Sunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreAmec Foster Wheeler leads gains among oil equipment and service stocks
9th Aug 2016 19:10
(ShareCast News) - Oil equipment and services stocks saw another day of gains, with shares in Amec Foster Wheeler spearheading the advance in the wake of its latest interim figures. Amec reported higher sales and lower earnings in the first half of the year which were better than the market expected
Read moreMorrisons and Ocado extend online grocery deal, analysts say both sides benefit
9th Aug 2016 07:05
(ShareCast News) - Morrison's has agreed to take 30% capacity of Ocado new customer fulfilment centre (CFC) in Erith by 2018, bought a new 'store pick' software licence and eased previous restrictions on the online specialist working with other UK supermarkets. Ocado will providing a store pick soft
Read moreMorrison cuts 1,000 prices after Brexit vote sends shoppers to discounters
1st Aug 2016 07:52
(ShareCast News) - Morrisons has launched the latest offensive in the supermarket price war, cutting prices on more than 1,000 products by an average of 18% on Monday. Although economists have predicted the Brexit vote could lead to higher grocery prices due to the weaker pound, Morrisons, which
Read moreMonday newspaper round-up: Banks, BoE, Morrison's, BT
1st Aug 2016 06:43
(ShareCast News) - Britain's top bank bosses believe an interest rate cut this week is not the best way to boost the economy, arguing instead for alternative options such as investment incentives. Markets are almost certain that the Bank of England will cut its base rate from 0.5pc to 0.25pc this Th
Read moreBig four supermarkets all lose ground to discounters post-Brexit
26th Jul 2016 09:02
(ShareCast News) - Tesco, Sainsbury, Asda and Morrison lost further market share to discounters as the Big Four all saw sales drop in the weeks following the Brexit vote, though as a whole the sector saw sales bounce back slightly on previous months. A monthly report from research firm Kantar Worldp
Read moreMyLocal administrators transfer 26 stores to convenience rivals, more to follow
19th Jul 2016 13:10
(ShareCast News) - Administrators of the collapsed MyLocal convenience chain have agreed the sale of 26 shops and said they were close to completing 16 more. The stores have been snapped by a number of convenience store operators, which have in the process taken on a total of 372 MyLocal employees.
Read moreSupermarkets hit by HSBC downgrade on Asda price cut, as deflation continues
6th Jul 2016 10:42
(ShareCast News) - HSBC has warned that supermarket sector profit margins are likely to be trampled afresh by a round of heavy price cuts from Asda, further ratcheting up price pressure as industry data shows price deflation continues unabated. With BRC-Nielsen data also released on Wednesday showin
Read moreDiscounters Aldi and Lidl hit record grocery market share
28th Jun 2016 09:56
(ShareCast News) - Discounters Aldi and Lidl saw their combined share of the grocery market rise to a record high of 10.5% in the 12 weeks to 19 June, while the UK's big four supermarkets saw a drop in market and the overall market slipped into decline for the first time since January. Supermarket s
Read moreTuesday newspaper round-up: $3trn lost, AAA rating, EU negotiation, banks
28th Jun 2016 06:56
(ShareCast News) - Global stock markets lost a record $3trn in the past two trading days after a sharp sell-off in equities around the world in response to the UK referendum vote to leave the EU. Observers said the falls on the first day after the vote on Friday were tied mainly to the short-term un
Read moreMorrisons offers to hire My Local staff if chain goes into administration
22nd Jun 2016 11:59
(ShareCast News) - Morrisons is offering to hire former staff who lose their jobs as a result of the likely collapse of My Local, the group which took over the supermarket's convenience store chain last year. My Local has filed a notice of intention to appoint administrators, putting 1,700 jobs at r
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreTesco and Morrison gain share as big supermarkets fight on, Kantar says
1st Jun 2016 08:36
(ShareCast News) - All four of the major supermarkets - Tesco, Sainsbury, Walmart's Asda and Morrison - endured a year-on-year decline in sales during the last twelve weeks, according Kantar and Nielsen data, though their market share remained solid. Across the grocery sector, Kantar Worldpanel foun
Read moreDefensives lead bounce in stocks
20th May 2016 19:03
(ShareCast News) - Defensive issues led the market's bounce higher at the end of the week, with those sectors which stood to gain the most from a vote by Britons to remain in the UK pacing gains on the top flight index. Although low inflation boosts consumers' spending power, it is of scant benefit
Read moreMyLocal reportedly to sell 10% of sites
17th May 2016 11:20
(ShareCast News) - MyLocal, a convenience store chain established less than a year ago, is to sell more than 10% of its sites in a move that will cast doubt on its owner's long-term commitment to the business, Sky News reported citing a source close to the situation. The report said "just under" 25
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