Morrisons unveils new dividend policy as results show slow turnaround
10th Mar 2016 07:05
(ShareCast News) - Morrisons annual profits fell more than a quarter but like-for-like sales fell only 2.0% after a strong improvement in the fourth quarter. Overseeing his first set of preliminary results at the grocer, chief executive David Potts unveiled a new dividend policy thanks to an improve
Read moreTesco stopping the rot as Sainsbury's strong run continues, Kantar says
8th Mar 2016 08:04
(ShareCast News) - Sainsbury's was the only one of the Big Four supermarkets to enjoy increased spending in the last three months, though Tesco halved its sales decline, according to data from Kantar Worldpanel. Morrisons sales continued to slide due to the sale of its convenience stores, though its
Read moreTuesday newspaper share tips: Amazon.com, Morrison, Jupiter Fund Management
1st Mar 2016 15:55
(ShareCast News) - Amazon.com's entry into the UK retail food sector has led to even more frenzied competition in a UK food retail sector plagued by hard discounters, a glut of stores and a market share war online. "Wherever money is not being made, investors can be certain of one thing, Amazon will
Read moreMorrisons set for FTSE 100 return, Sports Direct in line for demotion
1st Mar 2016 15:19
(ShareCast News) - Morrisons, which announced a new grocery supply deal with Amazon.com on Monday, may work its way back into the FTSE 100 this month. The supermarket retailer, which was booted out at the last quarterly review, could be joined by newly-merged Paddy Power Betfair and private hospital
Read moreFTSE 250 movers: Ocado, Ultra and Hiscox weigh on index
29th Feb 2016 14:29
(ShareCast News) - The FTSE 250 crawled back towards parity by mid-afternoon on Monday after an early morning dip, but the index remained doggedly on the wrong side of the line. Shares in Vedanta Resources led the recovery over the day, climbing on news that India will shelve export taxes on low-gra
Read moreMorrisons inks grocery supply deal with Amazon
29th Feb 2016 07:56
(ShareCast News) - Morrisons announced on Monday that it has inked a new supply agreement with online retailer Amazon.com that will make hundreds of its products available to Amazon Prime Now and Amazon Pantry customers in the coming months. The London-listed supermarket retailer will provide a whol
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
Read moreMorrisons is takeover target for private equity consortium, rumours say
18th Feb 2016 12:04
(ShareCast News) - Supermarket group Morrisons could be a £6.4bn takeover target for Tesco or a private equity consortium led by Permira, according to newspaper reports. Following Sainsbury's agreed acquisition of Argos, rumours around an imminent 275p offer for Wm Morrison were both "rife" an
Read moreMorrisons' price campaign faces new Aldi threat
12th Feb 2016 15:55
(ShareCast News) - Discounter Aldi has reacted to Morrisons' recent ramping up of price competition with a wave of price reductions and a new advertising campaign. After Morrisons' launched its new 'price crunch' campaign at the start of the month, Aldi said it has cut swathes of prices "in order to
Read moreGrocery sales return to slow growth after disappointing Christmas
9th Feb 2016 08:08
(ShareCast News) - After a disappointing Christmas sales period, the British grocery market has returned to slow growth according to Kantar Worldpanel. Figures for the 12 weeks to 31 January 2016 show take-home sales increased 0.2% compared to the previous year, driven by New Year resolutions to eat
Read moreMorrison's launches new pricing campaign
1st Feb 2016 11:29
(ShareCast News) - Morrisons has begun to roll out a new grocery pricing and marketing campaign called Price Crunch as part of the long-term realignment as a "value" supermarket. The FTSE 100 grocer announced that it will cut the price of 1,072 items, mostly on fresh food, with an average 19% reduct
Read moreFTSE 250 movers: Debenhams solid Christmas trading spurs on market
12th Jan 2016 14:37
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, rising 124.94 points (0.75%) to 16,783.26. Debenhams led the charge after the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfor
Read moreSupermarket sales slip over Christmas, Kantar finds
12th Jan 2016 08:01
(ShareCast News) - UK supermarket industry sales over the festive period fell by 0.2% on last year, though Sainsbury's continued to grab market share along with the ever-rising discounters. Market data from Kantar Worldpanel for the 12 weeks ending 3 January found Sainsbury's increased sales by 0.8%
Read moreWm Morrison delivers Christmas sales surprise with LFL rise
12th Jan 2016 07:01
(ShareCast News) - Morrison's delivered an unexpectedly solid Christmas trading update in a welcome turnaround under new chief executive David Potts. Like-for-like (LFL) sales were up 0.2% in the nine weeks to 3 January, miles better than the 2% decline predicted by analysts, with LFL sales includin
Read moreTuesday preview: Morrisons and Debenhams report Christmas trading
11th Jan 2016 12:32
(ShareCast News) - WM Morrison Supermarkets is expected on Tuesday to report a drop in sales over the Christmas period amid tough competition and heavy discounting in the sector. UBS said it predicts a 2.5% fall in like-for-like (LFL) sales in the nine weeks to 3 January, compared to a 2.6% decline
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