CMA supermarkets report "neutral for retailers" says ShoreCap
16th Jul 2015 12:15
(ShareCast News) - Supermarkets do not have much to fear from the UK competition regulator's report on pricing practices, according to analyst Clive Black at Shore Capital. The Competition and Markets Authority (CMA) was moved to examine the industry after a 'cuper-complaint' from Which?, the consum
Read moreSupermarket promotions face overhaul after CMA competition probe
16th Jul 2015 08:47
(ShareCast News) - UK supermarkets are to be hit by a range of new rules to try and end "confusing and misleading promotions", after an investigation found some deals had even broken the law. The Competition and Markets Authority (CMA), in response to a 'super-complaint' by Which?, the UK consume
Read moreMorrisons appoints Proctor & Gamble MD as director
9th Jul 2015 09:19
Wm Morrison Supermarkets has appointed Irwin Lee, currently head of Proctor & Gamble's UK, Ireland and Nordics business, as a non-executive Director. Lee will take up his new position on 1 September 2015. Morrisons chairman Andrew Higginson said: "Irwin will bring his huge experience in the consume
Read moreMorrisons appoints chief executive to corporate compliance board
2nd Jul 2015 16:12
Embattled grocer Morrisons re-jigged its corporate committees, using existing board members to take on roles on its Corporate Compliance and Responsibility Committee. Morrisons said on Thursday chief executive David Potts and executive director Phillip Cox would join the committee. After culling ha
Read moreFTSE 100 movers: Tesco surges on slower sales decline, miners lower
26th Jun 2015 14:25
UK stocks edged lower on Friday, as Greece's crucial weekend approached and mining, engineering and oil stocks provided a drag. As of 15:00 BST, the FTSE 100 was trading 0.4% lower at 6,783. Supermarket chain Tesco gained after reporting that the ongoing slide in sales was slowing. UK like-for-like
Read moreLondon open: Stocks fall as Greece enters crunch talks over debt deal
26th Jun 2015 09:13
UK stock markets fell on Friday morning after the collapse of Greek debt talks at the Eurogroup meeting the previous day. The FTSE 100 was down 0.72% at 6,758.47 in early trading, as gains in the supermarket sector were offset by weakness among miners as investors scaled back their appetite for risk
Read moreFTSE 100 movers: Sainsbury surges on upgrade, but IAG hit by takeover delay speculation
24th Jun 2015 12:54
London markets were subdued on Wednesday, as gains in the supermarket, oil and mining sectors were offset by weaker performances from chemicals, software, and financial services stocks. As of 13:45 BST, the FTSE 100 was trading broadly flat at 6,843. Sainsbury surged after being boosted by a Societ
Read moreSainsbury tops FTSE 100 after Societe Generale upgrade
24th Jun 2015 08:52
Shares in UK supermarket retailer Sainsbury rose to the top of the FTSE 100 on Wednesday after Societe Generale upgraded the stock to 'buy' from 'hold' and raised the target price to 315p from 260p, pointing to a resilient profile and attractive valuation. It said the group's profile is more resilie
Read moreLondon close: FTSE 100 drops to January lows on Greek uncertainty, traders await FOMC comments
17th Jun 2015 17:16
UK stocks fell for the fourth straight day on Wednesday with London's FTSE 100 finishing at its lowest level in five months as Greece continued to fight with creditors to secure a bailout deal. Investors were also showing caution ahead of the conclusion of a monetary policy meeting at the Federal Re
Read moreFTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreLondon midday: Stocks decline as Greek woes rumble on
17th Jun 2015 11:30
UK stocks declined on Wednesday ahead of a Federal Reserve policy decision, as negative news from Greece continued to weigh on sentiment. Just before noon, the FTSE 100 was trading 0.31% lower at 6,689.07 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. Should the index finis
Read moreBroker tips: Betfair, Tesco, Sainsbury, Morrison, BAT, Imperial Tobacco
17th Jun 2015 10:23
Numis raised its rating on Betfair to 'reduce' from 'sell' and reiterated its 2,100p price target, in light of the modest recent retreat in the share price. Commenting on the company's full-year results, it noted that revenue was just a touch ahead of its expectations, with earnings before interest,
Read moreLondon open: UK stocks flat as investors watch Greece, Fed decision
17th Jun 2015 08:42
UK stocks paused at a three-month low on Wednesday morning ahead of a Federal Reserve policy decision, as negative newsflow from Greece continued to dampen risk appetite. The FTSE 100 was trading 0.1% lower at 6,703.24 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. The inde
Read moreUK food retailers initiated by Credit Suisse
17th Jun 2015 07:33
Credit Suisse initiated coverage of UK food retailers with a negative stance on the sector, saying it sees few opportunities within a group that has historically misallocated capital, is faced with extreme competitive pressures and operates in a low-growth environment. The bank started Tesco and Sai
Read more'Big Four' supermarkets' margins unlikely to recover before 2017, says Moody's
11th Jun 2015 07:11
The grocery retail market share of the 'Big Four' supermarkets - Tesco, Sainsbury, Morrisons and Asda - continues to fall and there is no immediate prospect of recovery in their profit margins, according to Moody's. In a note to clients on Thursday, the ratings agency forecast the Big Four's share o
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