Waitrose and Co-Op join price war, cut prices for essential goods by 15%
21st Oct 2020 10:12
(Sharecast News) - Waitrose and Co-Op are cutting prices of essential goods by an average of over 15% ahead of a Christmas that will likely bring more economic travails for customers.
Read moreAsda launches green strategy to cut single-use plastics
20th Oct 2020 09:52
(Sharecast News) - Asda launches fruit and vegetable strategy in new sustainability store to try to cut down on single-use plastics and promises "greener" products without packaging at the same price.
Read moreSector movers: Utilities and Food retailers sought out as Covid-19 cases climb
13th Oct 2020 15:46
(Sharecast News) - Stocks were pummeled on Tuesday as concerns mounted that the rising rate of Covid-19 infections might force the government into tightening lockdown measures further, on top of a day fraught with nervousness around the ongoing Brexit talks with Brussels.
Read moreUK grocery sales rise as Covid-19 restrictions bite
13th Oct 2020 07:42
(Sharecast News) - UK grocery sales jumped in September, industry data showed on Tuesday, as more stringent restrictions were introduced to tackle the resurgence in Covid-19.
Read moreSunday newspaper round-up: Pubs, Ocado, Apple
12th Oct 2020 02:52
(Sharecast News) - Boris Johnson will today reveal tough new three-tier lockdown rules for England which will close pubs, bars and gyms for millions living in coronavirus hot spots for up to six months. The Prime Minister will hold an emergency Cobra briefing on Monday morning to hammer out the final details before setting out the new nationwide system in the Commons. Local leaders in Liverpool and Manchester last night railed against the Government's decision, accusing Mr Johnson of not providing enough consultation before introducing the business-battering restrictions. - Mail on Sunday
Read moreAutoStore suing Ocado over its warehousing technology
1st Oct 2020 13:00
(Sharecast News) - Automated technology company AutoStore has filed patent infringement lawsuits in the United States and the United Kingdom against the grocery retailer and warehousing technology provider Ocado, it announced on Thursday.
Read moreTuesday newspaper round-up: Covid-19 claims, company failures, Google
30th Sep 2020 08:16
(Sharecast News) - Insurers risk sending struggling companies to the wall if they appeal against a High Court ruling on Covid-19 claims, the industry has been warned. Businesses were told yesterday that they may have to wait until next year for a verdict on claims on business interruption policies because insurers were considering an appeal against this month's test case judgment. The latest development potentially shatters hopes that businesses would receive swift payouts. - The Times
Read moreSunday share tips: The Hut Group, Ocado
20th Sep 2020 23:01
(Sharecast News) - Matt Moulding's online retailer The Hut Group and its subsequent flotation have both proven a resounding success.
Read moreFriday broker round-up
18th Sep 2020 12:19
(Sharecast News) - Petropavlovsk: Canaccord downgrades to hold with a target price of 40.0p.
Read moreWaitrose to close four more supermarkets
16th Sep 2020 13:35
(Sharecast News) - Waitrose & Partners is to shut four stores, the supermarket chain said on Wednesday, putting 124 jobs at risk.
Read moreWednesday broker round-up
16th Sep 2020 13:18
(Sharecast News) - Morrison: JP Morgan downgrades to underweight with a target price of 160.0p.
Read moreHut Group shares soar as trading gets underway
16th Sep 2020 11:51
(Sharecast News) - The Hut Group saw its shares soar on Wednesday as trading in the e-commerce beauty business got underway, marking the largest debut on the London market in recent years.
Read moreTuesday broker round-up
15th Sep 2020 13:47
(Sharecast News) - Glencore: RBC Capital Markets upgrades to outperform with a target price of 240.0p
Read moreGrocery spending slows as shoppers dine out during August
15th Sep 2020 11:13
(Sharecast News) - Around £155m was wiped off UK grocery sales in August, industry research showed on Tuesday, as consumers took advantage the government's Help Out to Eat Out scheme and the easing of lockdown restrictions.
Read moreOcado Q3 retail sales surge 52% as M&S products join range
15th Sep 2020 07:00
(Sharecast News) - Online grocer and technology firm Ocado recorded a sharp rise in third quarter revenue driven by continued higher average spends during the coronavirus pandemic as it forecast annual core earnings of £40m.
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