Cost of Christmas dinner jumps as food prices rise
7th Dec 2021 09:41
(Sharecast News) - Food inflation pushed higher last month, industry data showed on Tuesday, with Christmas staples already costing more.
Read moreSunday newspaper round-up: Taylor Wimpey, BT Group, Boots
5th Dec 2021 18:40
(Sharecast News) - Elliott Management has been building a stake in Taylor Wimpey, leading to speculation that a bid, possibly from a US-based suitor, might materialise for the construction company. In April, Elliott backed Berkeley DeVeer's takeover of Avant Homes and in November it took out short positions on shares of Bellway and Barratt. The size of the activist investor's stake was unknown. - Financial Mail on Sunday
Read moreRetailers warn over policing on mask mandates in England
29th Nov 2021 13:59
(Sharecast News) - UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.
Read moreSupermarket visits jump as shoppers look to Christmas
16th Nov 2021 10:34
(Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.
Read moreSupermarket prices surge as cost pressures bite
9th Nov 2021 10:51
(Sharecast News) - Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.
Read moreSainsbury's sticks to guidance as H2 profit rises
4th Nov 2021 06:35
(Sharecast News) - Sainsbury's stuck to its full-year guidance as the supermarket group reported a 23% increase in first-half profit boosted by higher grocery sales and cost cuts.
Read moreSainsbury's ends talks on sale of banking unit
22nd Oct 2021 07:15
(Sharecast News) - UK supermarket chain Sainsbury's said it had ended talks over the sale of its banking operation, claiming the potential bid did not offer good value for shareholders.
Read moreUK grocery sales fall as fuel crisis keeps shoppers at home
12th Oct 2021 07:44
(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
Read moreSainsbury's shares spark on takeover defence report
20th Sep 2021 13:45
(Sharecast News) - Shares in J Sainsbury sparked on Monday on reports that the supermarket chain was working with a boutique investment bank to help defend itself from a potential takeover.
Read moreSupermarket prices rise as cost pressures mount
14th Sep 2021 09:53
(Sharecast News) - Supermarket prices rose sharply in September as grocers cut in-store promotions amid increased cost pressures, a survey showed.
Read moreSainsbury's bank sale would make sense, Shore says
31st Aug 2021 13:09
(Sharecast News) - A sale of Sainsbury's bank would be a sensible move for the supermarket group as it concentrates on its core retail business, Shore Capital said after a press report that a deal was in the works.
Read moreSunday newspaper round-up: China, Central Banks, Sainsbury's
29th Aug 2021 21:13
(Sharecast News) - Some of China's most valuable public companies could abandon their American stock listings within months, experts have warned, after reports emerged that Beijing is planning a wider crackdown on tech companies going public overseas. The development means that more than $2tn (£1.5tn) of capital invested in the US shares of Chinese companies could be at risk. Reports on Friday suggested that Beijing was about to take further action against tech firms that deal with sensitive customer data, by forcing them to seek formal approval for initial public offerings (IPOs) outside China. - Guardian
Read moreShoreCap stays at 'buy' on Sainsbury, says report of potential bid interest 'flaky'
23rd Aug 2021 13:47
(Sharecast News) - Analysts at ShoreCap stood by their buy recommendation for shares of Sainsbury given the improved strategic economic outlook for the industry.
Read moreSainsbury's surges amid takeover speculation
23rd Aug 2021 08:42
(Sharecast News) - Sainsbury's shares surged on Monday following a report that US private equity firm Apollo is considering a bid for the UK supermarket chain.
Read moreSunday newspaper round-up: Sainsbury's, Legal and General, Asos
22nd Aug 2021 15:01
(Sharecast News) - Private equity giants are circling Sainsbury's with a view to possibly launching bids of more than £7 billion, as the bidding war for Morrisons reignites interest in the supermarket industry. American buyout giant Apollo is said to be running the rule over Britain's second-largest supermarket chain. It has been scouring the industry for targets after being outbid for Asda last year, and remains in talks to join the Fortress-led consortium bidding for Morrisons. Any involvement in that deal may preclude a move for Sainsbury's. - Sunday Times
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