Sainsbury slashes full-year sales guidance - UPDATE
8th Jan 2014 14:26
- Full-year sales forecast cut - Like-for-like sales flat in Q3 - Panmure issues 'hold' rating Sainsbury's shares declined after the UK supermarket cut its full-year sales guidance as it expects customers to spend cautiously in the next few months. The company predicts sales will increase by jus
Read moreBroker tips: Sainsbury, Burberry, Domino's, Air Partner
8th Jan 2014 12:08
Panmure Gordon has maintained its 'hold' rating for Sainsbury despite the supermarket group beating consensus forecasts with its third-quarter results. The stock trades at 11.3 times earnings and offers a 4.7% dividend yield which the broker admits isn't particularly demanding. "It is our favourite
Read moreLondon midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
Read moreBroker snap: Sainsbury best placed among UK supermarkets, says Panmure
8th Jan 2014 10:18
Panmure Gordon has maintained its 'hold' rating for Sainsbury despite the supermarket group beating consensus forecasts with its third-quarter results. "We think Sainsbury's is the best placed of the UK food retailers, and the Q3 trading statement is encouragingly towards the upper end of market ex
Read moreLondon open: Markets slip as Sainsbury falls, Mothercare plummets
8th Jan 2014 08:46
- FTSE 100 pulls back from two-month high - Sainsbury, Mothercare, Majestic fall after updates - Risk events on tap, traders stay cautious techMARK 2,781.79 -0.27% FTSE 100 6,735.41 -0.30% FTSE 250 16,033.22 -0.22% UK stocks pulled back on Wednesday morning ahead of a number of key 'risk events' o
Read moreLondon pre-open: FTSE to nudge higher ahead of busy session
8th Jan 2014 07:29
City sources predict the FTSE 100 will open four points above yesterday's close of 6,755.45, taking its lead from both Asian and US markets. An unexpected drop in the US trade deficit spurred Wall Street stocks on Tuesday, sending the S&P 500 into positive territory for the first time in 2014. T
Read moreSainsbury reports flat like-for-like third-quarter sales
8th Jan 2014 07:10
- Like-for-like sales flat - Total sales up 2.5 per cent - Growth in convenience and online sales - Customers expected to spend cautiously post Christmas Sainsbury reported flat like-for-like (LFL) sales in the third quarter as customers held back on spending ahead of the Christmas period. In a tr
Read moreWednesday preview: Sainsbury issues third quarter update
7th Jan 2014 16:22
J. Sainsbury is expected to report a mixed third quarter trading update on Wednesday, according to Jefferies International. The broker estimates the UK supermarket may post a 1% fall in like-for-like sales, which would represent a sharp slowdown to the 1.4% growth reported in the first half. "Thi
Read moreLondon midday: Stocks gain, ECB in focus as inflation eases
7th Jan 2014 11:31
- Eurozone inflation eases to 0.8 per cent - ECB in focus ahead of meeting on Thursday - Banks lift Footsie into positive territory techMARK 2,796.28 +0.14% FTSE 100 6,761.20 +0.45% FTSE 250 16,076.04 +0.17% After a slow start, markets pushed into positive territory by Tuesday lunchtime as an unex
Read moreLondon open: Markets flat as investors await Eurozone CPI
7th Jan 2014 08:18
- Eurozone CPI data in focus ahead of ECB meeting - US jobs report to be closely watched - Jefferies lifts Ashtead, ITV and BSkyB early on - Dunelm falls after Q2 sales update techMARK 2,791.39 -0.03% FTSE 100 6,728.37 -0.04% FTSE 250 16,030.92 -0.11% UK markets opened flat once again on Tuesday m
Read moreLondon close: Markets flat after choppy session, services PMIs weakens
6th Jan 2014 16:37
- Miners limit gains after weak economic data - Services PMIs from China, UK, Eurozone and US weaken - RSA rises, UBS says takeover and break-up still possible - Retailers in focus ahead of updates techMARK 2,792.25 +0.13% FTSE 100 6,730.73 0.00% FTSE 250 16,049.30 +0.18% UK markets ended flat on
Read moreFTSE 100 movers: RSA jumps on 'buy' rating
6th Jan 2014 14:52
RSA Insurance was a high riser today after UBS raised its target price for the stock from 100p to 113p and maintained a 'buy' rating. The bank added the stock to its 'Alpha Preferences Most Preferred List', saying: "While there are significant uncertainties, we think that the balance of risks is to
Read moreLondon midday: Stocks flat as global services PMIs point to slowdown
6th Jan 2014 11:21
- UK, Eurozone, China services PMIs ease - Markets rangebound, little changed by midday - Takeover and break-up of RSA possible, says UBS - Retailers in focus ahead of sales updates techMARK 2,795.09 +0.23% FTSE 100 6,731.24 +0.01% FTSE 250 16,063.40 +0.27% The FTSE 100 was little changed on Monda
Read moreAsda reports strong Christmas trading
6th Jan 2014 10:15
Asda reported strong Christmas trading in both store and online, hailing its strategy for boosting sales during the season. Ahead of its fourth-quarter results in February, the British arm of US grocer Wal-Mart Stores on Monday revealed that it enjoyed a good performance last month. "Our strategy
Read moreLondon open: Markets flat ahead of busy week, PMIs in focus
6th Jan 2014 08:15
- Services PMIs on tap, Chinese data weakens - RSA leads financials higher - Retailers in focus ahead of trading update, M&S falls techMARK 2,787.71 -0.03% FTSE 100 6,727.98 -0.04% FTSE 250 16,028.46 +0.05% UK markets opened broadly flat on Monday morning with gains in the financial sector offset
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