Tuesday broker round-up
21st Aug 2018 13:18
(Sharecast News) - Aggreko: HSBC upgrades to buy with a target price of 1,050p.
Read moreMorrisons and Asda hold off gains from discounters - Kantar
21st Aug 2018 08:43
(Sharecast News) - Morrisons and Asda were the fastest-growing of the big four supermarkets in recent weeks and managed to hold off the discounters from taking market share, while Sainsbury's remained a laggard but enjoyed its fastest growth since January.
Read moreDiscount supermarket growth 'slows sharply', UBS upgrades Morrisons
30th Jul 2018 10:36
(Sharecast News) - The competitive pressure from discount supermarkets is "abating", UBS believes, upgrading Morrisons shares to 'buy' as analysts see potential for margins to finally grow along with sales.
Read moreSainsbury's trails rivals as supermarkets enjoy summer boom
24th Jul 2018 08:27
(Sharecast News) - Sainsbury's sales rebounded in recent weeks but it continues to lag behind its big supermarket rivals as all of the big four enjoyed their best period of growth so far this year.
Read moreThursday broker round-up
16th Feb 2017 09:15
(ShareCast News) - QinetiQ: Canaccord downgrades to Hold with a target price of 285p. RBS: Deutsche Bank reiterates Underperform with a target price of 210p. Aldermore Group: Deutsche Bank reiterates Neutral with a target price of 210p. Smiths: Goldman Sachs reiterates Buy with a target price of 1
Read moreAldi becomes UK's fifth biggest supermarket as Tesco and Sainsbury slip
7th Feb 2017 08:20
(ShareCast News) - As Sainsbury's lost market share and Tesco's growth slowed, German discounter Aldi jumped up to become the UK's fifth largest supermarket as the grocery sector battled through a tricky few weeks. New research on the sector from Kantar Worldpanel showed grocery prices continued to
Read moreSunday newspaper round-up: US recession, Housing policy, RBS
5th Feb 2017 16:37
(ShareCast News) - Donald Trump's economic honeymoon could come to an end as soon as next year, senior City fund managers have forecast, with the US at risk of plunging into recession. Nine years on from the start of the financial crisis, the US recovery may be overheating, Legal & General Investmen
Read moreFormer Morrisons chairman dies aged 85
1st Feb 2017 12:18
(ShareCast News) - Sir Ken Morrison, the former chairman of Morrisons supermarkets, has died peacefully at home in North Yorkshire at the age of 85 following a short illness. Morrison - who transformed the retailer from a small family business into the UK's fourth largest food retailer - was chairma
Read moreRetail sales drop sharply in January, CBI's distributive trades data shows
26th Jan 2017 12:54
(ShareCast News) - Retail sales volumes dropped sharply in January, especially for supermarket groups, according to data released on Thursday. The CBI's distributive trades survey for January showed a reported sales balance down to a four-month low of -8 from +35 in December, while the market had ex
Read moreWednesday broker round-up
11th Jan 2017 13:32
(ShareCast News) - Burberry: Barclays upgrades to Overweight and lifts target price from 1450p to 1760p. AstraZeneca: UBS maintains Buy, keeps target price of 5,000p. Spectris: Bank of America Merill Lynch upgrades to Buy with a target price of 2600p. Unilever Plc: UBS maintains Buy with a target
Read moreInflation returns as supermarkets enjoy record Christmas, Kantar says
10th Jan 2017 08:27
(ShareCast News) - As inflation returned to the grocery market after a two-year absence, supermarkets enjoyed record sales over the Christmas period, according to fresh industry data on Tuesday. As prices rose for items such as fish and butter, only partly offset by falling prices for eggs and bacon
Read moreMorrison Supermarkets ups profit forecasts after bumper Christmas
10th Jan 2017 07:19
(ShareCast News) - On the back of its strongest festive performance for seven years, Wm Morrison Supermarkets said it now expects full year profit to be ahead of market consensus. For the nine weeks to 1 January, the supermarket group grew like-for-like sales excluding fuel 2.9%, which would if noth
Read moreTuesday preview: Morrisons reports fourth quarter trading update
9th Jan 2017 13:01
(ShareCast News) - Morrisons' fourth quarter trading update on Tuesday will be closely scrutinised amid a supermarket price war and worries about a weaker post-Brexit pound pushing import costs higher. The supermarket last week announced it was cutting prices on 800 of its items in an effort to claw
Read moreMerrill Lynch downgrades Morrisons ahead of results
9th Jan 2017 12:53
(ShareCast News) - Bank of America Merrill Lynch downgraded Wm Morrison Supermarkets to 'underperform' ahead of the supermarket group's post-Christmas trading update, as it sees "risk skewed to the downside for earnings". The first of the big four UK supermarkets to post its January update, Morrison
Read moreThursday broker round-up
5th Jan 2017 12:38
(ShareCast News) - Royal Dutch Shell B: UBS reiterates buy with a target price of 2500p. Aviva: JP Morgan reiterates overweight, 553p target. B&M European: HSBC reiterates buy with a 350p target. Breedon: Berenberg reiterates buy with a 85p target. Cobham: JP Morgan keeps at neutral with a 175p t
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