Monday broker round-up
7th Jun 2021 12:58
(Sharecast News) - Sainsbury's: Jefferies downgrades to hold with a target price of 280p.
Read moreJefferies lowers Sainsbury's to 'hold', remains 'upbeat' on UK food retailers
7th Jun 2021 11:12
(Sharecast News) - Analysts at Jefferies downgraded supermarket giant Sainsbury's from 'buy' to 'hold' on Monday, stating that while they remained "upbeat" on UK grocers, there appeared to be better value elsewhere.
Read moreSunday newspaper round-up: Reopening, Ryanair, Neptune Energy
23rd May 2021 12:44
(Sharecast News) - Health chiefs have boosted hopes of a June 21 reopening, saying the numbers are "looking very good" with just six deaths recorded from the Indian variant. Dr Jenny Harries, the chief executive of the UK Health Security Agency, said experts were "increasingly confident" about the effectiveness of vaccines against the strain in preventing severe disease. - Sunday Telegraph
Read moreWednesday broker round-up
5th May 2021 13:43
(Sharecast News) - Lloyds Banking Group: RBC Capital Markets reiterates outperform with a target price of 5,100p.
Read moreSupermarket shoppers return to stores as lockdown eases
5th May 2021 11:02
(Sharecast News) - Online grocery sales growth slowed in April as increasingly confident shoppers started returning to stores following the easing of lockdown restrictions, a survey showed.
Read moreSainsbury's holds dividend despite profit plunge
28th Apr 2021 07:16
(Sharecast News) - Sainsbury's annual profit fell 39% as rising food sales were outweighed by higher costs during the Covid-19 crisis but the company kept its annual dividend unchanged.
Read moreVaccinated shoppers help boost UK supermarket sales
27th Apr 2021 10:40
(Sharecast News) - Take-home grocery sales are continuing to grow, industry data showed on Tuesday, as the ongoing vaccine rollout and easing of lockdown restrictions boost demand.
Read moreUK grocery sales ease on anniversary of pandemic
30th Mar 2021 11:33
(Sharecast News) - British grocery sales slowed ahead of the anniversary of the first national lockdown, industry data published on Tuesday showed.
Read moreLockdown continues to weigh heavily on shop prices - BRC
30th Mar 2021 08:04
(Sharecast News) - Shops prices continued to fall in March, industry research showed on Wednesday, as embattled retailers discounted goods.
Read moreUp to 1,150 jobs at risk at Sainsbury's
4th Mar 2021 07:49
(Sharecast News) - J Sainsbury is to cut 500 office jobs, with another 650 positions also at risk, as the supermarket chain overhauls workspace and looks to boost its online offering.
Read moreSainsbury's to forgo business rates relief
3rd Mar 2021 15:13
(Sharecast News) - Sainsbury's said on Wednesday that it will forgo business rates relief on all of its stores again this year, after chancellor Rishi Sunak announced in his budget an extension until the end of June for all retail, hospitality and leisure businesses in England.
Read moreUK grocery sales surge as lockdown shutters hospitality sector
2nd Mar 2021 09:14
(Sharecast News) - Grocery sales surged over the last month, industry data showed on Tuesday, as the lockdown continued to curtail spending in cafes, pubs and restaurants.
Read moreCredit Suisse upgrades Tesco, downgrades Sainsbury's
24th Feb 2021 10:57
(Sharecast News) - Credit Suisse switched its preference from Sainsbury's to Tesco on Wednesday as it took a look at the UK food retail sector.
Read moreSainsbury's to match Aldi prices in new battle on market share
10th Feb 2021 09:15
(Sharecast News) - UK supermarket Sainsbury's said it was slashing the prices of hundreds of essential groceries to match discount rival Aldi.
Read moreOnline grocery sales surge as lockdown 3.0 bites
9th Feb 2021 10:08
(Sharecast News) - British shoppers spent a record £1.4bn buying groceries online last month, industry data showed on Tuesday, following the introduction of the third national lockdown.
Read more