Lidl, Aldi benefit from grocery inflation as supermarket spending falls
1st Mar 2022 09:14
(Sharecast News) - Spending in UK supermarkets fell over the last three months, but still remained above pre-pandemic levels, even as grocery prices continued to surge.
Read moreSupermarket prices rise as cost of living mounts
1st Feb 2022 08:57
(Sharecast News) - Grocery inflation hit 3.8% in December, industry data showed on Tuesday, as the cost of living continued to mount.
Read moreGetir to spend £100m, add 6,000 jobs in UK this year
24th Jan 2022 14:14
(Sharecast News) - Hurried grocery delivery firm Getir took the wraps off bold UK expansion plans on Monday, involving up to 6,000 new jobs.
Read moreBerenberg slightly raises target price on Sainsbury's following Q3 results
24th Jan 2022 11:11
(Sharecast News) - Analysts at Berenberg slightly raised their target price on grocery giant J Sainsbury from 275.0p to 285.0p on Monday following the group's third-quarter results.
Read moreSainsbury's lifts FY outlook despite fall in Xmas quarter sales
12th Jan 2022 07:22
(Sharecast News) - UK supermarket group Sainsbury's raised full-year profit forecasts despite a fall in underlying sales over Christmas.
Read moreSainsbury's exercises second option to buy Supermarket Income JV properties
7th Jan 2022 13:51
(Sharecast News) - Grocery property investor Supermarket Income REIT updated the market on its 50-50 joint venture with British Airways Pension Trustees on Friday.
Read moreTesco wins as supermarkets back in favour over Xmas - Kantar
5th Jan 2022 08:56
(Sharecast News) - UK supermarkets became popular once again as sales their highest level since March 2020 over Christmas with Tesco emerging as the main beneficiary.
Read moreCost of Christmas dinner jumps as food prices rise
7th Dec 2021 09:41
(Sharecast News) - Food inflation pushed higher last month, industry data showed on Tuesday, with Christmas staples already costing more.
Read moreSunday newspaper round-up: Taylor Wimpey, BT Group, Boots
5th Dec 2021 18:40
(Sharecast News) - Elliott Management has been building a stake in Taylor Wimpey, leading to speculation that a bid, possibly from a US-based suitor, might materialise for the construction company. In April, Elliott backed Berkeley DeVeer's takeover of Avant Homes and in November it took out short positions on shares of Bellway and Barratt. The size of the activist investor's stake was unknown. - Financial Mail on Sunday
Read moreRetailers warn over policing on mask mandates in England
29th Nov 2021 13:59
(Sharecast News) - UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.
Read moreSupermarket visits jump as shoppers look to Christmas
16th Nov 2021 10:34
(Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.
Read moreSupermarket prices surge as cost pressures bite
9th Nov 2021 10:51
(Sharecast News) - Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.
Read moreSainsbury's sticks to guidance as H2 profit rises
4th Nov 2021 06:35
(Sharecast News) - Sainsbury's stuck to its full-year guidance as the supermarket group reported a 23% increase in first-half profit boosted by higher grocery sales and cost cuts.
Read moreSainsbury's ends talks on sale of banking unit
22nd Oct 2021 07:15
(Sharecast News) - UK supermarket chain Sainsbury's said it had ended talks over the sale of its banking operation, claiming the potential bid did not offer good value for shareholders.
Read moreUK grocery sales fall as fuel crisis keeps shoppers at home
12th Oct 2021 07:44
(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
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