Tesco Bank takes on high street lenders with new mortgage broker offer
19th Apr 2016 14:12
(ShareCast News) - Tesco's banking arm has set out plans to increase its lending by offering mortgages through independent brokers. The supermarket chain's Tesco Bank subsidiary has made its mortgage range available through London and Country mortgage brokers initially and will expand this into a ra
Read moreTesco receives Dobbies bid from Terra Firma, reports say
19th Apr 2016 10:35
(ShareCast News) - Tesco has reportedly received a £175m approach for its Dobbies Garden Centres division from rival Wayvale, which is owned by private equity house Terra Firma. Terra Firma, which is run by Guy Hands, made the offer in recent days with the assistance of Goldman Sachs, Sky News repo
Read moreDirector dealings: Tesco chairman shows support
14th Apr 2016 15:23
(ShareCast News) - Tesco chairman John Allan dipped into the market to show his confidence in the turnaround as shown in the grocer's final results, although with the shares on the slide he would have saved himself several thousand if he'd waited until Thursday. The company said on Thursday that the
Read moreThursday broker round-up
14th Apr 2016 14:09
(ShareCast News) - Metro Bank: Goldman Sachs reiterates neutral with a target price of 2080p. Burberry: Credit Suisse stays at underperform with a target price of 1050p. JD Sports: Investec keeps at buy with a target price of 1420p and Cantor Fitzgerald reiterates buy with a target of 1400p. Tesco
Read moreBroker tips: PZ Cussons, Tesco, Johnson Matthey
14th Apr 2016 13:33
(ShareCast News) - Shares in PZ Cussons were in the red on Thursday as Numis reiterated its 'reduce' rating after the company warned of difficult conditions in its main market of Nigeria. In an update for 27 January to 13 April, Cussons said overall trading has been in line with expectations and the
Read moreThursday newspaper share tips: Tesco, WH Smith
14th Apr 2016 13:06
(ShareCast News) - Management at Tesco is optimistic and it may be right, the Financial Times's Lex column said. Sales are unlikely to grow, after all the rate of improvement is limited by that of the rest of the economy and the UK has too many supermarkets to boot. Its international footprint is a
Read moreSocGen downgrades Tesco, sees scope for de-rating
14th Apr 2016 09:04
(ShareCast News) - Societe Generale downgraded Tesco to 'sell' from 'hold' and cut the price target to 150p from 180p following the company's full year results. It said management's cautious guidance for 2016-17 showed additional heavy investments are required in the UK. Despite the improved top-lin
Read moreLondon pre-open: Stocks seen higher after China trade data
13th Apr 2016 07:32
(ShareCast News) - London stocks were set for a positive open on Wednesday, taking their cue from an upbeat session in Asia after encouraging Chinese trade data. The FTSE 100 was seen starting 33 points higher than Tuesday's close at 6,275. China's yuan-denominated exports rose 18.7% in March compa
Read moreTesco turnaround continues but Lewis warns of investment drag on profits
13th Apr 2016 07:03
(ShareCast News) - Tesco broke back into the black with a £162m pre-tax profit that marked a turnaround from the previous year's record £6.3bn loss, also delivering the first annual volume growth in five years. The UK's largest supermarket generated a 0.9% increase in UK like-for-like sales in the f
Read moreWednesday preview: Tesco expected to swing to full year profit
12th Apr 2016 13:16
(ShareCast News) - Tesco is expected to reveal it swung to a full year profit on Wednesday as the supermarket chain's recovery plan shows progress. The company is forecast to report pre-tax profit of £541m for the year to 26 February, compared to the previous year's record loss of £6.38bn. Revenue
Read moreTesco sells half stake in Asian ecommerce site to Alibaba
12th Apr 2016 07:12
(ShareCast News) - Tesco has agreed to sell just over half its stake in South East Asia ecommerce marketplace Lazada to China's giant Alibaba Group for $129m. Ahead of Wednesday's results from the supermarket group, which made a £124m ($200m) investment in 2013, will sell an 8.6% stake to Alibaba $1
Read moreTesco planning to offload Dobbies Garden Centres
11th Apr 2016 10:14
(ShareCast News) - Tesco was reported to be preparing plans to sell its loss-making divisions on Monday, with chief executive Dave Lewis appointing an adviser to assist with a sale of garden centre chain Dobbies. Sky News reported that Lewis had appointed Greenhill - an adviser to Tesco for some tim
Read moreWednesday broker round-up
6th Apr 2016 14:37
(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310
Read moreBroker tips: Electrocomponents, Tesco, Serco
5th Apr 2016 15:49
(ShareCast News) - Electrocomponents rallied as Numis upgraded its price target to 295p from 275p and reiterated its 'buy' rating on Monday following a trading update. The company said it expected full year profits to hit the top end of market expectations after a solid fourth quarter in which the U
Read moreTuesday broker round-up
5th Apr 2016 15:09
(ShareCast News) - Royal Mail: Investec reiterates buy with a target price of 580p. Gooch Housego: Investec reiterates buy, 1020p target and Finncap keeps at hold. Glencore: Exane BNP Paribas maintains outperform with a target price of 165p. Babcock: JP Morgan reiterates overweight with a targe
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