Monday newspaper round-up: China, AB Inbev, Supermarkets
11th Jan 2016 07:20
(ShareCast News) - China has opened a new front in its war to curb currency depreciation by buying up renminbi offshore, foiling the burgeoning carry trade and driving the cost of borrowing to a record high. The overnight CNH Hibor, a daily benchmark for offshore renminbi interbank lending, hit a re
Read moreDeutsche Bank upgrades Tesco and WM Morrison ahead of Christmas results
5th Jan 2016 08:44
(ShareCast News) - Deutsche Bank has upgraded Tesco and WM Morrison ahead of the supermarkets releasing Christmas trading figures later this month. In a note from the investment bank on Tuesday, Tesco was upgraded from 'hold' to 'buy' but had its target price cut from 210p to 200p, while Morrison's
Read moreAmazon to accelerate UK grocery plans
29th Dec 2015 08:28
(ShareCast News) - Amazon has revealed it plans to ramp up its UK grocery offering in the new year, adding a significant new disruptive pressure into the already aggressively competitive supermarket industry. The UK online retailing colossus launched its Pantry service in Britain in November, off
Read moreFTSE 100 movers: Old Mutual rebound continues
15th Dec 2015 13:58
(ShareCast News) - The FTSE was on track to reverse Monday's losses, with the blue chip market up 124.93 points (2.13%) mid-afternoon Tuesday to 5,998.99 points. Old Mutual continued to rebound after last week's losses due to political issues in South Africa. A broker downgrade and weaker rand weig
Read moreSainsbury stands out as Tesco and Morrison sales fall, Kantar shows
15th Dec 2015 08:15
(ShareCast News) - Sainsbury's has continued to thwart its rivals in recent weeks, increased sales and growing its market share as Tesco, Asda and Morrison all saw sales fall, according to Kantar Worldpanel data. Difficult conditions continued for the industry, with total grocery market sales in the
Read moreFTSE 100 movers: Old Mutual claws back last week's losses
14th Dec 2015 13:58
(ShareCast News) - The FTSE 100 has started the week on a rollercoaster, shifting between positive and negative territory throughout the day. The market was back in the green by mid-afternoon Monday, up 7.63 points (0.13%) Old Mutual rebounded after last week's losses due to political issues in Sou
Read moreGreene King chief joins Morrisons board
14th Dec 2015 07:34
(ShareCast News) - Wm Morrison Supermarkets has announced Rooney Anand will join its board as a non-executive director and as senior independent director on 1 January 2016. The FTSE 100 company said Anand, who is currently chief executive of Greene King, is a "highly experienced retail and fmcg (fas
Read moreAsda and Morrisons cut petrol price below £1 per litre
11th Dec 2015 09:09
(ShareCast News) - Asda and Morrisons have cut the price of petrol to under £1 a litre, the lowest price it has been since 2009. Unleaded petrol is 99.7p per litre at Asda until December 13, while Morrisons has cut it to 99.9p and aims to keep it at that level "for as long as possible" subject to ch
Read moreLondon-listed supermarket retailers rally on broker notes
8th Dec 2015 09:18
(ShareCast News) - Broker notes boosted supermarket retailers on Tuesday, with Sainsbury, Tesco and Morrison the top gainers on the FTSE 100. Bernstein said that where discount retailer Aldi isn't able to maintain price leadership, instead of running loss leaders, it is likely to reduce its branded
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreMorrisons, G4S, Meggitt set for demotion in FTSE reshuffle
30th Nov 2015 11:21
(ShareCast News) - Morrisons, G4S and Meggitt look set to lose their spots in the FTSE 100 on Wednesday, with Worldpay, Provident Financial and DCC likely to replace them. The FTSE committee will reveal the results of its quarterly index on Wednesday, with changes effective from 21 December. Aerosp
Read moreCiti upgrades Tesco but downgrades Sainsbury and Morrison
17th Nov 2015 09:28
(ShareCast News) - Citi has upgraded Tesco to 'buy' but downgraded Sainsbury's to 'neutral' and Morrison to 'sell' as the UK supermarket's big players jostle for position against the fast-expanding discounters in the ongoing industry price war. Published just before data from Kantar and Nielsen show
Read moreBig Four supermarkets sales sink, Nielsen shows
17th Nov 2015 08:41
(ShareCast News) - Sales at the 'Big Four' UK supermarkets sank 1.2% in the four weeks to the end of November, their largest year-on-year fall in the value of sales since October last year. Along with the decline in sales values, which are being dragged down by the industry's price war, volumes a
Read moreSainsbury's gains share as discounters claim fifth of grocery market, says Kantar
17th Nov 2015 08:01
(ShareCast News) - Discounters Aldi and Lidl have reached a combined share of 10% of the British grocery market for the first time, while Sainsbury's became the first major supermarket to claim a market share increase for over a year. The overall grocery market remained slow in the 12 weeks to 8 Nov
Read moreAldi and Lidl plan to open five times as many new stores as Big Four
15th Nov 2015 11:48
(ShareCast News) - Discount supermarkets Lidl and Aldi are planning to open significantly more stores than Tesco, J Sainsbury, Morrisons and Asda combined, figures have revealed. The German retails have submitted a total of 171 planning applications, five times as many as the so-called 'Big Four', w
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