BLND JP Morgan: neutral, tp raised to 405 from 385
CAL JP Morgan: neutral, tp cut to 10 from 60
DLN JP Morgan: underweight, tp raised to 790 from 740
HFD Investec: upgraded to buy from hold, tp raised to 365 from 275
HMSO JP Morgan: downgraded to neutral from overweight
HSBA UBS: reiterated buy, tp raised to 530 from 450
LII JP Morgan: downgraded to underweight from neutral
SGRO JP Morgan: downgraded to neutral from overweight
WOS UBS: upgraded to buy from neutral

Insurance Sector, SocGen: downgraded to neutral from overweight

Morning all. Just a comment about The Times' Bet of the Day: Tesco.

Tesco is doing well - really busy...and for my wife that's a problem. Car parking difficult at all our local outlets, and a nightmare once you get inside. Now she won't go to Tesco, preferring Rainbow (Co-op), which has a smaller selection of products but which is less busy. Also, interestingly, she has accompanied me to several of the 'low-class' supermarkets when I have been buying catfood in bulk for fishing, and she has been surprised at what is available, and how cheap some things can be - they include Aldi, Lidl and Asda.

I can't believe that she is the only one who has given up on Tesco during the day. Also, they can't keep growing. So is it possible that in a year's time the price will start to flag?

Regards to my friends on the Trader's thread. I understand that PFD are doing well! ASC also holding up nicely.

Maggot - it's really all about the international growth with Tesco these days though I think. They seem to have reached saturation point in the UK and market share is slowly declining of course as rivals become more effective at competing - especially MRW with the ex-Safeway stores. Of course the international markets are not a guaranteed thing for TSCO as Fresh & Easy demonstrates - it's clearly been a failure and from what I've read there's no viable path to profitability there as things stand.

Resources - how long will they last?

Midday Market Overview

I selected the share earlier on to move from here ..........

UPS
SEY 1.885p
1.87 / 1.90p
Large volume today with a 500K paying over the offer price a few minutes ago, higly geared company and talking to banks to bring it down, back by assets and production. Company said it had aproaches a couple month back

End-of-day Market Overview