Tesco the Xmas winner as analysts warn grocers face 'murky new year'
5th Jan 2017 10:31
(ShareCast News) - Ahead of major supermarket groups Tesco, Sainsbury and Morrisons revealing their key festive trading updates next week, analysts predicted a mixed bag for Christmas and a murky New Year. Jefferies analysts said the supermarkets as whole should confirm a healthy close to 2016 but w
Read moreIntense competition curbs supermarket price hikes
3rd Jan 2017 15:28
(ShareCast News) - Supermarkets in the UK raised their prices in December from the previous month, however the hike was lower than the previous year due to competition curbing the impact of a Brexit-caused cost inflation, according to mySupermarket.com The site's tracker covers almost 5,000 produ
Read moreMorrisons slashes prices for 800 grocery items
3rd Jan 2017 09:57
(ShareCast News) - Morrisons has started off the new year by initiating the supermarket price war, cutting prices on 800 of its items. The reductions will come into effect this week. Deals will include a pack of avocados falling from £1.80 to £1.47, King Edward potatoes dropping from £2 to £1.67, a
Read moreFTSE 100 movers: Pharmaceutical stocks lead FTSE's rally
16th Dec 2016 14:11
(ShareCast News) - The FTSE 100 rose 0.11% to 7,006.73 points on Friday afternoon with pharmaceutical stocks leading the way. Hikma Pharmaceuticals, Shire and Astrazeneca rallied on a positive read-across following reports Sanofi is in advanced talks to acquire Actelion. The companies are said to b
Read moreWednesday broker round-up
14th Dec 2016 17:55
(ShareCast News) - Hargreaves: Barclays reiterates overweight with a target price of 1560p. Barclays: Exane BNP Paribas downgrades to neutral, 245p target. Domino's Pizza: Berenberg reiterates buy with a 425p target. Booker: Goldman Sachs reiterates buy with a 200p target. Paysafe: Barclays keeps
Read moreTesco gains grocery market share as Sainsbury's and Morrisons lose out
13th Dec 2016 08:32
(ShareCast News) - Tesco grew its market share in the last three months, according to grocery market data released on Tuesday that also showed its listed supermarket rivals Sainsbury's and Morrisons both saw sales fall. Kantar Worldpanel also noted that while overall grocery prices are down on last
Read moreMorrisons revives convenience interest with 10-store petrol station trial
22nd Nov 2016 08:08
(ShareCast News) - Just over a year after it sold its convenience store estate, Morrison Supermarkets has launched a 10-store convenience store pilot in a chain of petrol stations and revived the Safeway brand as a wholesale food brand for independent convenience retailers. "These are two capital li
Read moreSunday newspaper round-up: OBR, Saudi Aramco, Tesco, BAT, bonds vigilantes
20th Nov 2016 15:57
(ShareCast News) - The Office for Budget Responsibility is likely to cut its forecast for UK growth next year by the biggest margin since the peak of the eurozone debt crisis. Philip Hammond's Autumn Statement this week will see the Chancellor set out his multi-billion pound infrastructure plans and
Read moreSector movers: Construction stock and food retailers under pressure
16th Nov 2016 14:09
(ShareCast News) - Construction stocks were generally lower following a poor trading statement from Barratt Developments, with the home builder coming out and telling clients it had to cut prices at the upper end of the housing stock in the capital. The likes of CRH also came under selling pressure,
Read moreMorrisons expands Amazon partnership with Prime Now offering
16th Nov 2016 07:13
(ShareCast News) - Supermarket chain Morrisons expanded its partnership with online retail giant on Wednesday, announcing a new service called 'Morrisons at Amazon'. The FTSE 100 grocer said Amazon Prime customers in selected areas in London and Hertfordshire could now order a full Morrisons shop on
Read moreSector movers: Grocers gain on survey data, miners fall amid profit-taking
15th Nov 2016 16:39
(ShareCast News) - Food and drug retailers paced gains on the market, with Tesco leading the way a day before its Capital Markets Day. Sales at the grocer continued to accelerate, rising by 2.2% over the 12 weeks to 6 November, their best showing in three years, according to Kantar Worldpanel. "Muc
Read moreTesco enjoys best growth in three years, Kantar data shows
15th Nov 2016 08:27
(ShareCast News) - Tesco growth rate in the last three months is fastest in three years, according to research by Kantar Worldpanel published on Tuesday, while big rivals Sainsbury's, Asda and Morrisons all declined. Although grocery prices fell for the 28th consecutive month, the rate of deflation
Read moreMorrisons lifts third quarter with 'biggest ever' Halloween
3rd Nov 2016 07:27
(ShareCast News) - Wm Morrison Supermarkets reported its fourth consecutive quarter of growth, helped by its strongest ever Halloween. Like-for-like sales in the three months to 30 October increased 1.6%, or 3.4% including fuel, lifted by 4.1% growth in transactions, prices being 1% lower and sea
Read moreMargins at risk as grocers stuggle to pass on food price inflation, SocGen warns
2nd Nov 2016 11:06
(ShareCast News) - Marmite continues to captivate financial analysts, with a note from Societe Generale using the divisive yeast extract to warn about the risk of gross margin pressure among supermarket groups that has led to it cutting target prices for Tesco and Wm Morrison. Following the controv
Read moreJefferies downgrades Morrisons ahead of Thursday's results
1st Nov 2016 08:22
(ShareCast News) - Jefferies downgraded Wm Morrison to a 'hold' rating after the stock outperformed the FTSE 100 by more than 40% in the year to date. While the broker did not rule out the potential for more material upside further down the line it said this "requires the ability to construct a more
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