Tesco boosted as Barclays reiterates positive stance
15th Jun 2016 11:54
(ShareCast News) - Tesco racked up healthy gains on Wednesday as Barclays reiterated its 'overweight' stance on the stock, saying a price of around 150p is very attractive, ahead of what it expects to be a reassuring first-quarter trading statement next week. The bank noted Tesco's share price has d
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreInsurers and banks lead falls
10th Jun 2016 21:12
(ShareCast News) - A renewed move lower in government bond yields across the globe weighed on financials, especially UK-listed life insurers, which some analysts believed were the most exposed sector of UK equity market to falling market interest rates in the US. The yield on the benchmark 10-year U
Read moreKipa's shares dive after Tesco sells majority stake at discount
10th Jun 2016 13:34
(ShareCast News) - Shares in Istanbul-quoted Turkish supermarket chain Kipa were down almost 20% after supermarket titan Tesco offloaded its 95.5% stake at a massive discount to market value. Tesco said the disposal of Izmir-based Kipa, which still required regulatory approval, would produce cash pr
Read moreTesco confirms sale of Kipa, Giraffe
10th Jun 2016 07:05
(ShareCast News) - Grocery giant Tesco confirmed the proposed sale of its Kipa and Giraffe businesses on Friday, as it continues to slim down and focus on its core retail business. The FTSE 100 firm said it has agreed to sell its 95.5% controlling share in Turkish supermarket chain Kipa to Swiss ret
Read moreTesco to sell Giraffe restaurant chain and its Turkish retail business
8th Jun 2016 16:35
(ShareCast News) - Tesco, the UK's biggest retailer, was reportedly set to announce the sale of its Turkish unit and Giraffe restaurant chain in an effort to offload its underperforming businesses. Tesco was in talks to sell its Turkish unit Kipa to Migros, a Turkish-owed retailer, Sky News reported
Read moreTesco and Morrison gain share as big supermarkets fight on, Kantar says
1st Jun 2016 08:36
(ShareCast News) - All four of the major supermarkets - Tesco, Sainsbury, Walmart's Asda and Morrison - endured a year-on-year decline in sales during the last twelve weeks, according Kantar and Nielsen data, though their market share remained solid. Across the grocery sector, Kantar Worldpanel foun
Read moreSunday newspaper round-up: AstraZeneca, oil IPOs, M&S, Exova, Tesco
29th May 2016 16:22
(ShareCast News) - AstraZeneca, the UK's second-biggest drug developer, will this week outline its next big hope in the battle against cancer by unveiling new data on a class of treatments, known as DNA damage response (DDR) medicines, at a conference in Chicago. The drugs work by stopping cancerous
Read moreFinancials, big oil, miners pace gains in London
25th May 2016 21:00
(ShareCast News) - Financials and big oil continued to power ahead at the middle of the week as the threat from two of the market´s most recent bugbears appeared to receed a little. On Wednesday, Athens managed to clinch a deal to relieve the government´s lack of financial liquidity, while in the UK
Read moreFTSE 100 movers: Financials, Big oil pace gains
25th May 2016 16:34
(ShareCast News) - Financials were again to be found near the top of the leaderboard on Wednesday with shares of 'big oil' firms nipping at their heels. According to an opinion poll conducted for the Evening Standard by Opinium, voters in London said they were overwhelmingly in favour of the UK stay
Read moreBroker tips: Tesco, Mitchells & Butlers, CRH
25th May 2016 16:12
(ShareCast News) - Calculating that Tesco's sales performance at larger stores is likely to be worse than reported and that margins should be "permanently rebased lower", Credit Suisse has cut its earnings estimates and its target price on the supermarket group. Credit Suisse cut its TP to 115p from
Read moreCredit Suisse cuts Tesco target price on big-box sales drop
25th May 2016 13:19
(ShareCast News) - Calculating that Tesco's sales performance at larger stores is likely to be worse than reported and that margins should be "permanently rebased lower", Credit Suisse has cut its earnings estimates and its target price on the supermarket group. Credit Suisse cut its TP to 115p from
Read moreFTSE 100 movers: RBS and Tesco lead strong rally
24th May 2016 15:05
(ShareCast News) - The FTSE 100 shrugged off an early dip to put on a strong gain over Tuesday's session as Brexit odds lengthened, oil prices strengthened and a banking sector tracking expectations of a US rate rise higher. With an hour to go before the close, the blue chip index was up 1.1% at 6,2
Read moreDefensives lead bounce in stocks
20th May 2016 19:03
(ShareCast News) - Defensive issues led the market's bounce higher at the end of the week, with those sectors which stood to gain the most from a vote by Britons to remain in the UK pacing gains on the top flight index. Although low inflation boosts consumers' spending power, it is of scant benefit
Read morePubs suffer tough April as restaurants enjoy further growth
19th May 2016 07:51
(ShareCast News) - The restaurants and pubs sector endured a further decline in like-for-like sales in April, as wavering consumer confidence mixed with inclement weather. Like-for-like sales across managed pub and restaurant groups fell 0.8% against the same month last year, according to the Coffer
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