London close: Stocks slip as Barratt, Redrow announce merger
7th Feb 2024 15:00
(Sharecast News) - London's stock markets finished in the red on Wednesday, as investors digested fresh house price data as well as news of a big merger in the housebuilding sector.
Read moreSainsbury's to increase capex to drive profit leverage
7th Feb 2024 07:27
(Sharecast News) - Sainsbury's announced its 'Next Level Sainsbury's' strategy on Wednesday, aiming to drive profit leverage from sales growth.
Read moreHSBC upgrades Sainsbury's to 'buy'
6th Feb 2024 15:27
(Sharecast News) - HSBC upgraded Sainsbury's to 'buy' from 'hold' on Tuesday and lifted the price target to 310p from 300p as it took a look at European food retail.
Read moreLondon close: Stocks finish higher as US inflation cools
26th Jan 2024 16:21
(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.
Read moreJPMorgan Cazenove cuts Tesco, Sainsbury's price targets
26th Jan 2024 13:52
(Sharecast News) - Tesco and Sainsbury's were in the red on Friday after JPMorgan Cazenove cut its price targets on the shares, saying it remains cautious on the UK grocery space fundamentally, which based on its investor feedback "appears still to be a contrarian stance".
Read moreSainsbury announces shift away from banking activities
18th Jan 2024 07:19
(Sharecast News) - Sainsbury has announced a "phased withdrawal" from its banking operations as it continues to pursue its so-called 'Food First' strategy.
Read moreLondon close: Stocks slip as investors brace for US inflation
10th Jan 2024 15:23
(Sharecast News) - London stocks closed with losses on Wednesday, influenced by a pessimistic growth outlook from the World Bank and investors' attention to upcoming US inflation data.
Read moreSainsbury's holds guidance as volumes boost Christmas sales
10th Jan 2024 07:01
(Sharecast News) - Shares in Sainsbury's fell on Wednesday after a broadly-upbeat Christmas trading update did not include any upgrade to full-year forecasts despite like-for-like sales at the UK supermarket chain rising 7.4% in the key trading period.
Read moreWednesday preview: Bitcoin, Sainsbury in the spotlight
9th Jan 2024 13:48
(Sharecast News) - The economic agenda will be sparse in the middle of the week.
Read moreLondon close: Stocks fall amid rising geopolitical concerns
3rd Jan 2024 17:48
(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.
Read moreLondon close: Stocks firmer as US payrolls beat forecasts
8th Dec 2023 17:42
(Sharecast News) - London's financial markets closed positively on Friday as investors digested the latest non-farm payrolls report out of the United States.
Read moreGoldman upgrades Sainsbury on market share gains and pricing power
8th Dec 2023 08:07
(Sharecast News) - Shares in J Sainsbury jumped on Friday after analysts at Goldman Sachs upgraded their rating on the supermarket stock on the back the company's strengthened position amid an improving inflation outlook.
Read moreLondon close: Stocks gain as investors await Powell speech
9th Nov 2023 15:02
(Sharecast News) - London's stock markets were buoyant at the close of trading on Thursday, influenced by Chinese inflation data, a substantial influx of corporate news, and a speech from the Fed chair later in the global day.
Read moreLondon close: Stocks rise as BoE keeps rates steady
2nd Nov 2023 15:12
(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.
Read moreSainsbury's boosts full-year guidance as sales jump
2nd Nov 2023 07:01
(Sharecast News) - J Sainsbury boosted its full-year outlook on Thursday, after strong grocery sales throughout the first half.
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