One 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 spread betting firm Spread Co shows that confusion still remains for the ordin
Read moreSector movers: BT, Smurfit Kappa move higher after hiking prices
20th Jan 2017 15:53
(ShareCast News) - Cyclicals led gains, spearheaded by oil service and general industrial issues, alongside an advance in stock of BT Group after the UK telecoms incumbent let it be known it would be raising prices for its broadband and landline services. AMEC Foster and Petrofac were up as crude oi
Read moreExane BNP downgrades Tesco, Sainsbury
20th Jan 2017 11:27
(ShareCast News) - Exane BNP Paribas downgraded Tesco and Sainsbury on Friday as it took a look at food retail, leaving it with no buys in the UK. The bank cut Tesco to 'underperform' from 'neutral' and pushed the target price down to 175p from 200p pointing to a high risk of de-rating given a build
Read moreFriday broker round-up
13th Jan 2017 09:27
(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up
Read moreTesco regains market share as fresh food offer boosts Christmas
12th Jan 2017 07:09
(ShareCast News) - Tesco notched an eighth consecutive quarter of like-for-like growth and its first quarterly market share gain in five years. Over the 13 weeks to 26 November that made up the third quarter, group like-for-like sales grew 1.5%, with the UK LFL sales up 1.8%, slightly ahead of conse
Read moreThursday preview: Tesco to reveal recovery in third quarter trading update
11th Jan 2017 12:10
(ShareCast News) - Tesco is expected to report a healthy third quarter trading update on Thursday as the supermarket begins to see improvements on the back of its turnaround plan. Citi expects Tesco to report UK like-for-like sales growth of 1.8% in the 13 weeks to 26 November, with a 0.3% increase
Read moreInflation returns as supermarkets enjoy record Christmas, Kantar says
10th Jan 2017 08:27
(ShareCast News) - As inflation returned to the grocery market after a two-year absence, supermarkets enjoyed record sales over the Christmas period, according to fresh industry data on Tuesday. As prices rose for items such as fish and butter, only partly offset by falling prices for eggs and bacon
Read moreSector movers: Miners boosted by yuan strength
5th Jan 2017 15:35
(ShareCast News) - Miners and oil related companies were leading the pack north after China's currency rose for a second day, boosting prices for most commodities. As of 0720 GMT the onshore yuan was trading at 6.8120 against the US dollar and was up by 0.80% against the greenback, its best level si
Read moreTesco the Xmas winner as analysts warn grocers face 'murky new year'
5th Jan 2017 10:31
(ShareCast News) - Ahead of major supermarket groups Tesco, Sainsbury and Morrisons revealing their key festive trading updates next week, analysts predicted a mixed bag for Christmas and a murky New Year. Jefferies analysts said the supermarkets as whole should confirm a healthy close to 2016 but w
Read moreIntense competition curbs supermarket price hikes
3rd Jan 2017 15:28
(ShareCast News) - Supermarkets in the UK raised their prices in December from the previous month, however the hike was lower than the previous year due to competition curbing the impact of a Brexit-caused cost inflation, according to mySupermarket.com The site's tracker covers almost 5,000 produ
Read moreFTSE 100 movers: Pharmaceutical stocks lead FTSE's rally
16th Dec 2016 14:11
(ShareCast News) - The FTSE 100 rose 0.11% to 7,006.73 points on Friday afternoon with pharmaceutical stocks leading the way. Hikma Pharmaceuticals, Shire and Astrazeneca rallied on a positive read-across following reports Sanofi is in advanced talks to acquire Actelion. The companies are said to b
Read moreTesco gains grocery market share as Sainsbury's and Morrisons lose out
13th Dec 2016 08:32
(ShareCast News) - Tesco grew its market share in the last three months, according to grocery market data released on Tuesday that also showed its listed supermarket rivals Sainsbury's and Morrisons both saw sales fall. Kantar Worldpanel also noted that while overall grocery prices are down on last
Read moreSector movers: Meggitt, Cobham lift defence stocks
23rd Nov 2016 16:00
(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,
Read moreWednesday broker round-up
23rd Nov 2016 14:29
(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a
Read moreTuesday broker round-up
22nd Nov 2016 09:56
(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage
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