Dividends plunge at record pace as crisis slashes payouts
19th Jul 2020 14:00
(Sharecast News) - Dividends paid out by UK companies plunged by a record amount in the second quarter as payouts more than halved during the Covid-19 crisis, a survey showed.
Read moreMorgan Stanley sees cycle turning higher for 'value' stocks
13th Jul 2020 13:55
(Sharecast News) - Equity strategists at Morgan Stanley sounded a positive note on so-called 'value' stocks, arguing that the economic cycle was shifting into a 'recovery regime' - but there was catch.
Read moreSunday newspaper round-up: Vouchers, Grocers, Boohoo
5th Jul 2020 15:59
(Sharecast News) - Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and "face to face" retail, as opposed to online. - Guardian
Read moreMonday broker round-up
29th Jun 2020 13:45
(Sharecast News) - Balfour Beatty: Jefferies downgrades to hold with a target price of 260.0p.
Read moreTesco shareholders vote against CEO Lewis's £6.4m payday
26th Jun 2020 11:57
(Sharecast News) - Tesco suffered a heavy defeat at its annual general meeting as more than two-thirds of shareholder votes opposed a £6.4m payday for departing Chief Executive Dave Lewis.
Read moreOnline sales boost Tesco Q1 sales during Covid-19 lockdown
26th Jun 2020 06:52
(Sharecast News) - Supermarket giant Tesco reported a 9.2% rise in UK and Ireland total first quarter sales, driven by a sharp increase in online shopping during the coronavirus lockdown.
Read moreOnline grocery sales surge as lockdown keeps shoppers at home
23rd Jun 2020 11:31
(Sharecast News) - Online grocery sales surged in the last month, industry research showed on Tuesday, as the Covid-19 pandemic and subsequent lockdown shook up traditional shopping habits.
Read moreTesco risks losing vote over CEO's £6.4m pay deal - report
19th Jun 2020 14:42
(Sharecast News) - Tesco is in danger of suffering a shareholder vote against its remuneration report over departing boss Dave Lewis's £6.4m annual pay, according to a report.
Read moreTesco sells Polish business for £181m
18th Jun 2020 07:02
(Sharecast News) - Tesco on Thursday said it had sold its Polish business to Denmark's Salling Group for £181m to focus on the Czech Republic, Hungary and Slovakia.
Read moreSunday newspaper round-up: Two meters, Rolls Royce, Clinigen
14th Jun 2020 19:22
(Sharecast News) - Senior scientists have reported flaws in an influential World Health Organization-commissioned study into the risks of coronavirus infection and say it should not be used as evidence for relaxing the UK's 2-metre physical distancing rule. Critics of the distancing advice, which states that people should keep at least 2 metres apart, believe it is too cautious. They seized on the research commissioned by the WHO, which suggested a reduction from 2 metres to 1 would raise infection risk only marginally, from 1.3% to 2.6%. - Guardian
Read moreTesco looks for new CFO as Alan Stewart retires
2nd Jun 2020 07:06
(Sharecast News) - Tesco is looking for a new chief financial officer after Alan Stewart decided to leave the supermarket group.
Read moreGrocery sales jump at record pace
27th May 2020 08:46
(Sharecast News) - Grocery sales jumped 14.3% - the fastest pace on record - in the 12 weeks to mid-May as households stocked up during the Covid-19 crisis and let their hair down on the VE Day bank holiday.
Read moreAldi UK teams up with Deliveroo for home deliveries
18th May 2020 11:07
(Sharecast News) - Aldi UK, the British arm of the German supermarket discounter, announced on Monday that it had teamed up with delivering service Deliveroo to provide shoppers with home deliveries.
Read moreTesco CEO gets record ?6.42m pay package
13th May 2020 15:23
(Sharecast News) - Tesco chief executive, Dave Lewis's annual pay package for 2019 hit ?6.42m, marking the biggest ever haul for any executive at the retailer of the past decade.
Read moreTuesday broker round-up
28th Apr 2020 14:21
(Sharecast News) - Sainsbury: Berenberg downgrades to sell with a target price of 170p.
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