CMA to probe Sainsbury's pharmacy sale to Lloyds owner
9th Sep 2015 15:44
(ShareCast News) - Sainsbury's sale of its in-store pharmacies to Lloyds Pharmacies owner Celesio will be investigated by the UK competition regulator. The Competition and Markets Authority (CMA) said it would probe the deal to see if it would result in a substantial reduction of competition within
Read moreUK retail sales slip back despite food recovery, says BRC-KPMG
8th Sep 2015 06:59
(ShareCast News) - UK retail sales fell during August, though supermarkets fared better as the recovery in food sales accelerated. Like-for-like retail sales fell 1.0% in August compared to the same month in 2014, versus optimistic consensus forecasts of a 0.9% rise, while total sales fell 0.1%, acc
Read moreDiscounters set to eat Tesco´s lunch, JP Morgan says
2nd Sep 2015 11:01
(ShareCast News) - The UK´s 'Big 4' food retailers pose "a rather structural threat" for the industry, according to JP Morgan. In Ireland, Aldi and Lidl already have 18% of the market in the bag - alongside 8% of the UK market in the till - and are continuing to grow their market shares the fastest.
Read moreSupermarket sales volumes fall in August says Nielsen
28th Aug 2015 11:05
(ShareCast News) - The volumes of UK supermarket sales in recent weeks fell for the first time since December, with Tesco, Sainsbury and Morrison all losing market share to discount stores. According to data gathered by Nielsen, grocery sales volumes shrank 0.3% during the four weeks ending 15 Au
Read moreSainsbury's loses second place to Asda, says Kantar
25th Aug 2015 11:22
(ShareCast News) - Growth in the British grocery markets continued to be sluggish, with all the "big four" chains losing market share, according to the latest figures published by Kantar Worldpanel for the 12 weeks ending 16 August. Sainsbury's was the only one of the "big four" to post any growth,
Read moreSainsbury's Brand Match extended to online customers
18th Aug 2015 12:21
(ShareCast News) - Sainsbury's Brand Match scheme will be available to online customers as of Wednesday, following a successful trial in Northern Ireland. Online shoppers will receive a message confirming whether their basket was better value at Sainsbury's than rival Asda. If this is not the case,
Read moreGoldman Sachs sells Sainsbury and buys Ocado over Amazon Fresh food launch
14th Aug 2015 08:57
(ShareCast News) - Goldman Sachs said the sell-off in Ocado shares has been an unwarranted over-reaction to news that Amazon is planning to launch its Fresh food offering in the UK, as it will be worse news for bricks-and-mortar grocers. Goldman retained its 'buy' rating on Ocado and 'sell' on Sains
Read moreUK retail sales slowed by food decline, BRC-KPMG finds
11th Aug 2015 09:15
(ShareCast News) - A decline in food sales led to a slowing in UK retail sales growth in July, although the BRC-KPMG retail sales monitor increased more than was predicted. With strong non-food sales offsetting a negative performance from food, like-for-like sales in July rose 1.2% year-on-year, ahe
Read moreSainsbury's sells in-store pharmacies to Lloyds Pharmacies owner Celesio
29th Jul 2015 10:49
(ShareCast News) - Sainsbury's has agreed to sell its in-store pharmacies to Celesio, owner of Lloyds Pharmacies, for £125m. The supermarket group said it was forming a "strategic partnership" with Lloyds as it would receive commercial annual rent payments for each of its 281 pharmacies, including 2
Read moreSainsbury's overtakes Asda as UK's second-biggest supermarket
28th Jul 2015 16:03
(ShareCast News) - Sainsbury's has overtaken Asda to become the number two supermarket after Tesco, according to data released by market researcher Kantar Worldpanel. Despite a fall in sales of 0.3%, Sainsbury's had edged its market share of 16.5% ahead of Asda, which now stands at 16.4%. Kantar sa
Read moreFTSE 100 movers: Pearson plumped on FT sale, ARM bounces, Aberdeen drops
23rd Jul 2015 15:35
(ShareCast News) - London's blue chip index bumped along just above parity for most of Thursday, as the bid talk for Pearson's iconic Financial Times newspaper and various company results announcements were the prime mover of prices. As of 15:30, the FTSE 100 was trading just 0.06% lower at 6,663.02
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read moreSunday newspaper round-up: Bank ring-fence, Standard Chartered, interest rates
19th Jul 2015 16:26
(ShareCast News) - The looming ring-fence plan to separate bank's investment and retail arms may be watered down as part of the government's attempts to re-engage with the City. The Sunday Times has been told by senior City and Treasury sources that behind-the-scenes talks with the Bank of England h
Read moreSainsburys chief Coupe unveils plans to boost sales
19th Jul 2015 14:46
(ShareCast News) - J Sainsbury chief executive Mike Coupe has laid out plans on how he intends to "reinvent the superstore" as he battles to reverse the retailer's falling sales. He said he was looking to make the overall shopping experience simpler, quicker and bring it up-to-date with the habits o
Read moreCMA supermarkets report "neutral for retailers" says ShoreCap
16th Jul 2015 12:15
(ShareCast News) - Supermarkets do not have much to fear from the UK competition regulator's report on pricing practices, according to analyst Clive Black at Shore Capital. The Competition and Markets Authority (CMA) was moved to examine the industry after a 'cuper-complaint' from Which?, the consum
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