Kantar Worldpanel: Sainsbury market share tops UK grocers
26th Mar 2013 13:00
The latest grocery share figures from market research company Kantar Worldpanel, for the 12 weeks ended March 17th 2013, show that Sainsbury's is the clear winner among the big four, while elsewhere Waitrose and Aldi recorded the two highest percentage growth rates this period. Fraser McKevitt, a R
Read moreThursday tips round-up: Genel, Rio Tinto, J.Sainsbury
21st Mar 2013 07:27
Iron ore miners, particularly Rio Tinto, are about to get hit by a large rise in supply, with the three biggest planning to add 200m tonnes of capacity by 2015, which is not far below Rio's annual output today. Hence, while demand is not falling off a cliff and Chinese steel mills have cleared exces
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreLondon close: Cypriot vote on deposit tax sinks stocks late on
19th Mar 2013 17:06
After a brief spell in positive territory at lunchtime, UK stocks sunk back into the red by the close of trade on Tuesday as leaders in Cyprus gathered to vote on the deposit tax, a controversial measure deemed necessary to save the country from default. Traders were also nervous ahead of tomorrow'
Read moreFTSE 100 movers: Miners continue to decline on Eurozone fears
19th Mar 2013 14:50
Mining stocks were dominating the fallers list today as risk appetite waned, with Evraz leading the way and Rio Tinto and BHP Billiton both hit by a downgrade by Goldman Sachs. Precious metals group Fresnillo dropped after Deutsche Bank cut its rating from 'hold' to 'sell', saying that the current
Read moreLondon midday: Miners fall as fears over Cyprus dent markets
19th Mar 2013 11:31
Heavy falls in the mining sector ensured that the resource-heavy FTSE 100 index was trading firmly in the red on Tuesday morning with sentiment still fragile in the aftermath of the bailout deal for Cyprus and the controversial idea to tax customer accounts. Market Analyst Craig Erlam from Alpari s
Read moreLondon open: Sentiment fragile in aftermath of Cypriot bailout
19th Mar 2013 08:28
Markets across Europe were mixed in early trading on Tuesday as traders continue to digest developments in Cyprus after the controversial proposal to tax depositors prompted fears of a bank run yesterday. Weighing on London's resource-heavy FTSE 100 this morning was Goldman Sachs' move to lower its
Read moreLondon pre-open: FTSE to fall further on Eurozone concerns
19th Mar 2013 07:26
City sources predict the FTSE 100 will open down 10 points from yesterday's close of 6,458, on continued concerns over the Eurozone ahead of an important vote in Cyprus regarding the taxing of bank deposits as part of the bailout deal. But declines look set to be limited by a broadly upbeat tradin
Read moreSainsbury's fourth-quarter sales beat market forecasts
19th Mar 2013 07:01
Sainsbury unveiled strong fourth-quarter results on Tuesday as the supermarket saw customer transactions grow to a record 22.9m per week. The grocer's total sales for the 10 weeks to March 16th jumped 7.1%, driven in part by quality control amid a Europe-wide horsemeat scandal. Sainsbury was the
Read moreTuesday preview: Sainsbury reveals trading results
18th Mar 2013 14:54
Sainsbury is expected to report 2.2 per cent growth in like-for-like sales in the fourth quarter after data showed the supermarket increased its market share last month. The grocer was the only one of the four largest UK supermarkets to see a rise in market share in February amid the horsemeat scan
Read moreLondon close: US retail sales lift markets off lows
13th Mar 2013 17:01
Disappointing production data from the Eurozone dampened stocks on Wednesday morning in London, but a better-than-expected reading of US retail sales saw markets rally off their lows in afternoon trade. The monthly measure of American retail sales increased by 1.1% in February, an acceleration from
Read moreFTSE 100 movers: Prudential gains on strong profit rise
13th Mar 2013 15:13
Prudential was the strongest riser after posting a 25 per cent increase in its annual operating profits, saying its performance was largely driven by its "sweet-spot" markets including Indonesia, Singapore, Malaysia, the Philippines and Thailand. Food retailer Sainsbury was up on the back of comme
Read moreMonday newspaper round-up: RBS, Tesco, Man U...
11th Mar 2013 06:47
The one billion pound sale of RBS's Williams & Glyn branches could gather speed on Monday as Andrew Higginson - the man leading a takeover attempt - holds meetings with a series of investors backing a bid for the 316 branches, says The Telegraph. The paper reports that the 17-member investor consort
Read moreSainsbury increases market share in wake of horsemeat scare
26th Feb 2013 14:05
J Sainsbury is the only one of the four largest UK supermarkets to increase its market share as the industry was hit by the UK's horsemeat scandal, according the data from Kantar Worldpanel Tuesday. Spending at the British grocer rose 4.6% in the 12 weeks to February 17th and market share increase
Read moreLondon midday: Gains intensify on the back of German data
22nd Feb 2013 12:11
The London market is holding higher, bouncing back strongly from Thursday's losses although miners have surrendered the lead to the likes of Melrose Industries and Serco. The main reason for the advance continues to be the endorsement given by the President of the US Federal Reserve bank of St.Loui
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