Sainsbury's "best positioned" among grocery stocks, Charles Stanley upgrades
15th May 2015 14:35
Charles Stanley has lifted its recommendation for J Sainsbury from 'hold' to 'accumulate' despite the grocer's weak results earlier this month. Analyst Sam Hart said that investor sentiment towards the supermarket giant could improve. Trading conditions for Sainsbury's are expected to remain challe
Read moreFTSE 100 movers: ITV hit by strike and stiff BBC competition, miners lower
14th May 2015 12:56
UK stocks rebounded from early losses, but remained restrained by concerns of Greek instability. Sector wise, miners and technology services provided the biggest drag, while insurers and utilities gave a welcome boost. At 1:45 BST, the FTSE 100 was trading 12 points higher at 6,962. ITV declined a
Read moreFTSE 100 movers: Mondi surges on strong profits, Admiral hit by CEO resignation
13th May 2015 13:15
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property stocks extended gains, while miners and supermarkets dipped. As of 02:10, the FTSE 100 was trading 9 points, or 0.28% higher at 6,954, with Mondi toppin
Read moreSupermarket promotions war rages on, Nielsen grocery data shows
8th May 2015 12:12
Supermarket sales volumes rose for fifth straight month as promotional spending increased to 34% of sales and price deflation scraped along at an all-time low, the latest Nielsen market share data showed. Sainsbury's suffered the smallest decline in year-on-year sales to stand out at the best perfor
Read moreLondon close: Stocks creep higher but risk appetite limited ahead of elections
6th May 2015 16:32
UK stocks finished a choppy session marginally in positive territory on Wednesday as investor risk appetite was curbed by pre-election uncertainty and cautious comments from Federal Reserve chair Janet Yellen. The FTSE 100 closed up 6.16 points (+0.09%) at 6,933.74, rebounding slightly after settlin
Read moreFTSE 100 movers: Sainsbury plummets on first loss in decade, miners lower
6th May 2015 13:24
Sainsbury's led the fallers after swinging to its first annual loss in a decade, though results still came in ahead of analysts' expectations. The grocer reported a pre-tax of £72m for the year ended March, compared with a £898m profit previously, prompting it to slash it full-year dividend by 23.7%
Read moreLondon midday: Stocks pare gains as election uncertainty kicks in
6th May 2015 11:30
UK stocks bounced off a one-month low on Wednesday though gains were quickly trimmed as mining stocks dropped into the red and Sainsbury's extended losses after an underwhelming annual report. The FTSE 100 was up just 0.11% at 6,935.50 by midday, having pulled back after reaching a high of 6,974.82
Read moreBroker tips: Vodafone, Sainsbury's, Aberdeen, Greene King
6th May 2015 11:27
Exane BNP Paribas said it sees "much better times ahead" for Vodafone as it upgraded its view on the stock from 'neutral' to 'outperform'. "The combination of a dramatically improved proposition (both absolute and relative), the secular trend of increased data consumption and the benefits of an impr
Read moreShoreCap maintains 'sell' on Sainsbury's as Tesco revitalises
6th May 2015 11:17
Annual underlying profits at Sainsbury's beat analysts' forecasts on Wednesday, but Shore Capital still recommended investors to 'sell' shares of the grocery giant. The broker said it is worried that the supermarket has not yet reached then end of its downgrade cycle, especially on expectation of a
Read moreSainsbury's fares best as Big Four supermarkets all lose market share, says Kantar
6th May 2015 09:24
The Big Four group of UK supermarkets all lost market share in the last 12 weeks, with Sainsbury's performing best of this bunch and Asda the worst hit. According to data from Kantar Worldpanel, Tesco saw its market share shrink 0.4 percentage points to 28.4% in the 12 weeks to 26 April as its sales
Read moreLondon open: FTSE bounces as corporate earnings impress
6th May 2015 08:27
UK stocks bounced on Wednesday morning as investors picked up bargains after the FTSE 100 dropped to a one-month low the previous session. Blue chips Imperial Tobacco, Legal & General and GKN were leading the rise after impressing investors with results, while Vodafone was boosted by a broker upgrad
Read moreLondon pre-open: Stocks to rebound slightly from one-month low
6th May 2015 07:39
UK stocks are expected to inch higher early on Wednesday after dropping to their lowest finish in over a month amid political uncertainty and macro concerns. City sources predict the FTSE 100 will open four points higher than Tuesday's close of 6,927.58. This was the index's lowest close since 2 Apr
Read moreSainsbury's puts on brave face after swinging to annual loss, shares fall
6th May 2015 07:04
Supermaket group Sainsbury's has swung to its first annual loss in a decade and slashed its dividend by nearly a fifth following a hefty property impairment charge and a continued slump in sales. Results came in slightly better than the market had feared and management painted an optimistic outlook
Read moreWednesday preview: GSK and Sainsbury's top the bill amid earnings influx
5th May 2015 16:19
While investors will continue to look ahead to the elections, Wednesday's session is set to be a busy one for UK markets amid a barrage of blue-chip corporate earnings and economic data. Glaxosmithkline, Sainsbury's, Sage, Intu Properties, CRH, Direct Line, Legal & General and Boohoo.com are all exp
Read moreUBS optimistic on UK supermarkets, 'buys' Tesco, Sainsbury and 'sells' Morrisons
30th Apr 2015 13:40
Rather than fighting on price, UBS declared in its 'initiation of coverage' on the European food retail sector after its Evidence Lab undertook a large consumer survey in the UK, "the future is about differentiation". Overall, the earnings outlook for the European food retailers is "better than it w
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