UK supermarkets recall Yeo Valley-supplied yoghurts over rubber contamination fears
1st Aug 2016 12:53
(ShareCast News) - Britain's major supermarkets are withdrawing own-branded yoghurt products supplied by Yeo Valley as they may contain pieces of rubber, the Food Standards Agency said on Monday. The recall affects 23 varieties of yoghurt sold in Asda, Tesco, Sainsbury's, Waitrose, and Co-op. The F
Read moreTesco embraces 'store in store' format with Holland & Barrett
26th Jul 2016 11:52
(ShareCast News) - Tesco and health food shop chain Holland & Barrett have partnered up to introduce a health and well-being 'store in store' format in several of the grocery titan's UK sites. Holland & Barrett's sales areas would include a range of popular brands, including Bootea, snail gel and
Read moreBig four supermarkets all lose ground to discounters post-Brexit
26th Jul 2016 09:02
(ShareCast News) - Tesco, Sainsbury, Asda and Morrison lost further market share to discounters as the Big Four all saw sales drop in the weeks following the Brexit vote, though as a whole the sector saw sales bounce back slightly on previous months. A monthly report from research firm Kantar Worldp
Read moreTesco and Sainsbury's recall tinned goods over rubber fears
13th Jul 2016 10:19
(ShareCast News) - Both Tesco and Sainsbury's issued a recall for some tinned food on Wednesday, amid fears they may contain rubber. The supermarkets - Britain's number one and two grocers, respectively - confirmed the recall was a "precautionary measure", and advised customers not to eat the affect
Read moreSunday newspaper round-up: AstraZeneca, Asda, Italy
10th Jul 2016 16:58
(ShareCast News) - AstraZeneca is considering tabling a last-minute bid for a $10bn (£7.7bn) American cancer drug developer, which has become a target for some of the world's largest pharmaceutical companies. Medivation, which last week opened its books to Pfizer and Sanofi, is still courting other
Read moreSunday share tips: Ibstock, Forterra, Asda, Tesco, Sainsbury
10th Jul 2016 16:35
(ShareCast News) - Don´t try to catch a falling brick was the view of The Sunday Times´s Danny Fortson regarding shares in Ibstock and Forterra. Stock in both brick-markers had tanked by almost 40% since the Brexit vote and in the case of the latter analysts at Deutsche Bank believed they had been '
Read moreSupermarkets hit by HSBC downgrade on Asda price cut, as deflation continues
6th Jul 2016 10:42
(ShareCast News) - HSBC has warned that supermarket sector profit margins are likely to be trampled afresh by a round of heavy price cuts from Asda, further ratcheting up price pressure as industry data shows price deflation continues unabated. With BRC-Nielsen data also released on Wednesday showin
Read moreMonday broker round-up
4th Jul 2016 08:05
(ShareCast News) - Auto Trader: Barclays stays at equal-weight with a target price of 340p. Dignity: Berenberg reiterates buy with a 2825p target. Dixons Carphone: HSBC keeps at buy with a target price of 400p. Mitchels & Butlers: JP Morgan downgrades to neutral with a target of 240p. Diageo: Ber
Read moreDiscounters Aldi and Lidl hit record grocery market share
28th Jun 2016 09:56
(ShareCast News) - Discounters Aldi and Lidl saw their combined share of the grocery market rise to a record high of 10.5% in the 12 weeks to 19 June, while the UK's big four supermarkets saw a drop in market and the overall market slipped into decline for the first time since January. Supermarket s
Read moreCapita signs £140m partnership agreement with Tesco Mobile
28th Jun 2016 08:33
(ShareCast News) - Capita said it had formed a £140m partnership with Tesco Mobile to provide customer management services. The five year deal will start on 1 August 2016. Capita said it secured major new and extended contracts worth over £800m in the first six months of 2016.
Read moreSunday newspaper round-up: Rate cut, City exodus, pensions, LSE, RBS and Lloyds
26th Jun 2016 15:03
(ShareCast News) - The Bank of England is set to slash interest rates and even restart its money-printing programme to stimulate a slowing economy after the vote for Brexit, the Sunday Times reported. A cut in Bank rate is now viewed as a near-certainty by investors, having been considered an even-m
Read moreTesco sales growth continues as Harris + Hoole sale proposed
23rd Jun 2016 07:19
(ShareCast News) - First-quarter results from Tesco confirmed sales growth continued for the second successive period, while chief executive Dave Lewis revealed plans to sell the Harris + Hoole coffee shop chain to Caffè Nero. Tesco recorded like-for-like sales growth of 0.9% in the 13 weeks to 28 M
Read moreSunday newspaper round-up: Brexit bets, airlines, CMA probes, Lloyds lock-up
19th Jun 2016 17:54
(ShareCast News) - Currency traders are betting sterling will slip to an all-time low against the euro of €1.05-1.20 if Britain votes to leave the European Union, eclipsing Black Wednesday in 1992. Currency contracts have recently suggested that investors believe the pound will probably tumble again
Read moreTesco turfs Dobbies out to investor group
17th Jun 2016 07:18
(ShareCast News) - Retail giant Tesco confirmed the sale of its Dobbies Garden Centres chain on Friday, to an investor group led by Midlothian Capital Partners and Hattington Capital. The FTSE 100 firm said the sale represents the entire share capital of Dobbies, with Tesco receiving £217m in cash t
Read moreMiners and tech lead gains
15th Jun 2016 18:54
(ShareCast News) - A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher. Adding to the positive sentiment, data published overnight in China revealed stable lending dynamics across the country in May, although the figures also pointed towards a
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