Wednesday preview: Sainsbury's in the spotlight with trading update
12th Jan 2016 12:10
(ShareCast News) - J Sainsbury reports its trading update on Wednesday, a day after the latest figures from Kantar Worldpanel revealed it was the only one of the Big Four supermarkets to increase its market share. In the 12 weeks ending 3 January, Sainsbury's increased sales by 0.8% on last year as
Read moreSupermarket sales slip over Christmas, Kantar finds
12th Jan 2016 08:01
(ShareCast News) - UK supermarket industry sales over the festive period fell by 0.2% on last year, though Sainsbury's continued to grab market share along with the ever-rising discounters. Market data from Kantar Worldpanel for the 12 weeks ending 3 January found Sainsbury's increased sales by 0.8%
Read moreMonday newspaper round-up: China, AB Inbev, Supermarkets
11th Jan 2016 07:20
(ShareCast News) - China has opened a new front in its war to curb currency depreciation by buying up renminbi offshore, foiling the burgeoning carry trade and driving the cost of borrowing to a record high. The overnight CNH Hibor, a daily benchmark for offshore renminbi interbank lending, hit a re
Read moreSunday newspaper round-up: BT, Shire, Sainsbury's, Laird
10th Jan 2016 16:15
(ShareCast News) - A handful of much-anticipated deals could be announced in the coming week, according to the Sunday newspapers, including BT's acquisition of EE, Shire's takeover of Baxalta and Sainsbury's follow up offer for Home Retail. BT's acquisition of mobile phone network EE will be given f
Read moreSainsbury's denies rumours Home Retail bid could be blocked by Qataris
7th Jan 2016 08:05
(ShareCast News) - Sainsbury's has come out to deflect rumours that major shareholder may block the supermarket's attempt to acquire Home Retail Group. The Qatari Investment Authority, which holds a huge 25.1% stake in Sainsbury's, was reported to have expressed unease about its £1bn bid for the Arg
Read moreThursday newspaper round-up: Osborne, World Bank, Sainsbury's
7th Jan 2016 07:16
(ShareCast News) - George Osborne is warning that 2016 could mark "the beginning of the decline" for Britain unless the country sticks to tough economic reforms, citing the Chinese slowdown and plummeting oil prices among "a dangerous cocktail of new threats". The pace of China's falling currency, n
Read moreBroker tips: Tullow Oil, HSBC, Sainsbury's
6th Jan 2016 17:24
(ShareCast News) - Tullow Oil is in a better position than some of its peers to withstand low oil prices thanks to its oil price hedges and current UK corporate tax legislation, a top broker said on Wednesday. Oil exploration and production companies are in a race against time, waiting for low oil p
Read moreAnalysts see 'genius or madness' in Sainsbury's Home Retail offer
6th Jan 2016 07:59
(ShareCast News) - Brokers remained undecided and a little perplexed by Sainsbury's revelation that it is pondering making another takeover bid for Home Retail after a November offer was rejected. Sainsbury's now has until 2 February to announce either a firm intention to make an offer or that it do
Read moreFTSE 100 movers: Miners reverse downward trend
5th Jan 2016 14:02
(ShareCast News) - The FTSE 100 had rebounded from Monday's losses by mid-afternoon Tuesday, with the blue chip index up 39.12 points (0.64%) to 6,132.55. Miners Glencore, Anglo American, Fresnillio and Rio Tinto reversed their losses from the start of the week and led the risers after news the UK c
Read moreSainsbury's mulling new offer for Home Retail after approach rejected
5th Jan 2016 12:23
(ShareCast News) - Sainsbury's has revealed it is still considering making a takeover offer for Home Retail after a November approach for the FTSE 250 retail group was rejected. The FTSE 100 grocer said it was considering its position but there was no certainty that this will result in a formal offe
Read moreDeutsche Bank upgrades Tesco and WM Morrison ahead of Christmas results
5th Jan 2016 08:44
(ShareCast News) - Deutsche Bank has upgraded Tesco and WM Morrison ahead of the supermarkets releasing Christmas trading figures later this month. In a note from the investment bank on Tuesday, Tesco was upgraded from 'hold' to 'buy' but had its target price cut from 210p to 200p, while Morrison's
Read moreSainsbury's sale of pharmacies delayed by CMA probe
29th Dec 2015 11:34
(ShareCast News) - The sale of Sainsbury's pharmacy business to Celesio has been delayed after the UK competition watchdog said it was launching a full investigation. The Competition and Markets Authority has referred Sainsbury's deal to outsource the management of its pharmacies to Celesio to a 'ph
Read moreAmazon to accelerate UK grocery plans
29th Dec 2015 08:28
(ShareCast News) - Amazon has revealed it plans to ramp up its UK grocery offering in the new year, adding a significant new disruptive pressure into the already aggressively competitive supermarket industry. The UK online retailing colossus launched its Pantry service in Britain in November, off
Read moreFTSE 100 movers: New Standard Chartered executive bolsters share price
17th Dec 2015 13:55
(ShareCast News) - The FTSE 100 was buoyed by yesterday's Fed rate hike, climbing 47.79 points (0.79%) to 6,108.98 by mid-afternoon Thursday. Standard Chartered's share price was bolstered after news around lunchtime that it has hired HSBC veteran Simon Cooper to head up its corporate and institutio
Read moreFTSE 100 movers: Old Mutual rebound continues
15th Dec 2015 13:58
(ShareCast News) - The FTSE was on track to reverse Monday's losses, with the blue chip market up 124.93 points (2.13%) mid-afternoon Tuesday to 5,998.99 points. Old Mutual continued to rebound after last week's losses due to political issues in South Africa. A broker downgrade and weaker rand weig
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