Updates from Barclays and Berkeley Group

Supermarket shares take heavy falls - particularly Tesco. Meanwhile China manufacturing data disappoints

savings, tax, stockmarket, pensions, cash, investment FTSE 100  The FTSE 100 finished almost 14 points up on Friday, at 6,819.7. Despite the slight rise there were huge falls for UK supermarkets. Tesco's profits warning saw its shares plummet 6.6% to 229.95p while Morrisons shares were also hit, down 5% to 177.50p, wiping out some recent gains. Sainsbury's shares were also slammed, down 4.3% to 290.30p.

In the US, the Dow Jones trod water, rising just 18 points to 17,098.4. US second quarter GDP estimates emerges this week; there are also new manufacturing worries about China.

We start with Barclays news: it's flogging its Spanish business for more than £630m to CaixaBank. The deal includes its corporate banking, retail and wealth management operations, including the transfer of 555,000 clients.

Completion is subject to regulatory approvals and is expected to occur at or shortly after the year end. However Barclays hangs onto its credit card business and investment banking operations in the country.

"We remain on track," says Barclays boss Antony Jenkins, "to rebalance Barclays as part of our strategy to deliver sustainable returns for our shareholders."

Next, an interim from house builder Berkeley Group. It says a strong market has seen forward sales rise to over £2.2 billion - but since the start of the current financial year the market has reverted to "normal" transaction levels.

New planning consents at London Dock in Wapping and a site in Chiswick in the period bolsters the quality of the land bank it says. The Group currently expects to remain ungeared following the dividend payment of 90 pence per share (£121.7 million).

"Looking to the next milestone of 433 pence per share in September 2018, the Board intends to meet a proportion of this through regular dividend payments, where market conditions permit."

Lastly, builders merchant Grafton Group has completed the acquisition of Direct Builders Merchants Ltd, a general merchanting business trading from three branches in Sittingbourne, Whitstable and Ashford.

This bolt-on acquisition, which had revenue of £4.8 million in the financial year to 31 December 2013, should improve the UK and Irish Group's coverage of the merchanting market in Kent and the South East of England, the company claims.

Recently the company saw an 11% hike in year-on-year revenues to £1.01 billion in 2014 while pre-tax profits leap almost 90% to £45.9 million.

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