Tesco slides as Deutsche Bank downgrades to 'hold'
5th Apr 2016 08:52
(ShareCast News) - Tesco was under pressure on Tuesday after Deutsche Bank downgraded its stance on the stock to 'hold' from 'buy' with an unchanged price target of 210p. The bank noted Tesco is due to report full year results on 13 April and said that after joining in September 2014, this represent
Read moreTesco nears growth as supermarkets sales speed up, says Kantar
5th Apr 2016 08:26
(ShareCast News) - The rot is stopping at Tesco and an imminent return to growth is on the cards, according to supermarket industry data, though both the market leader and Sainsbury's have lost ground to rivals. Overall UK supermarkets are enjoying increasingly rapid growth as the year goes on, acco
Read moreFriday newspaper round-up: Tata, Rolls-Royce, Tesco, Sky
1st Apr 2016 07:28
(ShareCast News) - Some of the UK's biggest companies, including Rolls-Royce and Petrofac, have been drawn into a scandal over alleged bribery and corruption in the international oil industry. The Serious Fraud Office is understood to have teamed up with the FBI and the US Department of Justice to i
Read moreTuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read moreWednesday newspaper share tips: Tesco, Micro Focus
23rd Mar 2016 15:35
(ShareCast News) - A barrage of new initiatives from Tesco has helped steady the ship, but it will be some time before they yield fatter margins and the return of the dividend, the Financial Times's Lex column said. The grocer's recent launch of a new own-brand product range - mimicking those of the
Read moreTesco appoints foods specialist to board
21st Mar 2016 10:03
(ShareCast News) - Tesco has appointed chilled and ambient foods expert Lindsey Pownall to its board as a non-executive director. Lindsey Pownall, who will join the board from 1 April and will be part of the corporate responsibility committee, retired in December as chief executive of Samworth Broth
Read moreTesco joins zero-food waste movement
11th Mar 2016 12:40
(ShareCast News) - Tesco announced a new commitment to zero food waste on Friday, joining a number of other grocers already supporting food poverty charity FareShare. The supermarket said the scheme - dubbed 'Community Food Connection with FareShare FoodCloud' - was being launched in 15 areas across
Read moreTesco said to consider buyout of O2's stake in mobile JV
9th Mar 2016 10:23
(ShareCast News) - Supermarket chain Tesco is reportedly looking to expand its presence in the UK mobile market by buying O2's stake in their 50:50 mobile joint venture as it takes advantage of the fallout from Hutchison's takeover bid. The Telegraph cited industry sources as saying that Tesco was l
Read moreWednesday newspaper round-up: Tesco, Brexit, bankers' bonuses, Hinkley Point
9th Mar 2016 07:07
(ShareCast News) - After helping pensioners to use the internet "over a cuppa" and assisting graduates with polishing their CVs, Barclays is now attempting to boost businesses by offering digital equipment such as 3D printers in some branches. The bank is planning to open up to 20 "labs" this year d
Read moreTesco stopping the rot as Sainsbury's strong run continues, Kantar says
8th Mar 2016 08:04
(ShareCast News) - Sainsbury's was the only one of the Big Four supermarkets to enjoy increased spending in the last three months, though Tesco halved its sales decline, according to data from Kantar Worldpanel. Morrisons sales continued to slide due to the sale of its convenience stores, though its
Read moreMorrisons set for FTSE 100 return, Sports Direct in line for demotion
1st Mar 2016 15:19
(ShareCast News) - Morrisons, which announced a new grocery supply deal with Amazon.com on Monday, may work its way back into the FTSE 100 this month. The supermarket retailer, which was booted out at the last quarterly review, could be joined by newly-merged Paddy Power Betfair and private hospital
Read moreFTSE 100 movers: Miners gain but HSBC slumps on Bernstein note
29th Feb 2016 13:47
(ShareCast News) - London's FTSE 100 index was down 0.3% to 6,075.39 at 1525 GMT, as investors weighed up disappointment that the G20 meeting did not yield a coordinated stimulus effort against the People's Bank of China's move to cut the reserve requirement ratio. HSBC was in the red after Bernstei
Read moreUBS positive on Tesco, Burberry
29th Feb 2016 12:53
(ShareCast News) - Were a 'disconnect' between resilient economic indicators and collapsing stockmarkets a reason to go 'contrarian' as an investor? On Monday, UBS strategist Joao Toniato told investors he thought so, "but with caution". That was because the European market had gone three-quarters
Read moreTesco and Sainsbury stumble after Amazon's UK grocery deal with Morrison's
29th Feb 2016 11:13
(ShareCast News) - Shares in Tesco and Sainsbury were sent lower on Monday on news US online giant Amazon is entering the British fresh food market via a deal with Morrison's. The wholesale deal between rival Morrison's and Amazon will see the Bradford-based grocer will supply hundreds of its produc
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
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