Tuesday newspaper share tips: British Land, Marks & Spencer
17th May 2016 12:36
(ShareCast News) - The relative under-performance of British Land's shares in recent months is arguably a tell for heightened risk aversion among investors, says the Financial Times' s Lex column. It pointed to the 23 June referendum that would decide whether the UK continued as part of the EU, and
Read moreGrocers and miners lead gains
13th May 2016 20:22
(ShareCast News) - Miners and grocers led gains on the market as the selling pressure on two of the past week's worst performers eased a bit. Gains in the former were particularly noteworthy, coming as they did in the face of an across-the-board retreat in commodity prices, in part as the US dollar
Read moreFTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreTesco faces Irish strike threat over pay cuts
12th May 2016 08:14
(ShareCast News) - Store staff in more than 70 of Tesco's Irish stores have threatened to go on strike next Monday in a dispute over pay and changed conditions. The Mandate union said workers in Republic of Ireland were unhappy with pay cuts of between 15% and 35%, together with reductions to ove
Read moreRetail sales fall in April as cold hits footwear and fashion, says BRC-KPMG
10th May 2016 10:27
(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row
Read moreTuesday newspaper round-up: Brexit, oil prices, Tata offers, Channel 4
9th May 2016 12:20
(ShareCast News) - Support among business for Britain staying in the EU has declined since David Cameron announced an in/out referendum three months ago, but still remains significant. Despite warnings about the economic costs of Brexit from the Treasury, the International Monetary Fund and the Orga
Read moreMorrisons gains and Tesco loses as UK supermarket sales slow, Kantar says
4th May 2016 09:47
(ShareCast News) - Sales at all four of the big four UK supermarkets fell in recent weeks as grocery growth slowed markedly post-Easter, according to data from Kantar Worldpanel. Although Sainsbury's was stronger than its rivals, sales fell for the first time since last July, losing 0.4% in the 12 w
Read moreBroker tips: Tesco, Weir Group, StanChart
27th Apr 2016 15:34
(ShareCast News) - Shares in supermarket chain Tesco were under the cosh on Wednesday as JPMorgan Cazenove issued a downbeat note on the company and downgraded its estimates. Having analysed Tesco's profit and loss, cash and balance sheet trends, JPM concluded: "Tesco's ability to generate cash flow
Read moreTesco slumps as JPMorgan highlights issues
27th Apr 2016 13:45
(ShareCast News) - Shares in supermarket chain Tesco were under the cosh on Wednesday as JPMorgan Cazenove issued a downbeat note on the company and downgraded its estimates. Having analysed Tesco's profit and loss, cash and balance sheet trends, JPM concluded: "Tesco's ability to generate cash flow
Read moreCMA forces supermarkets to change price promotion tactics
27th Apr 2016 07:17
(ShareCast News) - The UK competition regulator has demanded several large supermarket groups to review their promotions and has been forced to arrange specific changes with US-owned Asda, with a government consultation set to begin into legislation and guidance on unit pricing. The Competition and
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreMonday broker round-up
25th Apr 2016 13:13
(ShareCast News) - Ted Baker: Jefferies upgrades to buy with a 3000p target. Howden Joinery Group: Goldman Sachs upgrades to neutral with a 515p target. Genel Energy: Barclays keeps at overweight with a target price of 115p and Canaccordreiterates speculative buy with a target of 165p. Royal Dutch
Read moreHousebuilders and supermarkets lead gains
22nd Apr 2016 15:50
(ShareCast News) - Housebuilders were on the upside of the FTSE 100 for much of Friday, with some brokers turning less cautious on the sector than they have been in recent months. Analysts at Canaccord Genuity reiterated ratings on three of the top movers, including Barratt Developments, Berkeley Gr
Read moreFriday broker round-up
22nd Apr 2016 15:08
(ShareCast News) - Acacia Mining: Jefferies reiterates buy with a 390p target and Citigroup stays at neutral with a target price of 340p. ITV: UBS stays at sell with a 230p target. Easyjet: Credit Suisse keeps at outperform with a target price of 2137p. Lloyds: Deutsche Bank keeps at buy with a t
Read moreFitch lifts Tesco's outlook, holds debt rating
21st Apr 2016 15:15
(ShareCast News) - Credit agency Fitch has revised Tesco's debt outlook to 'stable' from 'negative' and confirmed the supermarket group's long-term default and senior unsecured rating at 'BB+'. Fitch said the improved outlook was due to its expectations of a progressive recovery in Tesco's core UK m
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