price pressures now fading, albeit slowly. The figures also showed a small downward revision in retail sales for the third quarter.

Persons: Phil Noble, Spencer, James Davey, William James Our Organizations: Shoppers, REUTERS, National Statistics, Reuters, Investors, Bank of England, Retailers, Britain, Tesco, Thomson Locations: Altrincham, Britain

☆ Homesick Americans living in the UK should head to Costco for snacks
▼ + stars: | 2023-11-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Costco sells some American brands and products that aren't commonly available in the UK. Candy brands I saw at Costco included Red Vines licorice, Mike and Ike candy, and Welch's Fruit Snacks. A five-pack of Kraft Macaroni & Cheese Dinner costs £11.19 (around $2.75 per box) on the UK website, whereas on its US website, Costco charges $18.99 for 18 boxes of around the same weight – or just over $1 per box. AdvertisementAdvertisementBrits can still get their tea fixThere were, however, plenty of British products on sale, showing how it had adapted its assortment to UK shoppers. Grace Dean/Insider; Will Martin/InsiderLike many supermarkets in the UK, Costco was keen to point out the local origins of some of its own-brand Kirkland Signature produce as consumers pay more attention to food miles and supporting domestic agriculture.

Persons: —, Jerry's, Kraft, Will Martin, Candy, Red Vines, Mike, Ike, I'd, Grace Dean, Tetley, Heinz, Heinz Beanz, Jacks Organizations: Costco, Kraft, &, Service, Kraft Mac, Tesco, Asda, YouTube, Red, pretzels, San Francisco Pretzel Company, Daily, San Francisco Bay Coffee, Kraft Macaroni, Yorkshire Tea, Kirkland, Aberdeen Angus Locations: London, Puerto Rico, Canada, American, San Francisco Bay, South Croydon, Japan

☆ A Grocery Chain Just Fired Its Self-Checkouts
▼ + stars: | 2023-11-10 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: +2 min

You clicked the picture of a zucchini on the screen, but what you have in your basket is a cucumber. And buying something like alcohol or medicine still means you have to wait for a store worker to come over. No warm welcome from machines. “Delighting customers with our warm northern welcome is part of our DNA.”Can humans and machines peacefully coexist? But removing self-checkouts altogether, as Booths announced it will do, would be a “bad idea,” Ms. Abittan said.

Persons: that’s, “ There’s, ”, Sandra Abittan, “, Ms, Abittan Organizations: Tesco, Wal, Mart Locations: London, United States, Britain

☆ Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
▼ + stars: | 2023-11-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Peters now oversees Amazon Fresh and reports to ex-Tesco executive Tony Hoggett, who leads Amazon's physical stores business. Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. In addition to the Woodland Hills Fresh store, Amazon reopened locations in nearby Pasadena and Irvine this week, after redesigning two Chicago-area Fresh stores in August. Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer'Where's the butter located?' On Thursday, Amazon said it's opening the Fresh grocery delivery service to everyone in the U.S., after trials in a handful of cities.

Persons: Annie Palmer, Andy Jassy, Claire Peters, Peters, Tony Hoggett, Dilip Kumar, Stephenie Landry, Jeff Bezos, Amazon, Honey Grahams Organizations: Amazon, Woolworths, Amazon Fresh, Tesco, CNBC, Walmart, . Colorado, Medianews, los Angeles Daily, Getty, Citibank, Amazon Web, Woodland, Foods, Alexa Locations: Los Angeles, Woodland, ., Pasadena , CA, Woodland Hills, Amazon, Pasadena, Irvine, Chicago, U.S

☆ M&S echoes UK peers on early Christmas demand, Ahold looks to loyalty
▼ + stars: | 2023-11-08 | by ( James Davey | ) www.reuters.com time to read: +3 min

[1/2] A logo of food and clothes' retailer Marks and Spencer (M&S) is seen at a branch in London, Britain March 10, 2022. "We are definitely seeing good sales performance in our Christmas ranges," CEO Stuart Machin told reporters after M&S reported much better-than-expected first half results. BIGGER FAMILY CHRISTMASM&S's Machin said research showed about 20% of its customers wanted to stock up on Christmas food products "slightly earlier" this year, with most of those customers planning for a bigger family Christmas. Still, the retail bosses are hopeful of strong demand for food, drinks and presents from now until the end of December. Reporting by James Davey; Editing by Sarah Young, Kate Holton and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Marks, Spencer, Toby Melville, Ahold, Stuart Machin, S's Machin, I'm, Machin, James Davey, Sarah Young, Kate Holton, Emelia Organizations: REUTERS, Major, British Retail Consortium, Marks, Tesco, Accenture, Deloitte, PwC, Thomson Locations: London, Britain, Europe, United States

☆ Sainsbury’s gain is private equity’s pain
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 2 (Reuters Breakingviews) - Red hot competition in the UK grocery market is favoring the largest players. Sainsbury’s CEO Simon Roberts reckons the 6.5 billion pound group has been taking market share from rivals including discounters Aldi and Lidl. That may not be good news for Sainsbury’s smaller peers like Morrisons and Asda, owned by Clayton, Dubilier & Rice and EG Group respectively. Both Sainsbury’s and Tesco have held their market shares relatively stable since 2021, when CD&R bought Wm Morrison. Sainsbury’s is currently valued at 5 times forward EBITDA, according to LSEG data.

