FTSE 100 movers: Miners and oilers weigh while IAG climbs
26th Oct 2016 14:14
(ShareCast News) - Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance. The blue chip index was falling increasingly sharply as the day wore on, down 1.4% by mid afternoon, with Antofagasta's 6.
Read moreBroker tips: Sainsbury, Diageo, Metro Bank
26th Oct 2016 13:34
(ShareCast News) - Goldman Sachs removed Sainsbury from its 'conviction sell' list, keeping at 'sell', with a 195p price target. The bank noted Sainsbury has significantly underperformed UK peers years-to-date, down 6% versus Morrison up 55% and Tesco up 41%. "Though we remain bearish on the stock,
Read moreGoldman removes Sainsbury from 'conviction sell' list
26th Oct 2016 09:08
(ShareCast News) - Goldman Sachs removed Sainsbury from its 'conviction sell' list, keeping at 'sell', with a 195p price target. The bank noted Sainsbury has significantly underperformed UK peers years-to-date, down 6% versus Morrison up 55% and Tesco up 41%. "Though we remain bearish on the stock,
Read moreSector movers: Retailers rise to the top
18th Oct 2016 16:17
(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage
Read moreTesco resumes market share growth, Kantar and Nielsen find
18th Oct 2016 08:29
(ShareCast News) - Tesco grew its market share in the last three months for the first time in five years, according to one batch of data released on Tuesday, while a rival survey found the best year-on-year sales figures for over three years. According to Kantar Worldpanel, which revealed price defl
Read moreBusiness rates fall for Big 4 grocers but rise for London businesses
10th Oct 2016 16:39
(ShareCast News) - The government's recent business rates announcement has significantly reduced tax for UK supermarket chains even while raising them for businesses in the capital. The Big 4 supermarket chains Sainsbury's, Tesco, Morrisons and Asda could receive a £173m tax reduction on their large
Read moreBroker tips: Imagination Technologies, Babcock, Sainsbury's
29th Sep 2016 11:56
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read moreSainsbury's sales slip again in second quarter
28th Sep 2016 07:07
(ShareCast News) - Sainsbury's blamed industry-wide falling food prices for a decline in like-for-like sales in the second quarter, masking growth in transactions and volumes in the period. The supermarket group, which is now also a major general merchandise retailer after completing the acquisition
Read moreSector movers: Hard Brexit concerns weigh on life insurers
26th Sep 2016 15:21
(ShareCast News) - Reports suggesting that Britain might be leaning towards a hard Brexit took their toll on the UK life insurance sector and weighed on cable in the process. Also over the weekend, reports also cited the Foreign Secretary as having indicated that an exit from the European Union migh
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreTesco sales improving as Kantar finds evidence of supermarket growth
20th Sep 2016 08:04
(ShareCast News) - UK supermarket industry sales growth remained unchanged in recent weeks, according to data from Kantar Worldpanel, with Tesco enjoying its best performance for two and a half years. Sales across the grocery sector grew 0.3% in the three months to 11 September, Kantar found, the sa
Read moreFTSE 100 movers: Morrisons leads rally, Hargreaves' double hit
15th Sep 2016 14:08
(ShareCast News) - Boosted by encouraging retail data and a serene Bank of England, the FTSE 100 turned higher by Thursday afternoon, with Morrisons topping the index. Interim results from the Yorkshire-based supermarket group strongly beat the market's estimates, with first half like-for-like sales
Read moreMost-shorted Morrisons could see burnt fingers for shorters, Cavendish warns
15th Sep 2016 12:02
(ShareCast News) - Around 18% of Wm Morrisons' stock is currently out on loan, offering investors the potential for strong gains should the grocer continue to perform as well as its half-year results suggest, a fund manager said on Thursday. The FTSE 100 supermarket is reported to be the second most
Read moreSunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons
11th Sep 2016 15:45
(ShareCast News) - At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boost
Read moreLidl GB chief executive Ronny Gottschlich resigns
9th Sep 2016 14:33
(ShareCast News) - Lidl's UK chief executive Ronny Gottschlich stepped down on Friday, after steering the budget supermarket's dramatic growth in the country. Gottschlich 41, oversaw the German supermarket's expansion in the UK to over 630 stores in six years. He will be replaced by Christian Härtn
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