Grocery sales falling more slowly in last four weeks
17th Aug 2021 09:43
(Sharecast News) - Grocery sales fell 4% year-on-year over the 12 weeks to 8 August, fresh data revealed on Tuesday, although sales were declining much more slowly in the shorter term, by 0.5% over the past four weeks.
Read moreGrocery sales falling more slowly in last four weeks
17th Aug 2021 09:43
(Sharecast News) - Grocery sales fell 4% year-on-year over the 12 weeks to 8 August, fresh data revealed on Tuesday, although sales were declining much more slowly in the shorter term, by 0.5% over the past four weeks.
Read moreUK supermarkets fear panic-buying amid 'pingdemic' fiasco
22nd Jul 2021 11:02
(Sharecast News) - British supermarkets have called on the government to include the sector in its plan to exempt critical workers from isolation if they have been "pinged" by the NHS Covid test-and-trace app amid fears of food shortages on shop shelves.
Read moreSunday newspaper round-up: Smiths Group, Virgin Galactic, Sainsbury
11th Jul 2021 18:09
(Sharecast News) - One of Britain's biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator. City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal. - Financial Mail on Sunday
Read moreWednesday broker round-up
7th Jul 2021 14:03
(Sharecast News) - WM Morrison: Berenberg downgrades to hold with a target price of 254p.
Read moreSainsbury's ups guidance as sales beat expectations
6th Jul 2021 07:02
(Sharecast News) - Sainsbury's increased its guidance for annual profit after sales beat expectations in the first 16 weeks of 2021.
Read moreTuesday preview: US services PMI, Sainsbury in focus
5th Jul 2021 17:49
(Sharecast News) - The spotlight on Tuesday will fall on the US services sector as the Institute for Supply Management publishes the results of its closely-followed Purchasing Managers survey covering the month of June.
Read moreSupermarket sales ease as shoppers get back to normal
22nd Jun 2021 10:17
(Sharecast News) - Supermarket sales eased over the last three months, industry data showed on Tuesday, as shoppers made more regular trips but spent less.
Read moreMonday broker round-up
7th Jun 2021 12:58
(Sharecast News) - Sainsbury's: Jefferies downgrades to hold with a target price of 280p.
Read moreJefferies lowers Sainsbury's to 'hold', remains 'upbeat' on UK food retailers
7th Jun 2021 11:12
(Sharecast News) - Analysts at Jefferies downgraded supermarket giant Sainsbury's from 'buy' to 'hold' on Monday, stating that while they remained "upbeat" on UK grocers, there appeared to be better value elsewhere.
Read moreSunday newspaper round-up: Reopening, Ryanair, Neptune Energy
23rd May 2021 12:44
(Sharecast News) - Health chiefs have boosted hopes of a June 21 reopening, saying the numbers are "looking very good" with just six deaths recorded from the Indian variant. Dr Jenny Harries, the chief executive of the UK Health Security Agency, said experts were "increasingly confident" about the effectiveness of vaccines against the strain in preventing severe disease. - Sunday Telegraph
Read moreWednesday broker round-up
5th May 2021 13:43
(Sharecast News) - Lloyds Banking Group: RBC Capital Markets reiterates outperform with a target price of 5,100p.
Read moreSupermarket shoppers return to stores as lockdown eases
5th May 2021 11:02
(Sharecast News) - Online grocery sales growth slowed in April as increasingly confident shoppers started returning to stores following the easing of lockdown restrictions, a survey showed.
Read moreSainsbury's holds dividend despite profit plunge
28th Apr 2021 07:16
(Sharecast News) - Sainsbury's annual profit fell 39% as rising food sales were outweighed by higher costs during the Covid-19 crisis but the company kept its annual dividend unchanged.
Read moreVaccinated shoppers help boost UK supermarket sales
27th Apr 2021 10:40
(Sharecast News) - Take-home grocery sales are continuing to grow, industry data showed on Tuesday, as the ongoing vaccine rollout and easing of lockdown restrictions boost demand.
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