Persons: J Sainsbury’s, Simon Roberts reckons, Wm Morrison, Aimee Donnellan, Aston Martin, Neil Unmack, Streisand Neto Organizations: Reuters, Aldi, Tesco, Clayton, Rice, EG, R, Asda, Morrisons, Pfizer, Thomson Locations: Britain’s, Asda, Dubilier

☆ Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
▼ + stars: | 2023-10-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

They define that form of value as "combined yield, a blend of dividend yield, free cashflow yield and net buyback yield." "Combined yield has been the best performing of the long-short European factors that we track, year-to-date," the analysts said. Stock screen AllianceBernstein performed a screen of "High Combined Yield Stocks" in Europe for the final quarter of the year. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while BP is traded on the London Stock Exchange and Frankfurt Stock Exchange. BP is also traded on the New York Stock Exchange in the form of American depositary shares.

Persons: it's, AllianceBernstein, France's, Norway's, — CNBC's Michael Bloom Organizations: Tesco, BP, Oslo Stock Exchange, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, New York Stock Exchange, Systems, Deutsche Post Locations: Europe, Belgian, British, Swiss

For his manager, Barrie Chapman, the overtime he now gets is a huge boost once unheard of in the hospitality sector. At its "Alcampo Lounge" venue in Brighton, staff can get a free meal per shift, flexible hours, bonuses, and overtime for salaried employees. "There's been a trend in hospitality to work staff hard, to not treat them very well, because there was always another person that would come in," said head chef Chris Lloyd-Rogers. "That's why people leave work, and it's what brings people back," Wilson said. Recruitment website Indeed said its regular survey of job seekers showed that the most highly valued benefits were flexible working and sick pay.

Persons: Josh Hughes, Davies, Barrie Chapman, Jen Eaton, Nick Collins, Eaton, Chapman, Hughes, Spencer, Britain's, Loungers, There's, Chris Lloyd, Rogers, Tony Wilson, Wilson, Sarah Findlater, Fiona Walters, Amit Puntambekar, Puntambekar, James Davey, Kate Holton, David Milliken, David Clarke 私 Organizations: Reuters, Amazon, Tesco, Global, Office, National Statistics, Britain, EU, Institute for Employment Studies, Organisation for Economic Co, IES Locations: BRIGHTON, England, Brighton, Britain, Cambridge, London

☆ UK retailers demand government action on rising crime
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 1 (Reuters) - Some 88 UK retail leaders, including the bosses of Tesco (TSCO.L), Sainsbury's (SBRY.L) and Marks & Spencer (MKS.L), have signed a letter to interior minister Suella Braverman, demanding action over rising rates of retail crime. Rising crime is increasingly becoming a political issue in Britain ahead of an expected national election in 2024. It also put the scale of retail theft at 953 million pounds ($1.2 billion), despite over 700 million pounds in crime prevention spending by retailers. This would require police forces to record all incidents of retail crime. The industry also wants greater prioritisation of retail crime by police forces across the UK.

Persons: Peter Nicholls, Spencer, Suella Braverman, “, Helen Dickinson, John Lewis, James Davey, Alison Williams Organizations: REUTERS, Tesco, Industry, British Retail Consortium, Conservative, John, John Lewis Partnership, Waitrose, Aldi, Thomson Locations: Weybridge, Britain, Manchester

☆ Looking for value stocks? Citi lists over 10 European names — for risk-takers and the cautious
▼ + stars: | 2023-09-22 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

European value stocks are doing better than growth stocks right now, according to Citi analysts. Citi defined "quality" value stocks as those in the top fifth and fourth quintiles for three characteristics: value, low risk and quality. Citi said investors "have not been particularly risk-averse," as risky value stocks are up 8.6%, while quality value stocks are down 0.3% in the year to date. Nevertheless, the bank noted that investors appear to have been more cautious since the start of August, as quality value stocks are up 4.6%, while risky value stocks are down 0.6%. 'Risky value' stocks For this screen, Citi looked for stocks that scored in the seventh or above decile for value and those in the fifth or below decile for "value low risk" and quality.

Persons: TotalEnergies, Moller Maersk, — CNBC's Michael Bloom Organizations: Citi, HSBC Holdings, Zurich Insurance Group, ABN AMRO, Imperial Brands, Nokia, BNP, BMW, Bayer, Life, WPP PLC Locations: European, China, Dutch, Danish

☆ Morning Bid: British CPI first, then it's over to Jerome
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Clubcard branding is seen next to shoppers inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Markets expect the Fed to keep rates on hold, but have priced about a 40% chance of another hike by year's end. Canada's bigger-than-expected bounce in consumer prices, driven by surging gasoline costs, might provide handy evidence for the Fed to err on the restrictive side of rates settings. Higher energy prices could also drive a surprise in British CPI at 0600 GMT, where economists see the year-on-year headline figure rising to 7% in August from 6.8% in July. China declined to cut rates, weighing on Chinese stocks, while currency trade was in a holding pattern.

Persons: Paul Childs, Tom Westbrook Jerome Powell, Sterling, Stocks, Jerome, Tom Westbrook, Muralikumar Organizations: REUTERS, Brent, Bank of, HK, Federal, Thomson Locations: London, Britain, Canada, Asia, China

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