Monday newspaper round-up: De La Rue, Tesco, Glaxo Smith Kline
23rd Jul 2018 06:40
(Sharecast News) - The hedge fund pushing for change at passport and banknote maker De La Rue has increased its stake and ramped-up pressure on the boss to overhaul the firm. Crystal Amber is now understood to control about 4 per cent of the British company, up from 3.1 per cent following a high volume of trades on Friday. The activist fund is calling on De La Rue's management to come up with a strategy that will prepare it for the future by focusing more on selling its technology. - The Daily Mail
Read moreSunday newspaper round-up: Inflation, RBS, Brexit defeat, BAE Systems
12th Feb 2017 15:06
(ShareCast News) - Higher food and fuel prices drove inflation to a three-year zenith of 2% in January, up from 1.6% in December, with more increases coming as the year progresses. Figures from the Office for National Statistics are expected to confirm the jump in inflation this week, the Sunday Tel
Read moreAldi becomes UK's fifth biggest supermarket as Tesco and Sainsbury slip
7th Feb 2017 08:20
(ShareCast News) - As Sainsbury's lost market share and Tesco's growth slowed, German discounter Aldi jumped up to become the UK's fifth largest supermarket as the grocery sector battled through a tricky few weeks. New research on the sector from Kantar Worldpanel showed grocery prices continued to
Read moreSector movers: Political uncertainty boosts defensives
6th Feb 2017 14:12
(ShareCast News) - Defensives outperformed at the start of the week as a wave of risk aversion linked to heightened political worries broke over global equity markets. That followed a rally by French president hopeful Marine Le Pen at the weekend in which she laid out her plans for a referendum o
Read moreSunday newspaper round-up: US recession, Housing policy, RBS
5th Feb 2017 16:37
(ShareCast News) - Donald Trump's economic honeymoon could come to an end as soon as next year, senior City fund managers have forecast, with the US at risk of plunging into recession. Nine years on from the start of the financial crisis, the US recovery may be overheating, Legal & General Investmen
Read moreS&P keeps Tesco at BB+, but outlook unchanged at 'stable'
1st Feb 2017 16:13
(ShareCast News) - Analysts at Standard&Poor's hailed Tesco's announcement of an imminent cash and shares merger with food wholesaler Booker. Nonetheless, the grocer's high pension deficit and intention to resume paying dividends in the fiscal year ending February 2018 meant its quality as a debtor
Read moreSector movers: Telcos dodge losses as miners, Big Oil drag
30th Jan 2017 16:56
(ShareCast News) - Telecommunications and pharma issues found a bid as stocks in the Materials space lost ground amid risk-off trading in the wake of the past weekend's events which saw a significant amount of confusion in the US, and to an extent in many other countries, over the scope of the tempo
Read moreMonday broker round-up
30th Jan 2017 13:05
(ShareCast News) - BT: Barclays reiterates overweight with a target price of 475p. ITV: Jefferies reiterates buy, 230p target. Phoenix: Deutsche Bank restarts coverage at buy with a 835p target. Paragon Group: JP Morgan reiterates underweight with a 355p target. Inmarsat: Deutsche Bank reiterates
Read moreSector movers: Tesco, precious metals miners sharply higher
27th Jan 2017 16:12
(ShareCast News) - Tesco shares rocketed at the end of the week, pushing the sector gauge sharply higher. The supermarket giant announced it had agreed to merge with the UK's largest food wholesale operator Booker Group. Under the terms of the merger, each Booker scheme shareholder would receive 0.8
Read moreFTSE 100 movers: Tesco gains while Sainsbury's loses out
27th Jan 2017 15:38
(ShareCast News) - The FTSE 100 index rose 0.17% to 7,173.75 in the late afternoon. Supermarket giant Tesco climbed as it announced it has agreed to merge with the UK's largest food wholesale operator Booker Group. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new
Read moreTesco to take on Booker Group in £3.7bn merger
27th Jan 2017 07:03
(ShareCast News) - The boards of food retailer Tesco and wholesaler Booker Group announced on Friday that they have reached an agreement on the terms of a recommended share and cash merger to create the UK's leading food business. In a joint statement, the boards said the combined group would bring
Read moreRetail sales drop sharply in January, CBI's distributive trades data shows
26th Jan 2017 12:54
(ShareCast News) - Retail sales volumes dropped sharply in January, especially for supermarket groups, according to data released on Thursday. The CBI's distributive trades survey for January showed a reported sales balance down to a four-month low of -8 from +35 in December, while the market had ex
Read moreLondon close: FTSE ends higher as Trump lifts global sentiment
25th Jan 2017 16:03
(ShareCast News) - The FTSE 100 rose marginally on Wednesday as global stocks rallied after a series of executive orders from US President Donald Trump lifted investor sentiment. The index closed up 0.20% to 7,164.43 points. The FTSE's gains were limited as the pound recovered after Prime Minister
Read moreTesco faces fresh lawsuit over accounting scandal
25th Jan 2017 10:38
(ShareCast News) - Tesco is reportedly facing a new claim for damages from investor Manning & Napier over its 2014 accounting scandal. Manning & Napier, a US fund manager, is said to have filed a lawsuit last month after suffering losses of $212m due to the supermarket's profit overstatement, the Fi
Read moreOne in five think Tesco is Britain's biggest company
24th Jan 2017 16:13
(ShareCast News) - Britons are still struggling to identify some of the FTSE 100's biggest names, as research suggests less than one in five people believe Tesco to be the biggest company in Britain. A survey conducted by research firm Spread Co shows that confusion still remains for the ordinary ci
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