FTSE 100 movers: Shire and Next sold off ahead of results
31st Oct 2016 14:23
(ShareCast News) - The FTSE 100 was traipsing lower on Monday afternoon, led down by an assortment of companies across sectors, notably those that are due to report in the coming few days. Shire, which is scheduled to post its third-quarter results on Tuesday, was bottom of the pile as the drug deve
Read moreTesco faces £100m damages claim over profit overstatement
31st Oct 2016 13:45
(ShareCast News) - Tesco will face a damages claim for more than £100m filed by 125 institutional funds over the grocer's over-statement of profits and alleged misleading statements to the stock market. The damages claim was filed on Monday for "well in excess of £100m" over Tesco's alleged breaches
Read moreFriday broker round-up
28th Oct 2016 15:33
(ShareCast News) - Barclays: JP Morgan keeps at neutral with a target price of 190p. Standard Life: Jefferies stays at buy, 391p target. Senior: Berenberg reiterates buy with a 220p target. Imperial Brands: Deutsche Bank reiterates buy with a 4600p target. ITV: Credit Suisse reiterates outperform
Read moreTesco shares fall as Credit Suisse reiterates 'underperform' rating
28th Oct 2016 09:02
(ShareCast News) - Tesco's shares fell on Friday as Credit Suisse reiterated an 'underperform' rating and target price of 130p, citing "structural problems". Credit Suisse said while Tesco reported a 34.4% increase in operating profit to £515m in the first half, it was "not from better trading". Te
Read moreWednesday broker round-up
26th Oct 2016 17:40
(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1
Read moreSector movers: Goldman boosts grocers, Deutsche wary on steel
26th Oct 2016 16:02
(ShareCast News) - Gains for Sainsbury and Tesco saw grocers rise to the top of the leaderboard following upwards price target revisions out of Goldman Sachs, although the underlying commentary was somewhat less than flattering. The broker removed Sainsbury from its 'Conviction' sell-list, 'promotin
Read moreFTSE 100 movers: Miners and oilers weigh while IAG climbs
26th Oct 2016 14:14
(ShareCast News) - Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance. The blue chip index was falling increasingly sharply as the day wore on, down 1.4% by mid afternoon, with Antofagasta's 6.
Read moreFormer Tesco executives' trial date set for next year
20th Oct 2016 15:16
(ShareCast News) - Three of Tesco's former Tesco executives are set to appear in court next year over allegations of fraud that left a £326m accounting hole. The former managing director Carl Rogberg, former finance director John Scouler and former commercial director for food appeared at Southwark
Read moreSector movers: Retailers rise to the top
18th Oct 2016 16:17
(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage
Read moreTesco resumes market share growth, Kantar and Nielsen find
18th Oct 2016 08:29
(ShareCast News) - Tesco grew its market share in the last three months for the first time in five years, according to one batch of data released on Tuesday, while a rival survey found the best year-on-year sales figures for over three years. According to Kantar Worldpanel, which revealed price defl
Read moreSterling slump ramps up pressure on Tesco and British Airways debt, Fitch warns
17th Oct 2016 12:19
(ShareCast News) - Clothes retailer New Look, grocer Tesco and British Airways could endure major on their balance sheets and credit rating if the pound continues to slump at current levels, according to a major credit agency. Fitch said the leverage and credit ratings of New Look and Tesco in parti
Read moreFriday newspaper share tips: Booker, Premier Oil, Hargreaves Lansdown
14th Oct 2016 15:19
(ShareCast News) - Shares in Booker are worth holding onto notwithstanding the high multiple on which they are trading, The Times's Tempus said. Since company boss Charles Wilson took the helm in 2005, the shares arrested a decline that saw them drop to less than 8p in 2007 to then recover to 185p a
Read moreSector movers: Tesco leads cyclicals higher, pharma drags
14th Oct 2016 12:54
(ShareCast News) - Cyclicals took over from defensives, with Tesco spearheading gains among food and drug retailers while pharma stocks acted as the main drag. Tesco shares accounted for the lion's share of the gains in that sector after Unilever said issues surrounding the supply of its leading bra
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreUnilever takes 3.4% currency hit in third quarter as Tesco Marmite row erupts
13th Oct 2016 07:20
(ShareCast News) - As supermarkets pulled Marmite and several of its other brands from their shelves over a pricing dispute, Unilever posted forecast-beating underlying sales and a 28.9p dividend amid tough third-quarter conditions. With sterling's collapse post-Brexit, the price of imported commodi
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