FTSE 100 movers: Morrisons leads rally, Hargreaves' double hit
15th Sep 2016 14:08
(ShareCast News) - Boosted by encouraging retail data and a serene Bank of England, the FTSE 100 turned higher by Thursday afternoon, with Morrisons topping the index. Interim results from the Yorkshire-based supermarket group strongly beat the market's estimates, with first half like-for-like sales
Read moreMost-shorted Morrisons could see burnt fingers for shorters, Cavendish warns
15th Sep 2016 12:02
(ShareCast News) - Around 18% of Wm Morrisons' stock is currently out on loan, offering investors the potential for strong gains should the grocer continue to perform as well as its half-year results suggest, a fund manager said on Thursday. The FTSE 100 supermarket is reported to be the second most
Read moreSunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons
11th Sep 2016 15:45
(ShareCast News) - At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boost
Read moreLidl GB chief executive Ronny Gottschlich resigns
9th Sep 2016 14:33
(ShareCast News) - Lidl's UK chief executive Ronny Gottschlich stepped down on Friday, after steering the budget supermarket's dramatic growth in the country. Gottschlich 41, oversaw the German supermarket's expansion in the UK to over 630 stores in six years. He will be replaced by Christian Härtn
Read moreFormer Tesco directors charged with fraud
9th Sep 2016 12:03
(ShareCast News) - The Serious Fraud Office has charged three former Tesco executives with fraud as part of its investigation into a scandal that resulted in a £263m black hole in the retailer's accounts. The SFO said it has charged Carl Rogberg, Christopher Bush and John Scouler with one count of f
Read moreThursday broker round-up
8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read moreSector movers: Banks and insurers play catch-up with US peers
31st Aug 2016 17:38
(ShareCast News) - Shares in banks and insurers played catch-up with their US-listed counterparts, pushing higher on hopes that interest rates might indeed be heading higher even in the very short-term. The Philadelphia Stock Exchange´s index of bank shares was off 0.02% at 72.47 after having spent
Read moreFTSE 100 movers: Miners dive as banks, insurers progress
31st Aug 2016 16:25
(ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead. Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both f
Read moreInland Homes agrees new bank loan as ex-Tesco HQ redevelopment progresses
31st Aug 2016 13:35
(ShareCast News) - Inland Homes has refinanced part of its bank debt at improved terms and completed the purchase of a 13-acre regeneration project in Hertfordshire on the site of Tesco's former headquarters. Brownfield specialist Inland has secured a new, five-year £27m debt facility against its de
Read moreTesco to sell Euphorium Bakery business to Soho Coffee
26th Aug 2016 15:30
(ShareCast News) - Supermarket chain Tesco has agreed to sell its Euphorium Bakery business to coffee shop chain Soho Coffee for an undisclosed sum. Soho Coffee will buy four high street Euphorium stores and the Islington factory, while Samworth Brothers - a Tesco supplier - will buy the Weybridge f
Read moreLondon close: Blue-chip miners, banks push FTSE higher as house builders fly
23rd Aug 2016 15:58
(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that
Read moreFTSE 100 movers: Housebuilders lead equities higher
23rd Aug 2016 13:58
(ShareCast News) - The FTSE 100 rose 0.66% to 6,873.69 points in afternoon trade on Tuesday, with housebuilders topping the London index. Persimmon led housebuilders higher after reporting a better-than-expected jump in first half profits. Pre-tax profit rose 29% to £352.3m in the six months to 30 J
Read moreDiscounters continue to increase market share, Kantar says
23rd Aug 2016 08:26
(ShareCast News) - Improved weather spurred shoppers to open up their wallets, leading to the largest acceleration in consumer spend on groceries since early 2016, according to the results of the most widely-followed figures on the sector's health. The overall market grew by 0.3% over the 12 weeks e
Read moreSupermarket prices rebound in July as UBS see Asda and Sainsbury markups
18th Aug 2016 10:40
(ShareCast News) - Good news for big supermarkets but less so for consumers was unearthed by UBS, which has found the price-cutting pressure on the industry had eased because Asda has been less energetic in its price cutting than has been widely expected. The UBS 'Evidence Lab', which has been colle
Read moreSector movers: Retailers drop ahead of July CPI data
15th Aug 2016 17:13
(ShareCast News) - Price action at the start of the week saw both cyclical and defensive 'plays' battle it out for market leadership, with Ibstock and NMC Health pacing gains among Health Care and Construction-related issues, respectively, while retailers dropped ahead of (post-Brexit) CPI figures d
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