Sainsbury's shares spark on takeover defence report
20th Sep 2021 13:45
(Sharecast News) - Shares in J Sainsbury sparked on Monday on reports that the supermarket chain was working with a boutique investment bank to help defend itself from a potential takeover.
Read moreSupermarket prices rise as cost pressures mount
14th Sep 2021 09:53
(Sharecast News) - Supermarket prices rose sharply in September as grocers cut in-store promotions amid increased cost pressures, a survey showed.
Read moreSainsbury's bank sale would make sense, Shore says
31st Aug 2021 13:09
(Sharecast News) - A sale of Sainsbury's bank would be a sensible move for the supermarket group as it concentrates on its core retail business, Shore Capital said after a press report that a deal was in the works.
Read moreSunday newspaper round-up: China, Central Banks, Sainsbury's
29th Aug 2021 21:13
(Sharecast News) - Some of China's most valuable public companies could abandon their American stock listings within months, experts have warned, after reports emerged that Beijing is planning a wider crackdown on tech companies going public overseas. The development means that more than $2tn (£1.5tn) of capital invested in the US shares of Chinese companies could be at risk. Reports on Friday suggested that Beijing was about to take further action against tech firms that deal with sensitive customer data, by forcing them to seek formal approval for initial public offerings (IPOs) outside China. - Guardian
Read moreShoreCap stays at 'buy' on Sainsbury, says report of potential bid interest 'flaky'
23rd Aug 2021 13:47
(Sharecast News) - Analysts at ShoreCap stood by their buy recommendation for shares of Sainsbury given the improved strategic economic outlook for the industry.
Read moreSainsbury's surges amid takeover speculation
23rd Aug 2021 08:42
(Sharecast News) - Sainsbury's shares surged on Monday following a report that US private equity firm Apollo is considering a bid for the UK supermarket chain.
Read moreSunday newspaper round-up: Sainsbury's, Legal and General, Asos
22nd Aug 2021 15:01
(Sharecast News) - Private equity giants are circling Sainsbury's with a view to possibly launching bids of more than £7 billion, as the bidding war for Morrisons reignites interest in the supermarket industry. American buyout giant Apollo is said to be running the rule over Britain's second-largest supermarket chain. It has been scouring the industry for targets after being outbid for Asda last year, and remains in talks to join the Fortress-led consortium bidding for Morrisons. Any involvement in that deal may preclude a move for Sainsbury's. - Sunday Times
Read moreGrocery sales falling more slowly in last four weeks
17th Aug 2021 09:43
(Sharecast News) - Grocery sales fell 4% year-on-year over the 12 weeks to 8 August, fresh data revealed on Tuesday, although sales were declining much more slowly in the shorter term, by 0.5% over the past four weeks.
Read moreGrocery sales falling more slowly in last four weeks
17th Aug 2021 09:43
(Sharecast News) - Grocery sales fell 4% year-on-year over the 12 weeks to 8 August, fresh data revealed on Tuesday, although sales were declining much more slowly in the shorter term, by 0.5% over the past four weeks.
Read moreUK supermarkets fear panic-buying amid 'pingdemic' fiasco
22nd Jul 2021 11:02
(Sharecast News) - British supermarkets have called on the government to include the sector in its plan to exempt critical workers from isolation if they have been "pinged" by the NHS Covid test-and-trace app amid fears of food shortages on shop shelves.
Read moreSunday newspaper round-up: Smiths Group, Virgin Galactic, Sainsbury
11th Jul 2021 18:09
(Sharecast News) - One of Britain's biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator. City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal. - Financial Mail on Sunday
Read moreWednesday broker round-up
7th Jul 2021 14:03
(Sharecast News) - WM Morrison: Berenberg downgrades to hold with a target price of 254p.
Read moreSainsbury's ups guidance as sales beat expectations
6th Jul 2021 07:02
(Sharecast News) - Sainsbury's increased its guidance for annual profit after sales beat expectations in the first 16 weeks of 2021.
Read moreTuesday preview: US services PMI, Sainsbury in focus
5th Jul 2021 17:49
(Sharecast News) - The spotlight on Tuesday will fall on the US services sector as the Institute for Supply Management publishes the results of its closely-followed Purchasing Managers survey covering the month of June.
Read moreSupermarket sales ease as shoppers get back to normal
22nd Jun 2021 10:17
(Sharecast News) - Supermarket sales eased over the last three months, industry data showed on Tuesday, as shoppers made more regular trips but spent less.
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