Tesco loses share as supermarket sector prices fall further, says Kantar
20th Oct 2015 10:01
(ShareCast News) - The supermarket price war was continuing to rage in full force to the benefit of consumers, who were opting to pocket the savings, survey compiler Kantar Worldpanel said. In the 12-week period ending on 11 October overall supermarket sales were up by only 0.8% in comparison to a y
Read moreTesco and Morrison lose market share, Nielsen's dismal data shows
20th Oct 2015 08:18
(ShareCast News) - Two of the UK's three listed grocers saw their market share drop in the latest 12 week period, according to reports citing the latest data available from Nielsen, as the grocery sector suffered a rare fall in both sales value and volume in the last four weeks. In the four weeks to
Read moreAsda appoints Sainsbury's retail director as new COO
13th Oct 2015 09:35
(ShareCast News) - Walmart-owned Asda has appointed Sainsbury's retail and operations director Roger Burnley as its new chief operating officer. Burnley, who will take up to a year of gardening leave, will take on the role at Asda next year. Chief executive Andy Clarke said: "These are times of unp
Read moreSunday newspaper round-up: Global recession, Glencore, Prudential
4th Oct 2015 19:29
(ShareCast News) - Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Released ahead of the annual meetings of the International Monetary Fund and World Ban
Read moreSainsbury contacted by watchdog over supplier income disclosures
4th Oct 2015 13:25
(ShareCast News) - Supermarket chain J Sainsbury has received a letter from the Financial Reporting Council (FRC) relating to supplier income disclosures. The watchdog has apparently written an exploratory letter to the grocery retailer with questions over its failure to include in its accounts inco
Read moreLondon close: Stocks finish up after slate of factory PMIs
1st Oct 2015 16:23
(ShareCast News) - The FTSE ended on a positive note but off its best levels of the day as investors sifted through a batch of manufacturing data in the UK, China and the US. The top flight index edged higher by 10.86 points to finish the session at 6,072.47. Markit's purchasing managers' index on
Read moreFTSE 100 movers: Oil prices drive Shell and BP up; Glencore nearly back to Friday levels
1st Oct 2015 13:41
(ShareCast News) - The FTSE 100 was up 47.61 (0.79%) mid-afternoon Thursday to 6,109.22 London Stock Exchange Group led the risers after Barclays upgraded sharemarket organiser and transaction services provider Deutsche Boerse from underweight to overweight. Pearson was also a beneficiary of a posi
Read moreLondon midday: Stocks climb as UK, China PMIs beat forecasts
1st Oct 2015 11:14
(ShareCast News) - London stocks climbed on Thursday after better-than-forecast UK and Chinese manufacturing data. Markit's purchasing managers' index on UK manufacturing fell to 51.5 in September from a revised reading of 51.6 in August, although it beat analysts' estimates of 51.3 and was above th
Read moreLondon close: Stocks buoyed by Glencore and Sainsbury's
30th Sep 2015 16:14
(ShareCast News) - The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore. Glencore dominated the FTSE 100 after saying it has taken proactive steps to position the mining company to withstand current market conditions incl
Read moreFTSE 100 movers: Sainsbury leads the pack; Glencore and Wolseley rebound
30th Sep 2015 13:48
(ShareCast News) - After a poor start to the week, the FTSE 100 rebounded to 6,031.13 mid-afternoon Wednesday, up 121.89 (2.06%) J Sainsbury led the pack after posting a positive second quarter trading statement. The supermarket giant said it expects full-year underlying pre-tax profits to be modera
Read moreLondon midday: Stocks gain despite downward revision of UK GDP
30th Sep 2015 11:09
(ShareCast News) - London stocks gained as investors shrugged off a downward revision to second quarter UK gross domestic product and a report showing the Eurozone entered deflation in September. UK GDP was unexpectedly revised lower to 2.4% year-on-year from the previous estimate of 2.6%, according
Read moreSainsbury sees full-year profits 'moderately ahead' of £548m forecast
30th Sep 2015 07:20
(ShareCast News) - Full-year underlying pre-tax profits at supermarket giant J Sainsbury are expected to be moderately ahead of its £548m forecast, the company said on Wednesday. In a second quarter trading statement, the company said total retail sales for the period were up 0.3% excluding fuel sal
Read moreBernstein reiterates Tesco and Sainsbury's hold ratings
29th Sep 2015 16:08
(ShareCast News) - The supermarket industry had a boost thanks to Bernstein reiterating some of its ratings. The investment firm has reiterated its outperform ratings for UK supermarket chains Tesco and Sainsbury. It comes ahead of tomorrow's trading update for Sainsbury. It's the second lot of su
Read moreFTSE 100 movers: Glencore rebounds; Wolseley sinks lower
29th Sep 2015 14:30
(ShareCast News) - The FTSE 100 was down 40.21 points (0.67%) mid-afternoon to 5,918.65. After a dismal day on Monday, Glencore led the market risers after Citigroup and Bernstein both said the market had exaggerated concerns about the company's financial health. It's a big turnaround, after shares
Read moreFTSE 100 movers: Morrison and Marks lead retail rout
14th Sep 2015 16:15
(ShareCast News) - Despite some early gains, the FTSE 100 index closed in the red on Monday, finishing down 0.54% at 6,084.59. The index was led lower by Wm Morrison Supermarkets as its shares were sold down after HSBC slashed its forecasts for 2016-2018 by 20-30% apiece and maintained a 'reduce' ra
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