Healthier options drive rise in supermarket sales in January
4th Feb 2025 09:37
(Sharecast News) - Supermarket take-home sales rose 4.3% over the four weeks ended 26 January compared with the same period last year, according to fresh data from Kantar on Monday.
Read moreLondon close: Stocks finish January on a positive note
31st Jan 2025 16:19
(Sharecast News) - London's financial markets concluded the week on a positive note, with Smiths Group in the green on breakup plans, as investors looked to the latest PCE inflation reading across the pond.
Read moreSainsbury's to cut 3,000 jobs as it closes cafes, hot food counters
23rd Jan 2025 12:34
(Sharecast News) - Sainsbury's said on Thursday that it would be cutting 3,000 jobs, including a 20% reduction of senior management roles, as it closes its remaining patisserie, hot food and pizza counters.
Read moreLondon close: Stocks fall after better-than-expected US payrolls
10th Jan 2025 16:11
(Sharecast News) - London stocks ended the week lower, with investors reacting to a better-than-expected US nonfarm payrolls report during the afternoon.
Read moreSainsbury's to lift wages by 5% after bumper Christmas trade
10th Jan 2025 07:02
(Sharecast News) - UK supermarket chain Sainsbury's said it would increase wages by 5% after bumper sales in its key Christmas quarter.
Read moreUK shoppers splurge on festive food and drink - NIQ
8th Jan 2025 11:59
(Sharecast News) - UK consumers splashed out a record £14.6bn on food and drink in the run-up to Christmas, industry research showed on Wednesday.
Read moreUK food and drink sales surge over Christmas
7th Jan 2025 07:21
(Sharecast News) - Household grocery spending hit a record high over Christmas, industry data showed on Tuesday, as shoppers snapped up festive food and drink.
Read moreLondon close: Stocks finish lower as Ashtead announces US move
10th Dec 2024 16:03
(Sharecast News) - London stocks closed in negative territory on Tuesday, weighed down by a dip in sentiment following news that Ashtead planned to shift its primary listing to the United States, adding to a growing trend of London-listed firms looking across the Atlantic.
Read moreUK supermarket sales set to top £13bn in December
10th Dec 2024 09:52
(Sharecast News) - UK supermarket sales are set to surpass £13bn in December for the first time, according to fresh data from Kantar on Tuesday, as shoppers geared up for the Christmas season.
Read moreLondon close: Stocks rise with deal news in focus
28th Nov 2024 16:07
(Sharecast News) - London markets ended Thursday in positive territory, with deal activity providing a significant boost to specific sectors.
Read moreSupermarket loyalty pricing not disadvantaging consumers - CMA
27th Nov 2024 08:04
(Sharecast News) - The Competition and Markets Authority (CMA) published its findings on loyalty pricing in the UK grocery sector on Wednesday, concluding that such practices were not creating unfair disadvantages after a nearly year-long review.
Read moreLondon close: Stocks finish week on positive note
22nd Nov 2024 16:06
(Sharecast News) - London's equity markets ended the week on a high note, as investors digested an improvement in UK consumer confidence, even as other indicators such as business output and retail sales painted a more challenging picture.
Read moreLondon close: Stocks mixed ahead of UK inflation, Nvidia results
19th Nov 2024 16:47
(Sharecast News) - London's equity markets closed with a mixed performance on Tuesday, as investors remained cautious ahead of the latest UK inflation data and closely watched US corporate earnings from Nvidia.
Read moreRBC Capital starts Sainsbury's at 'outperform', Tesco at 'sector perform'
19th Nov 2024 10:29
(Sharecast News) - RBC Capital Markets initiated coverage on Sainsbury's and Tesco on Tuesday, saying it sees "attractive" growth prospects for the two major UK listed grocery retailers.
Read moreLondon close: Stocks rise as dip buyers enter the fray
14th Nov 2024 15:50
(Sharecast News) - London markets ended Thursday in positive territory, with sentiment buoyed by robust corporate updates, as investors digested the latest producer price data out of the United States.
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