Sunday newspaper round-up: OBR, Saudi Aramco, Tesco, BAT, bonds vigilantes
20th Nov 2016 15:57
(ShareCast News) - The Office for Budget Responsibility is likely to cut its forecast for UK growth next year by the biggest margin since the peak of the eurozone debt crisis. Philip Hammond's Autumn Statement this week will see the Chancellor set out his multi-billion pound infrastructure plans and
Read moreTesco warns suppliers not to use weak pound as excuse for price hikes
18th Nov 2016 10:57
(ShareCast News) - UK supermarket giant Tesco has warned suppliers not to inflate prices to compensate for the slump in sterling so they can report healthier profits. Chief executive Dave Lewis (pictured) said suppliers should be able to report results in constant and current exchange rates to take
Read moreThursday broker round-up
17th Nov 2016 13:00
(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne
Read moreSector movers: Construction stock and food retailers under pressure
16th Nov 2016 14:09
(ShareCast News) - Construction stocks were generally lower following a poor trading statement from Barratt Developments, with the home builder coming out and telling clients it had to cut prices at the upper end of the housing stock in the capital. The likes of CRH also came under selling pressure,
Read moreSector movers: Grocers gain on survey data, miners fall amid profit-taking
15th Nov 2016 16:39
(ShareCast News) - Food and drug retailers paced gains on the market, with Tesco leading the way a day before its Capital Markets Day. Sales at the grocer continued to accelerate, rising by 2.2% over the 12 weeks to 6 November, their best showing in three years, according to Kantar Worldpanel. "Muc
Read moreTuesday broker round-up
15th Nov 2016 12:30
(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power
Read moreTesco enjoys best growth in three years, Kantar data shows
15th Nov 2016 08:27
(ShareCast News) - Tesco growth rate in the last three months is fastest in three years, according to research by Kantar Worldpanel published on Tuesday, while big rivals Sainsbury's, Asda and Morrisons all declined. Although grocery prices fell for the 28th consecutive month, the rate of deflation
Read moreSector movers: Banks lead gains as strategists raise US yield forecasts
14th Nov 2016 14:40
(ShareCast News) - Shares in banks and life insurance outfits continued to pace gains as Treasury yields kept moving higher in the States on expectations for a fiscal spending boost under the new Administration, pulling interest rates across the globe up with them. For the most part, analysts app
Read moreBroker tips: Marks & Spencer, Tesco, SIG
14th Nov 2016 11:46
(ShareCast News) - Citigroup upgraded Marks & Spencer to 'buy' from 'neutral' and lifted the price target to 365p from 325p as it said downside was limited and the UK strategy presents upside. The bank said that while it remains cautious about the company's strategy to sustainably reignite sales gro
Read moreMonday broker round-up
14th Nov 2016 10:38
(ShareCast News) - Dairy Crest: JP Morgan keeps at neutral with a target price of 600p. Tesco: HSBC upgrades to buy with a 260p target. Inmarsat: Jefferies stays at buy with a 1245p target. Aggreko: Barlcays reiterates overweight with a 1000p target. SSE: Goldman Sachs keeps at neutral with a 160
Read moreHSBC ups Tesco to 'buy', says recovery has gathered pace
14th Nov 2016 08:06
(ShareCast News) - HSBC upgraded Tesco to 'buy' from 'hold' and lifted the price target to 260p from 195p, saying the recovery has gained pace, with sales and market share up. When the bank downgraded the stock back in July, it was due to worries that ASDA might undertake a major price repositioning
Read moreTesco Bank hackers probe led by National Crime Agency cyber sleuths
8th Nov 2016 16:14
(ShareCast News) - UK's National Crime Agency (NCA) is leading a criminal probe into the recent cyber attack on Tesco Bank, which saw about 20,000 accounts raided by tech-savvy hackers. It said the National Cyber Security Centre (NCSC) was working with Tesco Bank and others to provide direct assista
Read moreTesco Bank suspends payments as 20,000 accounts hit by hackers
7th Nov 2016 08:42
(ShareCast News) - Around 20,000 Tesco Bank customers had money taken from their accounts by hackers over the weekend, with double that amount having seen "suspicious transactions". After some account holders reported as much as £600 had been siphoned from their accounts, Tesco Bank had initially
Read moreMargins at risk as grocers stuggle to pass on food price inflation, SocGen warns
2nd Nov 2016 11:06
(ShareCast News) - Marmite continues to captivate financial analysts, with a note from Societe Generale using the divisive yeast extract to warn about the risk of gross margin pressure among supermarket groups that has led to it cutting target prices for Tesco and Wm Morrison. Following the controv
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
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