Tesco CEO gets record ?6.42m pay package
13th May 2020 15:23
(Sharecast News) - Tesco chief executive, Dave Lewis's annual pay package for 2019 hit ?6.42m, marking the biggest ever haul for any executive at the retailer of the past decade.
Read moreBerenberg hikes target price on Ocado, reiterates 'top pick' rating
11th May 2020 09:37
(Sharecast News) - Analysts at Berenberg hiked their target price on food retailer Ocado from 1,725p to 2,225p on Monday, citing substantial retail growth on the back of accelerated capacity installations.
Read moreThursday broker round-up
7th May 2020 13:55
(Sharecast News) - Ibstock: Jefferies downgrades to hold with a target price of 212p.
Read moreOcado retail revenue soars 40% in Covid-19 lockdown
6th May 2020 07:38
(Sharecast News) - Online supermarket company Ocado reported a hefty 40.4% rise in second quarter retail revenue as Britons had food supplies delivered during the coronavirus lockdown, but pulled full year guidance due to an uncertain economic outlook.
Read moreSunday newspaper round-up: BT Group, Sports Direct, Ocado
3rd May 2020 21:44
(Sharecast News) - The City is braced for a cut to BT's £1.5bn dividend - a move that would send pain through its army of retail shareholders after a wave of blue-chips slashed payouts amid the Covid-19 crisis. The board meets this week to decide whether to keep the dividend, one of the 20 biggest in the FTSE 100 index. More than 40 leading companies have cancelled £16.5bn of payouts this year, according to the broker Peel Hunt, including all the banks. Shell stunned the market by cutting its dividend by two-thirds on Thursday. - Sunday Times
Read moreTuesday broker round-up
28th Apr 2020 14:21
(Sharecast News) - Sainsbury: Berenberg downgrades to sell with a target price of 170p.
Read moreBerenberg upgrades Morrisons, double-downgrades Sainsbury's
28th Apr 2020 12:50
(Sharecast News) - Berenberg double-downgraded its stance on Sainsbury's to 'sell' from 'buy' on Tuesday but lifted Morrisons to 'buy' from 'hold' as it took a look at the food retail sector.
Read moreGrocery sales rise more than £500m in April
28th Apr 2020 08:40
(Sharecast News) - Grocery sales rose by more than £500m in April as the Covid-19 lockdown continued to affect households' shopping and eating habits, a survey showed.
Read moreOcado revenue growth doubles as Brits panic buy in virus crisis
19th Mar 2020 07:03
(Sharecast News) - Online retailer Ocado said second quarter revenue growth had doubled compared with the first three months of the year as Britons started to stockpile food in response to the coronavirus crisis, placing the business under "unprecedented strain" .
Read moreSunday newspaper round-up: Prudential, Bank of England, Supermarkets
8th Mar 2020 20:55
(Sharecast News) - Prudential is set to reveal plans for a partial float or sale of its American insurance business as an activist investor circles. The FTSE 100 giant is expected to outline its intention to offload a stake in Jackson, which has four million customers in the US, alongside its annual results on Wednesday. Jackson, founded in Michigan in 1961 and owned by the Pru since 1986, would be worth between $6bn (£4.5bn) and $10bn, according to insiders, although it would be towards the lower end of that range today given the cut in US interest rates in response to the coronavirus and the flight to safety that pushed yields on 10-year US Treasuries to a record low of less than 0.7%. - The Sunday Times
Read moreSupermarket sales rise as shoppers snap up hygiene products
3rd Mar 2020 09:25
(Sharecast News) - Supermarket sales rose at their fastest pace since November in February as consumers bought more health and hygiene products in response to the coronavirus outbreak.
Read moreOcado loss widens on cost of warehouse fire
11th Feb 2020 07:03
(Sharecast News) - Ocado's annual loss more than quadrupled as costs rose and the online grocer and logistics company paid for the destruction by fire of a high-tech warehouse.
Read moreMonday broker round-up
10th Feb 2020 12:52
(Sharecast News) - Consort Medical: RBC Capital Markets upgrades to sector performer with a target price of 1,010p.
Read moreThursday broker round-up
6th Feb 2020 13:15
(Sharecast News) - CMC Markets: Peel Hunt downgrades to add with a target price of 180p.
Read moreMonday broker round-up
3rd Feb 2020 12:32
(Sharecast News) - Diageo: Kepler Cheuvreux upgrades to buy with a target price of 3,700p.
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