Shoppers clamber for deals as grocery inflation slows further
23rd Apr 2024 08:57
(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
Read moreLondon close: Stocks jump on weaker sterling, easing geopolitics
22nd Apr 2024 14:54
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read moreLondon close: Stocks finish higher as US inflation tops forecasts
10th Apr 2024 15:00
(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.
Read moreTesco sees annual sales and profits jump
10th Apr 2024 07:02
(Sharecast News) - Tesco struck a confident tone for the current financial year on Wednesday, after reporting a jump in both annual profits and volumes.
Read moreTesco loses appeal over Lidl trademark infringement
19th Mar 2024 11:43
(Sharecast News) - Tesco, the UK's largest retailer, faced defeat in an appeal regarding a trademark infringement case brought against it by the privately-held limited assortment discounter Lidl, it emerged on Tuesday.
Read moreCiti hails positive impact of banking disposal at Tesco
13th Feb 2024 07:55
(Sharecast News) - Citi has renewed its rating on supermarket giant Tesco with a 'buy', hailing the positive impact of last week's £600m disposal of most of its retail banking business to Barclays.
Read moreLondon close: Stocks turn sour in afternoon trading
9th Feb 2024 15:15
(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.
Read moreTesco sells banking unit to Barclays for £600m
9th Feb 2024 07:03
(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.
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 moreLondon close: Stocks fall as US inflation comes in hot
11th Jan 2024 16:34
(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.
Read moreTesco ups profit targets as sales surge over Christmas
11th Jan 2024 07:03
(Sharecast News) - Shares in Tesco declined on Thursday despite the supermarket giant raising its profit guidance following a strong Christmas trading period, as the retailer faced fresh allegations of profiteering in the midst of a cost-of-living crisis.
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 rise on flurry of manufacturing data
1st Dec 2023 17:39
(Sharecast News) - London stocks closed positively on Friday, with miners playing a pivotal role following broker upgrades and optimistic Chinese manufacturing data.
Read moreJPMorgan downgrades Tesco to 'underweight'
1st Dec 2023 08:43
(Sharecast News) - JPMorgan Cazenove downgraded Tesco on Friday to 'underweight' from 'neutral' and cut the price target to 230p from 240p as it took a look at the European food retail sector, highlighting its cautious stance.
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