Shore Capital reiterates 'sell' on Sainsbury
7th Jan 2015 11:02
Sainsbury on Wednesday published better than expected sales figures for the third quarter but Shore Capital has reiterated selling shares in the grocer amid fierce competition. The grocery giant saw its like-for-like sales drop by 1.7%, which was comfortably ahead of the 3.2% fall which the consens
Read moreLondon pre-open: Traders waiting on Eurozone CPI data while oil slides
7th Jan 2015 07:56
UK stocks were expected to open slightly lower on Wednesday ahead of the release of Eurozone consumer price data which was expected to show the single currency area on the brink of deflation. City sources predict the FTSE 100 will open between 12 to 15 points higher than Tuesday's close of 6,366.51.
Read moreSainsbury's Christmas sales fall less than expected as price war heats up
7th Jan 2015 07:04
Despite a record-breaking Christmas week, Sainsbury's third-quarter like-for-like sales declined 1.7%, though this beat City expectations of a 3.2% fall, and the grocer announced a new investment in lowering 700 prices. For the 14 weeks to 3 January, the FTSE 100 supermarket group, the first of the
Read moreLondon open: Stocks bounce back despite oil price slide
6th Jan 2015 22:28
UK stocks staged an early bounce, following the losses sustained over the previous sessions, as traders waited on potentially market-moving data on Eurozone inflation and kept a wary eye trained on the continuing slide in oil prices. As of 09:12 the Footsie was higher by 37 points to 6,403.89, buoye
Read moreWednesday preview: Eurozone deflation on the cards, analysts predict
6th Jan 2015 16:21
The spotlight will shine on Eurozone inflation figures on Wednesday as the European Central Bank's (ECB) policy meeting looms. Analysts predict euro-area consumer prices fell 0.1% year-on-year in December after a 0.3% gain a month earlier. With the threat of deflation, the ECB is under mounting pre
Read moreBroker tips: Supermarkets, Oil services, Sky, Premier Foods
6th Jan 2015 12:23
After one of the worst years in living memory for investors and management in the British supermarket sector, broker Shore Capital expects expect 2015 to be another "very active and interesting" year, though the sector's nadir "may have been reached". "Given the collapse of profits over the last 12-
Read moreLondon midday: Stocks weighed down by economic data, oil and Greece
6th Jan 2015 11:49
Disappointing economic data and a continued slide in the price of oil pushed UK stocks firmly into the red on Tuesday, with the FTSE 100 trading at its lowest in three weeks. Ongoing concerns about a Greek exit from the Eurozone were also doing their bit to dampen market sentiment further. "The Gre
Read moreGrocery price war explodes as Asda invests £300m, Tesco and Sainsbury to follow suit
6th Jan 2015 11:45
The UK supermarket price war echoed to the latest shots fired on Tuesday morning as Asda ploughed its largest ever investment into grocery price cuts and Tesco and Sainsbury were rumoured to be in the midst of their own significant price investments. Walmart-owned Asda said it had invested £300m int
Read moreUK supermarket sector poised for strong cash generation, says Shore Capital
6th Jan 2015 10:50
After one of the worst years in living memory for investors and management in the British supermarket sector, broker Shore Capital expects 2015 to be another "very active and interesting" year, though the sector's nadir "may have been reached". Trading updates from the major supermarkets are due thi
Read moreOriel highlights upside risk at Tesco as grocers report on Christmas trading
5th Jan 2015 11:00
With all three of the listed UK supermarkets due to report on Christmas trading this week, Oriel Securities has predicted that Tesco is the most likely to "surprise on the upside". Like-for-like (LFL) sales at Tesco "should benefit from improved customer service and aggressive promotional and vouche
Read moreMonday newspaper round-up: ECB, UK retailers, PRA...
5th Jan 2015 06:40
A Financial Times survey of economists has uncovered scepticism surrounding a potential quantitative easing (QE) programme by the European Central Bank. Most economists questioned by the paper said they expected growth and inflation to remain weak even with QE. The Guardian reports that John Lewis'
Read moreTesco, Sainsbury's and M&S hit by Christmas blues
4th Jan 2015 11:33
Sainsbury's, Tesco and Marks & Spencer are set to report a decline in Christmas sales this week. The three retailers are widely expected to post disappointing festive figures, with Sainsbury's and Tesco bearing the brunt of a decline in food sales, while M&S suffered from a struggling clothing busin
Read moreFTSE 100 movers: Energy stocks hit by drop in crude, Lloyds boosted by upgrade
2nd Jan 2015 14:22
Sainsbury was trading lower as hedge funds forecast that the supermarket group would be damaged by the grocery industry's escalating price war. Lansdowne Partners, Odey Asset Management and Marshall Wace all blamed the growing popularity of discounters Aldi and Lidl, who would hit profitability by f
Read moreFriday newspaper round-up: Petrol prices, Public borrowing, British supermarkets
2nd Jan 2015 09:26
Petrol prices are heading to below £1 a litre for the first time since 2009 in a big pre-election boost for consumers. Plunging world oil prices coupled with a new supermarket price war is driving down pump prices, lowering inflation and leaving consumers with a cash windfall which is boosting econo
Read moreSunday newspaper round-up: Tesco, Oil explorers, Sainsbury´s
28th Dec 2014 17:17
Tesco is testing a discount format in its One Stop chain, indicating the group could be considering new ways to combat Aldi and Lidl, the Sunday Times said. Three One Stop branches have been trading as discounters with low prices and limited ranges for the past seven weeks. The trial is the idea of
Read more