FTSE 100 movers: Morrisons leads rally, Hargreaves' double hit
15th Sep 2016 14:08
(ShareCast News) - Boosted by encouraging retail data and a serene Bank of England, the FTSE 100 turned higher by Thursday afternoon, with Morrisons topping the index. Interim results from the Yorkshire-based supermarket group strongly beat the market's estimates, with first half like-for-like sales
Read moreMost-shorted Morrisons could see burnt fingers for shorters, Cavendish warns
15th Sep 2016 12:02
(ShareCast News) - Around 18% of Wm Morrisons' stock is currently out on loan, offering investors the potential for strong gains should the grocer continue to perform as well as its half-year results suggest, a fund manager said on Thursday. The FTSE 100 supermarket is reported to be the second most
Read moreMorrisons sales relatively flat, though earnings surge
15th Sep 2016 07:22
(ShareCast News) - Supermarket chain Wm Morrison released its interim numbers for the half year to 31 July on Thursday, with first half like-for-like sales excluding fuel and VAT up 1.4%. The FTSE 100 firm said total turnover was almost flat, reducing 0.4% to £8.03bn, though underlying profit before
Read moreThursday preview: BoE seen sitting tight, after Next and ONS retail numbers
14th Sep 2016 13:51
(ShareCast News) - Thursday's monetary policy announcement from the Bank of England is expected to see the rate-setting committee sit tight, with odds against an interest rate move increasing after relatively robust unemployment data was released. The policy decision and meeting minutes will be rele
Read moreSunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons
11th Sep 2016 15:45
(ShareCast News) - At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boost
Read moreLidl GB chief executive Ronny Gottschlich resigns
9th Sep 2016 14:33
(ShareCast News) - Lidl's UK chief executive Ronny Gottschlich stepped down on Friday, after steering the budget supermarket's dramatic growth in the country. Gottschlich 41, oversaw the German supermarket's expansion in the UK to over 630 stores in six years. He will be replaced by Christian Härtn
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreMorrisons cuts to meat and veg prices raises stakes for supermarket sector
5th Sep 2016 10:01
(ShareCast News) - Supermarket group Morrisons has piled on extra pressure on the sector's margins with a new round of 12% price cuts to 160 everyday items, which analysts suggested could prompt reprisals from rivals such as Asda. Making the most of its position as an integrated food producer and re
Read moreSunday newspaper round-up: IPO frenzy, sterling shorts, M&S, Morrisons
4th Sep 2016 14:42
(ShareCast News) - The City of London is girding itself for a £30bn frenzy of initial public offers (IPOs) in coming months as backers look to profit from the London stock market's impressive recovery since the Brexit vote. Flotations including the £10bn City debut of mobile operator O2, a £1.5bn is
Read moreThursday broker round-up
1st Sep 2016 18:52
(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit
Read moreSunday newspaper round-up: Sterling, PMIs, May's Brexit talks, GSK, Sports Direct
28th Aug 2016 13:45
(ShareCast News) - Hedge funds and other speculators have cranked up bets against the pound to their highest-ever level as sterling rises close to a three-week high. Short positions on the pound worth $7.8bn (£5.9bn) were racked up last week - the largest ever, according to US data used by the Sunda
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreDiscounters continue to increase market share, Kantar says
23rd Aug 2016 08:26
(ShareCast News) - Improved weather spurred shoppers to open up their wallets, leading to the largest acceleration in consumer spend on groceries since early 2016, according to the results of the most widely-followed figures on the sector's health. The overall market grew by 0.3% over the 12 weeks e
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreSupermarket prices rebound in July as UBS see Asda and Sainsbury markups
18th Aug 2016 10:40
(ShareCast News) - Good news for big supermarkets but less so for consumers was unearthed by UBS, which has found the price-cutting pressure on the industry had eased because Asda has been less energetic in its price cutting than has been widely expected. The UBS 'Evidence Lab', which has been colle
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