Sainsbury stands out as Tesco and Morrison sales fall, Kantar shows
15th Dec 2015 08:15
(ShareCast News) - Sainsbury's has continued to thwart its rivals in recent weeks, increased sales and growing its market share as Tesco, Asda and Morrison all saw sales fall, according to Kantar Worldpanel data. Difficult conditions continued for the industry, with total grocery market sales in the
Read moreFTSE 100 movers: Old Mutual claws back last week's losses
14th Dec 2015 13:58
(ShareCast News) - The FTSE 100 has started the week on a rollercoaster, shifting between positive and negative territory throughout the day. The market was back in the green by mid-afternoon Monday, up 7.63 points (0.13%) Old Mutual rebounded after last week's losses due to political issues in Sou
Read moreSunday newspaper round-up: Debenhams, Buy-to-Let boom, Lonmin
13th Dec 2015 19:42
(ShareCast News) - Debenhams has watered down the targets its bosses need to hit to receive multimillion-pound paydays, saying the lower hurdles reflect "ongoing challenges in the UK retail sector". The struggling department store chain, whose chief executive resigned in October after a wave of shar
Read moreFTSE 100 movers: Anglo American and Miners send market down
8th Dec 2015 13:31
(ShareCast News) - The FTSE 100 continued its slide, with the blue-chip market down 72.15 points (1.16%) to 6,151.37 by mid-afternoon Tuesday. Driving the market down was Anglo American after it said it will suspend its dividend to investors this year and the next as it announced a "radical" portfol
Read moreLondon-listed supermarket retailers rally on broker notes
8th Dec 2015 09:18
(ShareCast News) - Broker notes boosted supermarket retailers on Tuesday, with Sainsbury, Tesco and Morrison the top gainers on the FTSE 100. Bernstein said that where discount retailer Aldi isn't able to maintain price leadership, instead of running loss leaders, it is likely to reduce its branded
Read moreCiti upgrades Tesco but downgrades Sainsbury and Morrison
17th Nov 2015 09:28
(ShareCast News) - Citi has upgraded Tesco to 'buy' but downgraded Sainsbury's to 'neutral' and Morrison to 'sell' as the UK supermarket's big players jostle for position against the fast-expanding discounters in the ongoing industry price war. Published just before data from Kantar and Nielsen show
Read moreBig Four supermarkets sales sink, Nielsen shows
17th Nov 2015 08:41
(ShareCast News) - Sales at the 'Big Four' UK supermarkets sank 1.2% in the four weeks to the end of November, their largest year-on-year fall in the value of sales since October last year. Along with the decline in sales values, which are being dragged down by the industry's price war, volumes a
Read moreSainsbury's gains share as discounters claim fifth of grocery market, says Kantar
17th Nov 2015 08:01
(ShareCast News) - Discounters Aldi and Lidl have reached a combined share of 10% of the British grocery market for the first time, while Sainsbury's became the first major supermarket to claim a market share increase for over a year. The overall grocery market remained slow in the 12 weeks to 8 Nov
Read moreSainsbury looks resilient to Macquarie after gravity bites
16th Nov 2015 11:05
(ShareCast News) - Macquarie has upgraded its rating on Sainsbury's after the shares fell 13% since interim results last week and the supermarket proved its resilience in a tough market. With the shares now at a near-historic discount to the sector, the Australian bank lifted its rating to 'neutral'
Read moreAldi and Lidl plan to open five times as many new stores as Big Four
15th Nov 2015 11:48
(ShareCast News) - Discount supermarkets Lidl and Aldi are planning to open significantly more stores than Tesco, J Sainsbury, Morrisons and Asda combined, figures have revealed. The German retails have submitted a total of 171 planning applications, five times as many as the so-called 'Big Four', w
Read moreSainsbury's profits slump 18% in first half as price war bites
11th Nov 2015 06:58
(ShareCast News) - As like-for-like sales shrank 1.6% in the first half, Sainsbury's pre-tax profits crashed 17.9% lower to £308m, though were ahead of the average analyst forecasts of £300m. Underlying total sales in the first half contracted 2% to £13.6bn, with food sales down nearly 1% but clo
Read moreWednesday preview: UK unemployment eyed flat, Sainsbury's plunging profits
10th Nov 2015 14:04
(ShareCast News) - Wednesday will see a official UK unemployment reading as well as a smattering of UK corporate updates, including a big decline in profits at Sainsbury's. The UK Labour Force Survey for September will be delivered at 0930 GMT, following on from the last International Labour Organiz
Read moreMorrison and Tesco slump on Deutsche Bank downgrade
10th Nov 2015 09:20
(ShareCast News) - Tesco and Morrison were under pressure after Deutsche Bank downgraded the stocks as it took a look at the UK food retail sector. The bank resumed its coverage of Tesco following a period of restriction, cutting the stock to 'hold' from 'buy' and chopping the target price to 210p f
Read moreUK retail sales slump as non-food growth slows, BRC-KPMG says
10th Nov 2015 08:42
(ShareCast News) - UK retailers endured subdued sales during October, with a disappointingly flat reading for the BRC-KPMG Retail Sales Monitor and a like-for-like decline for the month. October retail sales fell 0.2% on a like-for-like basis compared to last year. Total sales for the month rose 0.
Read moreSugar taxes and food promotion clampdown could follow PHE obesity report
22nd Oct 2015 16:24
(ShareCast News) - A report by UK public health officials has found sugar taxes are an effective tool to combat obesity and has called for restrictions on food manufacturers and supermarkets offering deals on unhealthy foods and marketing to children. The report, 'Sugar Reduction: The evidence for a
Read more