Morrisons first-half hit by Covid-19 safety costs
10th Sep 2020 07:00
(Sharecast News) - Half-year profits at supermarket chain Morrisons fell by a quarter as Covid-19 costs offset a rise in like-for-like sales.
Read moreSunday newspaper round-up: Brexit, Morrisons, Extinction Rebellion
6th Sep 2020 12:28
(Sharecast News) - The Brexit negotiations will be over in days unless the EU realises Britain is serious about no-deal, government sources have warned. The eighth round of talks with Brussels begin on Tuesday, with progress crucial if the two sides are to finally reach an agreement. It comes as the Telegraph reported on Saturday that the EU's chief negotiator Michel Barnier is to be sidelined in a bid to break the deadlock. But as the deadline on the discussions fast approaches, No 10 insiders say there will be no deal unless the bloc shows "more realism" on the "scale of the change that results from our departure". - Sunday Telegraph
Read moreWednesday broker round-up
26th Aug 2020 13:16
(Sharecast News) - Inchcape: JP Morgan upgrades to overweight with a target price of 595p.
Read moreAmazon plans expansion of UK delivery service
28th Jul 2020 09:51
(Sharecast News) - Amazon is planning a wider UK rollout of its online grocery service by the end of 2020 as it tries to take advantage of consumers' needs during the pandemic.
Read moreUK grocery sales continue to grow at record rate
21st Jul 2020 11:03
(Sharecast News) - British grocery sales recorded the fastest rate of growth on record in the last three months to top £31bn, industry data showed on Tuesday.
Read moreWalmart resumes talks to sell Asda
20th Jul 2020 15:52
(Sharecast News) - US retailer Walmart has restarted talks regarding a potential sale of Asda having halted previous negotiations in the wake of the Covid-19 pandemic.
Read moreMorgan Stanley sees cycle turning higher for 'value' stocks
13th Jul 2020 13:55
(Sharecast News) - Equity strategists at Morgan Stanley sounded a positive note on so-called 'value' stocks, arguing that the economic cycle was shifting into a 'recovery regime' - but there was catch.
Read moreSunday newspaper round-up: Vouchers, Grocers, Boohoo
5th Jul 2020 15:59
(Sharecast News) - Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and "face to face" retail, as opposed to online. - Guardian
Read moreOnline grocery sales surge as lockdown keeps shoppers at home
23rd Jun 2020 11:31
(Sharecast News) - Online grocery sales surged in the last month, industry research showed on Tuesday, as the Covid-19 pandemic and subsequent lockdown shook up traditional shopping habits.
Read moreInforma shareholders revolt over CEO Carter's pension
12th Jun 2020 14:29
(Sharecast News) - Informa was hit by a shareholder revolt over its chief executive's pay in the second protest about outsized pension contributions at a FTSE 100 company in two days.
Read moreMorrisons faces investor showdown after pay revolt
12th Jun 2020 07:50
(Sharecast News) - Morrisons faces heated discussions with investors over pay after more than a third of shareholder votes opposed the supermarket group's remuneration policy at its annual general meeting.
Read moreSunday newspaper round-up: Brexit, Toxic debt, SpaceX
31st May 2020 18:04
(Sharecast News) - The EU's chief negotiator has warned Boris Johnson that he must keep his promises if he wants to avoid the double economic hit of a no-deal Brexit and the coronavirus pandemic. In an exclusive interview, Michel Barnier accuses the prime minister of backsliding on commitments made in the political declaration. Issuing an ultimatum, he warned that there would not be an "agreement at any cost". - Sunday Times
Read moreGrocery sales jump at record pace
27th May 2020 08:46
(Sharecast News) - Grocery sales jumped 14.3% - the fastest pace on record - in the 12 weeks to mid-May as households stocked up during the Covid-19 crisis and let their hair down on the VE Day bank holiday.
Read moreFriday broker round-up
22nd May 2020 13:37
(Sharecast News) - Whitbread: RBC Capital Markets reiterates underperform with a target price of 2,350p.
Read moreAldi UK teams up with Deliveroo for home deliveries
18th May 2020 11:07
(Sharecast News) - Aldi UK, the British arm of the German supermarket discounter, announced on Monday that it had teamed up with delivering service Deliveroo to provide shoppers with home deliveries.
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