Sector movers: Goldman boosts grocers, Deutsche wary on steel
26th Oct 2016 16:02
(ShareCast News) - Gains for Sainsbury and Tesco saw grocers rise to the top of the leaderboard following upwards price target revisions out of Goldman Sachs, although the underlying commentary was somewhat less than flattering. The broker removed Sainsbury from its 'Conviction' sell-list, 'promotin
Read moreFTSE 100 movers: Miners and oilers weigh while IAG climbs
26th Oct 2016 14:14
(ShareCast News) - Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance. The blue chip index was falling increasingly sharply as the day wore on, down 1.4% by mid afternoon, with Antofagasta's 6.
Read moreTuesday newspaper share tips: McBride,
25th Oct 2016 10:15
(ShareCast News) - McBride´s change of strategy is paying off in terms of its cost base and margins but it is nevertheless facing headwinds, The Times´s Tempus said. The supplier of white-label goods to big supermarkets will benefit from a weak pound, given that it derives roughly three quarters of
Read moreTesco resumes market share growth, Kantar and Nielsen find
18th Oct 2016 08:29
(ShareCast News) - Tesco grew its market share in the last three months for the first time in five years, according to one batch of data released on Tuesday, while a rival survey found the best year-on-year sales figures for over three years. According to Kantar Worldpanel, which revealed price defl
Read moreBusiness rates fall for Big 4 grocers but rise for London businesses
10th Oct 2016 16:39
(ShareCast News) - The government's recent business rates announcement has significantly reduced tax for UK supermarket chains even while raising them for businesses in the capital. The Big 4 supermarket chains Sainsbury's, Tesco, Morrisons and Asda could receive a £173m tax reduction on their large
Read moreSector movers: Hard Brexit concerns weigh on life insurers
26th Sep 2016 15:21
(ShareCast News) - Reports suggesting that Britain might be leaning towards a hard Brexit took their toll on the UK life insurance sector and weighed on cable in the process. Also over the weekend, reports also cited the Foreign Secretary as having indicated that an exit from the European Union migh
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreTesco sales improving as Kantar finds evidence of supermarket growth
20th Sep 2016 08:04
(ShareCast News) - UK supermarket industry sales growth remained unchanged in recent weeks, according to data from Kantar Worldpanel, with Tesco enjoying its best performance for two and a half years. Sales across the grocery sector grew 0.3% in the three months to 11 September, Kantar found, the sa
Read moreSector movers: Miners and oil service firms pace gains
19th Sep 2016 16:22
(ShareCast News) - Miners were pushed higher by rising prices for metals and positive comments from some top brokers. Contributing to the price action, analysts at Credit Suisse bumped up their 2017 price projections for thermal and coking coal, from $55 and $94 per tonne to $60 and $119, respective
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read moreFriday newspaper share tips: Morrisons, Atlas Mara
16th Sep 2016 11:22
(ShareCast News) - Wm Morrison has a lot going for it and quite a bit against it too, the Financial Times´s lex column cautioned. The smallest of the UK´s top four grocers is the second-biggest food manufacturer in Britain and owns four-fifths of its stores. That means it can act quickly on pric
Read moreFriday broker round-up
16th Sep 2016 10:54
(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with
Read moreBroker tips: Moneysupermarket, ASOS, Morrison
16th Sep 2016 09:23
(ShareCast News) - Moneysupermarket.com Group shares gained on Friday as RBC Capital Markets initiated the stock at an 'outperform' rating with a price target of 400p. "Moneysupermarket offers the only pure way to get exposure to the structural growth opportunity in price-comparison websites," RBC s
Read moreExane upgrades Morrisons to 'neutral' after H1
16th Sep 2016 08:21
(ShareCast News) - Exane BNP Paribas upgraded Wm Morrison to 'neutral' from 'underperform' and lifted the target price to 200p from 165p following the supermarket retailer's first-half results on Thursday. "We have a positive stance on the UK food retailers but thought that Morrisons would need to r
Read moreSector movers: Grocers and non-life insurers lead gains
15th Sep 2016 14:11
(ShareCast News) - Grocers and non-life insurance paced advances, with Morrisons buoying the former after posting what analysts described as an "encouraging" set of interims. Wm Morrison saw like-for-like sales excluding fuel and VAT increase by 1.4% during the first six months of the year, driving
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