Sunday share tips: Ibstock, Forterra, Asda, Tesco, Sainsbury
10th Jul 2016 16:35
(ShareCast News) - Don´t try to catch a falling brick was the view of The Sunday Times´s Danny Fortson regarding shares in Ibstock and Forterra. Stock in both brick-markers had tanked by almost 40% since the Brexit vote and in the case of the latter analysts at Deutsche Bank believed they had been '
Read moreSupermarkets hit by HSBC downgrade on Asda price cut, as deflation continues
6th Jul 2016 10:42
(ShareCast News) - HSBC has warned that supermarket sector profit margins are likely to be trampled afresh by a round of heavy price cuts from Asda, further ratcheting up price pressure as industry data shows price deflation continues unabated. With BRC-Nielsen data also released on Wednesday showin
Read moreSainsbury's to go ahead with Home Retail deal despite Brexit
5th Jul 2016 15:58
(ShareCast News) - Sainsbury's will press ahead with its proposed acquisition of Argos' owner Home Retail despite economic uncertainty surrounding Brexit. Since the UK voted to leave the European Union on the 24 June, the pound has plummeted to 31-year record lows and economists have predicted that
Read moreSainsbury's and Dansk Supermarked end Netto JV
4th Jul 2016 10:33
(ShareCast News) - Sainsbury's and Dansk Supermarked Group said on Monday that following a comprehensive review, they will end their joint venture of trial Netto UK stores that was launched in June 2014. It is expected that the 16 stores will continue to trade throughout July and will close during A
Read moreDiscounters Aldi and Lidl hit record grocery market share
28th Jun 2016 09:56
(ShareCast News) - Discounters Aldi and Lidl saw their combined share of the grocery market rise to a record high of 10.5% in the 12 weeks to 19 June, while the UK's big four supermarkets saw a drop in market and the overall market slipped into decline for the first time since January. Supermarket s
Read moreWincanton extends distribution deal with Sainsbury's
15th Jun 2016 07:55
(ShareCast News) - Wincanton has renewed its distribution contract with Sainsbury's, bringing the long-standing relationship between the two to over 25 years. The provider of supply chain solutions said the extension will see further ongoing efficiency and performance improvements in the logistics o
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreSainsubury's to appoint its CFO as boss of Home Retail after takeover completes
10th Jun 2016 07:56
(ShareCast News) - J Sainsbury announced on Friday it will appoint its chief financial officer John Rogers as chief executive of Home Retail Group on completion of its £1.4bn takeover. Rogers will replace John Walden, who is stepping down from Home Retail as chief executive. Sainsbury's said that
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read moreSainsbury's first quarter sales down 0.8%
8th Jun 2016 07:12
(ShareCast News) - Supermarket heavyweight Sainsbury's said like-for-like retail sales fell 0.8% excluding fuel and were down 1% including petrol. Total retail sales rose 0.3%, excluding fuel, and were down 0.1% including petrol sales. The company said it had started to implement its decision to re
Read moreWednesday preview: Sainsbury's reports first quarter trading update
7th Jun 2016 12:55
(ShareCast News) - J Sainsbury will on Wednesday post its trading update for the 12 weeks to 4 June. The supermarket is expected to report a drop in first quarter like-for-like sales due to its shift away from multi-pack promotions to simpler price cuts. Kantar Worldpanel last week said the superma
Read moreTesco and Morrison gain share as big supermarkets fight on, Kantar says
1st Jun 2016 08:36
(ShareCast News) - All four of the major supermarkets - Tesco, Sainsbury, Walmart's Asda and Morrison - endured a year-on-year decline in sales during the last twelve weeks, according Kantar and Nielsen data, though their market share remained solid. Across the grocery sector, Kantar Worldpanel foun
Read moreTuesday newspaper share tips: British Land, Marks & Spencer
17th May 2016 12:36
(ShareCast News) - The relative under-performance of British Land's shares in recent months is arguably a tell for heightened risk aversion among investors, says the Financial Times' s Lex column. It pointed to the 23 June referendum that would decide whether the UK continued as part of the EU, and
Read moreMyLocal reportedly to sell 10% of sites
17th May 2016 11:20
(ShareCast News) - MyLocal, a convenience store chain established less than a year ago, is to sell more than 10% of its sites in a move that will cast doubt on its owner's long-term commitment to the business, Sky News reported citing a source close to the situation. The report said "just under" 25
Read moreGrocers and miners lead gains
13th May 2016 20:22
(ShareCast News) - Miners and grocers led gains on the market as the selling pressure on two of the past week's worst performers eased a bit. Gains in the former were particularly noteworthy, coming as they did in the face of an across-the-board retreat in commodity prices, in part as the US dollar
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