Supermarket sales rise as shoppers snap up hygiene products
3rd Mar 2020 09:25
(Sharecast News) - Supermarket sales rose at their fastest pace since November in February as consumers bought more health and hygiene products in response to the coronavirus outbreak.
Read moreTesco is a cash compounder, Shore Capital says
25th Feb 2020 13:46
(Sharecast News) - Tesco is a cash compounder that values capital discipline over growth after selling its Chinese stake and other overseas interests, Shore Capital said.
Read moreTesco offloads stake in China JV for ?275m
25th Feb 2020 07:03
(Sharecast News) - Tesco said it had sold its 20% share in the Chinese Gain Land retail joint venture to its partner China Resources Holdings (CRH) for ?275m.
Read moreCMA calls for action after Tesco unlawfully blocked rival supermarkets
14th Feb 2020 15:44
(Sharecast News) - The Competition and Markets Authority is calling for action after Tesco unlawfully blocked rival supermarkets from opening shops near its stores.
Read more'Brexit is done but UK equities are not,' says Jefferies
10th Feb 2020 14:40
(Sharecast News) - Analysts at Jefferies sounded a 'bullish' note on UK equities, telling clients that "Brexit is done but UK equities are not".
Read moreThree Thai conglomerates bid for Tesco stores - report
6th Feb 2020 14:46
(Sharecast News) - Tesco's stores in Thailand and Malaysia have attracted offers from three Thai conglomerates in the first round of bidding on a deal expected to be worth as much as $10bn (?7.7bn), the Financial Times reported.
Read moreUK supermarket sales growth subdued amid 'dry January', 'Veganuary'
4th Feb 2020 09:56
(Sharecast News) - Sales growth at UK supermarkets was subdued in the 12 weeks to 26 January, according to data from research firm Kantar.
Read moreOutgoing Tesco CEO Lewis to stay on a little longer
3rd Feb 2020 08:32
(Sharecast News) - Tesco said on Monday that Dave Lewis will stay on as chief executive officer for a little longer.
Read moreTesco set to ditch further 350 tonnes of plastic from stores in 'green' drive
24th Jan 2020 09:34
(Sharecast News) - Tesco was set to ditch plastic-wrapped multipack tins in a plan to cut 350 tonnes of plastic from its stores.
Read moreTesco reports modest Xmas sales growth in 'subdued' market
9th Jan 2020 07:26
(Sharecast News) - British retailer Tesco reported a 0.1% rise in underlying UK Christmas sales in what it described as a "subdued" market.
Read moreUK supermarket sales growth slows to four-year low over Christmas - Kantar
7th Jan 2020 09:05
(Sharecast News) - UK supermarket sales growth slowed to the lowest rate in four years over the Christmas period.
Read moreJefferies stays at 'buy' on Tesco in anticipation of stronger UK economy
2nd Jan 2020 09:31
(Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation and 310.0p target price for shares of Tesco in anticipation of an upbeat third quarter trading update and for over Christmas from the grocer, the possibility of quick progress on disposing of its Asian assets and a greater willingness on the part of investors to engage with UK assets thanks to a "better-managed" Brexit process in 2020.
Read moreMonday newspaper round-up: Aviva, British grocers, BBC
23rd Dec 2019 07:22
(Sharecast News) - Activist investors are thought to be turning their attention to a potential break-up of Aviva after its chief executive refused to pursue a radical split of the business. Maurice Tulloch, 50, who became head of the FTSE 100 insurer in March, has pushed through a strategy to run its life and general insurance businesses separately, reversing his predecessor's attempts to integrate the two and cross-sell products. However, the City had been hoping for a more dramatic break-up. - The Times
Read moreWednesday broker round-up
11th Dec 2019 12:59
(Sharecast News) - Antofagasta: Jefferies downgrades to hold with a target price of 950p.
Read moreSupermarket sales growth slows; Lidl hits record market share - Kantar
10th Dec 2019 09:55
(Sharecast News) - UK supermarket sales growth slowed in the 12 weeks to 1 December as uncertainty about the upcoming general election, a "lacklustre" Black Friday and a wet autumn meant shoppers delayed their Christmas preparations.
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