Sunday newspaper round-up: Sterling, PMIs, May's Brexit talks, GSK, Sports Direct
28th Aug 2016 13:45
(ShareCast News) - Hedge funds and other speculators have cranked up bets against the pound to their highest-ever level as sterling rises close to a three-week high. Short positions on the pound worth $7.8bn (£5.9bn) were racked up last week - the largest ever, according to US data used by the Sunda
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreDiscounters continue to increase market share, Kantar says
23rd Aug 2016 08:26
(ShareCast News) - Improved weather spurred shoppers to open up their wallets, leading to the largest acceleration in consumer spend on groceries since early 2016, according to the results of the most widely-followed figures on the sector's health. The overall market grew by 0.3% over the 12 weeks e
Read moreSupermarket prices rebound in July as UBS see Asda and Sainsbury markups
18th Aug 2016 10:40
(ShareCast News) - Good news for big supermarkets but less so for consumers was unearthed by UBS, which has found the price-cutting pressure on the industry had eased because Asda has been less energetic in its price cutting than has been widely expected. The UBS 'Evidence Lab', which has been colle
Read moreWednesday broker round-up
10th Aug 2016 10:11
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreDirectors dealings: Sainsbury non-execs pick up shares
3rd Aug 2016 17:44
(ShareCast News) - Sainsbury non-executive directors Brian Cassin and Susan Rice picked up shares in the grocer as its stock price neared its 52-week lows, despite the continued competitive pressures in the sector. Brian Cassin purchased 25,000 shares at an individual price of 222p on the 3 August,
Read moreUK supermarkets recall Yeo Valley-supplied yoghurts over rubber contamination fears
1st Aug 2016 12:53
(ShareCast News) - Britain's major supermarkets are withdrawing own-branded yoghurt products supplied by Yeo Valley as they may contain pieces of rubber, the Food Standards Agency said on Monday. The recall affects 23 varieties of yoghurt sold in Asda, Tesco, Sainsbury's, Waitrose, and Co-op. The F
Read moreSunday newspaper round-up: SAB Miller, BoE, US elections
31st Jul 2016 17:39
(ShareCast News) - The maker of Budweiser is this weekend scrambling to find enough support among SAB Miller shareholders to ensure it can buy the FTSE 100 brewer for £79bn. Anheuser-Busch InBev, which also owns Stella Artois, is attempting to reach the hundreds of investors on SAB's register - incl
Read moreBig four supermarkets all lose ground to discounters post-Brexit
26th Jul 2016 09:02
(ShareCast News) - Tesco, Sainsbury, Asda and Morrison lost further market share to discounters as the Big Four all saw sales drop in the weeks following the Brexit vote, though as a whole the sector saw sales bounce back slightly on previous months. A monthly report from research firm Kantar Worldp
Read moreSainsbury's £1.4bn Home Retail acquisition gets CMA approval
22nd Jul 2016 07:59
(ShareCast News) - The £1.4bn combination of Sainsbury's and Argos owner Home Retail Group was a step closer on Friday, with the Competition and Markets Authority dropping its investigation and allowing the acquisition by the supermarket to proceed. On 1 April, the boards of Sainsbury's and Home Ret
Read moreSainsbury's launches same-day delivery in wake of AmazonFresh foray
21st Jul 2016 15:01
(ShareCast News) - Sainsbury's is poised to begin trialing a same-day delivery service in London, recruiting for 470 roles as it seeks to raise its game in the wake of Amazon's launch into the grocery sector. The FTSE 100 supermarket group said its 185,000 sq ft new online fulfilment centre in Broml
Read moreMastercard optimistic about class action after Sainsbury's £69m rebate
14th Jul 2016 14:36
(ShareCast News) - Sainsbury's has won a £68.6m refund from Mastercard after a Competition and Appeal Tribunal ruling in London, although the judgment left the US credit card giant feeling more optimistic about a looming £19bn UK class-action lawsuit. MasterCard is involved in a raft of litigation o
Read moreTesco and Sainsbury's recall tinned goods over rubber fears
13th Jul 2016 10:19
(ShareCast News) - Both Tesco and Sainsbury's issued a recall for some tinned food on Wednesday, amid fears they may contain rubber. The supermarkets - Britain's number one and two grocers, respectively - confirmed the recall was a "precautionary measure", and advised customers not to eat the affect
Read moreSunday newspaper round-up: AstraZeneca, Asda, Italy
10th Jul 2016 16:58
(ShareCast News) - AstraZeneca is considering tabling a last-minute bid for a $10bn (£7.7bn) American cancer drug developer, which has become a target for some of the world's largest pharmaceutical companies. Medivation, which last week opened its books to Pfizer and Sanofi, is still courting other
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