FTSE 100 movers: Grocers pace gains, Meggitt hit by air travel woes
18th Mar 2020 14:38
(Sharecast News) - Grocers topped gains on the top-flight index amid indications of very strong demand in its stores as Britons made preparations for the coming lockdown.
Read moreSainbury's to ration key items, close food counters as panic buying soars
18th Mar 2020 10:16
(Sharecast News) - Sainsbury's has introduced a dedicated elderly-only shopping hour and limited the number of key products shoppers can buy, as it became the latest supermarket to stem panic buying.
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 moreCMA urges retailers "to act responsibly" during coronavirus outbreak
5th Mar 2020 14:28
(Sharecast News) - Britain's competition watchdog warned traders against trying to "take advantage of people" on the back of the current coronavirus outbreak.
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 moreSainsbury's Bank chairman Roger Davis to step down
12th Feb 2020 07:55
(Sharecast News) - Sainsbury's said on Wednesday that Roger Davis plans to step down as chairman of its banking division.
Read moreBoards risk missing targets for non-white directors
4th Feb 2020 12:19
(Sharecast News) - Board-level complacency and fear of change risk failure to achieve government-approved targets for ethnic minority representation at the top of British business, a report says.
Read moreUK supermarket sales growth subdued amid 'dry January', 'Veganuary'
4th Feb 2020 09:56
(Sharecast News) - Sales growth at UK supermarkets was subdued in the 12 weeks to 26 January, according to data from research firm Kantar.
Read moreSainsbury's invests ?1bn towards lowering carbon emissions
28th Jan 2020 08:55
(Sharecast News) - British grocery giant Sainsbury's committed £1bn over the next twenty years as part of an effort to become net-zero by 2040, in line with the goal to limit global warming to 1.5°C - the highest ambition of the Paris Agreement.
Read moreSainsbury CEO Coupe to step down; Replaced by Simon Roberts
22nd Jan 2020 07:02
(Sharecast News) - Supermarket chain Sainsbury's said chief executive Mike Coupe would had confirmed his intention to retire in July to be replaced by the company's retail and operations director Simon Roberts.
Read moreSainsbury to axe 'hundreds' more management jobs - Sky
21st Jan 2020 16:26
(Sharecast News) - Sainsbury's will let go "hundreds" more managers as it continues to try and integrate Argos, which it purchased in 2016, into its own stores.
Read moreSainsbury's total sales slip in Christmas quarter
8th Jan 2020 07:24
(Sharecast News) - Sainsbury's reported a decline in its total retail sales over the Christmas quarter on Wednesday, but pointed to "strong" grocery performance and online growth during the 15 weeks ended 4 January.
Read moreUK supermarket sales growth slows to four-year low over Christmas - Kantar
7th Jan 2020 09:05
(Sharecast News) - UK supermarket sales growth slowed to the lowest rate in four years over the Christmas period.
Read moreSupermarket sales growth slows; Lidl hits record market share - Kantar
10th Dec 2019 09:55
(Sharecast News) - UK supermarket sales growth slowed in the 12 weeks to 1 December as uncertainty about the upcoming general election, a "lacklustre" Black Friday and a wet autumn meant shoppers delayed their Christmas preparations.
Read moreMorrisons sales drop as big four supermarkets lose market share
12th Nov 2019 10:23
(Sharecast News) - Morrisons was the worst performer among the big four supermarkets in the 12 weeks to 3 November, according to data from market research firm Kantar.
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