Tesco to win on price cuts, Morgan Stanley says
17th Dec 2020 13:53
(Sharecast News) - Tesco will be the winner with price cuts set to be a major theme for grocers in 2021, Morgan Stanley said as it increased its price target for Tesco shares.
Read moreTesco meets conditions for sale of Thai & Malaysian businesses
9th Dec 2020 08:06
(Sharecast News) - Tesco has now met all the conditions for the sale of its businesses in Thailand and Malaysia and the disposal is expected to complete later this month, paving the way to a special dividend for shareholders.
Read moreUK grocery sales boom in November to hit record £10.9bn
8th Dec 2020 10:36
(Sharecast News) - UK grocery spending surged to an all-time high of nearly £11bn in November, industry data showed on Tuesday, as the second national lockdown came into effect and shoppers began stocking up for Christmas.
Read moreLidl to repay more than £100m to UK
4th Dec 2020 11:03
(Sharecast News) - Lidl said it would repay more than £100m of business rates relief to the UK, adding to more than £1.8bn of refunds announced in the past two days.
Read moreAsda joins growing list of grocers to repay rates relief cash
3rd Dec 2020 13:45
(Sharecast News) - Asda is to repay the £340m it received in business rates relief, the latest supermarket chain to do so, the retailer confirmed on Thursday.
Read moreAldi joins list of supermarkets to repay rates relief
3rd Dec 2020 11:00
(Sharecast News) - Aldi has become the latest supermarket chain to hand back business rates relief, the discounter confirmed on Thursday.
Read moreTesco to repay £585m business rates relief
2nd Dec 2020 07:01
(Sharecast News) - Tesco said it would repay £585m of Covid-19 business rates relief to the UK after Britain's supermarkets came under pressure to return the money.
Read moreSunday newspaper round-up: Restrictions, Brexit, Pennon
15th Nov 2020 21:43
(Sharecast News) - Today's death toll, which is usually lower on Sunday and Monday due to weekend reporting lags, is up by just 12 from last Sunday - in a sign that fatalities may be flattening out. It comes after the head of the Office for National Statistics said that growth in infections is 'slowing' too. Some 24,962 new confirmed cases of coronavirus were reported today- just five more than last Sunday. Professor Sir Ian Diamond says that while there remains an increase in the number of Covid cases, the data shows a 'slowdown in the rate of growth', providing a small ray of hope for an end to harsh countrywide restrictions. - Financial Mail on Sunday
Read moreUK grocery sales rise but shoppers resist stockpiling
10th Nov 2020 10:42
(Sharecast News) - Grocery sales continued to grow in October, but there was little evidence of stockpiling ahead of the second national lockdown, industry research showed on Tuesday.
Read moreTesco gets OK for disposal from Thai regulator
6th Nov 2020 13:21
(Sharecast News) - Tesco said on Friday that it's been given the green light by the Office of Trade Competition Commission in Thailand for the sale of its business there to CP Group, as it looks to focus on its UK and Ireland operations.
Read moreWaitrose and Co-Op join price war, cut prices for essential goods by 15%
21st Oct 2020 10:12
(Sharecast News) - Waitrose and Co-Op are cutting prices of essential goods by an average of over 15% ahead of a Christmas that will likely bring more economic travails for customers.
Read moreAsda launches green strategy to cut single-use plastics
20th Oct 2020 09:52
(Sharecast News) - Asda launches fruit and vegetable strategy in new sustainability store to try to cut down on single-use plastics and promises "greener" products without packaging at the same price.
Read moreSector movers: Utilities and Food retailers sought out as Covid-19 cases climb
13th Oct 2020 15:46
(Sharecast News) - Stocks were pummeled on Tuesday as concerns mounted that the rising rate of Covid-19 infections might force the government into tightening lockdown measures further, on top of a day fraught with nervousness around the ongoing Brexit talks with Brussels.
Read moreUK grocery sales rise as Covid-19 restrictions bite
13th Oct 2020 07:42
(Sharecast News) - UK grocery sales jumped in September, industry data showed on Tuesday, as more stringent restrictions were introduced to tackle the resurgence in Covid-19.
Read moreTate & Lyle CFO Nawaz to join Tesco
7th Oct 2020 07:33
(Sharecast News) - Tate & Lyle's Chief Financial Officer Imran Nawaz has resigned from the company to become CFO of Tesco after little more than two years at the food and drinks ingredients company
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