Sunday newspaper round-up: HMRC's new tax deals, Tesco's debt, Sainsbury's
24th Jan 2016 16:11
(ShareCast News) - In the wake of Google's £130m tax settlement with the UK taxman, other giant US corporations are close to shaking hands on their own deals. HM Revenue & Customs officials have confirmed to the Sunday Times that Amazon, Facebook, Microsoft and McDonald's are all close to agreements
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreFTSE 100 movers: Jakarta bombs force IHG to fall
14th Jan 2016 14:18
(ShareCast News) - After a mostly positive week, the FTSE 100 was down 100.16 points (1.68%) to 5,860.81 by mid-afternoon Thursday. InterContinental Hotels Group led the fallers, with TUI AG also featuring in the bottom 10 after a series of bomb blasts rocked Jakarta. A Canadian and an Indonesian w
Read moreLondon open: MPC may surprise with dovish tone, analysts say
14th Jan 2016 08:41
(ShareCast News) - London's top flight index dropped sharply early on Thursday morning, following a bruising session on Wall Street and with investors and traders focused on the Monetary Policy Committee announcement at noon. As of 08:38GMT the Footsie was down by 89.76 points to 5,871.21. To take
Read moreTesco's strong Christmas puts sheen on weak third quarter
14th Jan 2016 07:07
(ShareCast News) - Tesco's fortunes turned around over the Christmas period, with an impressive like-for-like sales improvement following another decline in the third quarter. Group LFL sales bounced back with a 2.1% rise in the six weeks to 9 January, with the UK LFLs climbing 1.3% as the prior yea
Read moreFTSE 100 movers: Tesco surges on rival's unexpected positive results
12th Jan 2016 13:32
(ShareCast News) - The FTSE 100 continued to recover some of its losses from the start of the year, rising 107.03 points (1.82%) to 5,978.86 by mid-afternoon Tuesday. Tesco led the risers ahead of its Christmas and third quarter trading update out on Thursday, following an unexpectedly solid Christm
Read moreSupermarket sales slip over Christmas, Kantar finds
12th Jan 2016 08:01
(ShareCast News) - UK supermarket industry sales over the festive period fell by 0.2% on last year, though Sainsbury's continued to grab market share along with the ever-rising discounters. Market data from Kantar Worldpanel for the 12 weeks ending 3 January found Sainsbury's increased sales by 0.8%
Read moreMonday newspaper round-up: China, AB Inbev, Supermarkets
11th Jan 2016 07:20
(ShareCast News) - China has opened a new front in its war to curb currency depreciation by buying up renminbi offshore, foiling the burgeoning carry trade and driving the cost of borrowing to a record high. The overnight CNH Hibor, a daily benchmark for offshore renminbi interbank lending, hit a re
Read moreFTSE 100 movers: Tesco leads market on positive broker note
8th Jan 2016 14:17
(ShareCast News) - London's blue-chip market was still in the black by mid-afternoon Friday, recovering some of the week's losses, with the FTSE 100 was up 19.22 points (0.32%) to 5,973.30 points. Tesco led the risers as Barclays upgraded the stock to 'overweight' from 'equalweight'. It said recent
Read moreTesco rallies on Barclays upgrade
8th Jan 2016 09:04
(ShareCast News) - Tesco flew to the top of the FTSE 100 on Friday as Barclays upgraded the stock to 'overweight' from 'equalweight'. It said recent share price underperformance has left Tesco's valuation at attractive levels, although the bank remains conscious of the headwinds facing the UK food r
Read moreFTSE 100 movers: Miners reverse downward trend
5th Jan 2016 14:02
(ShareCast News) - The FTSE 100 had rebounded from Monday's losses by mid-afternoon Tuesday, with the blue chip index up 39.12 points (0.64%) to 6,132.55. Miners Glencore, Anglo American, Fresnillio and Rio Tinto reversed their losses from the start of the week and led the risers after news the UK c
Read moreDeutsche Bank upgrades Tesco and WM Morrison ahead of Christmas results
5th Jan 2016 08:44
(ShareCast News) - Deutsche Bank has upgraded Tesco and WM Morrison ahead of the supermarkets releasing Christmas trading figures later this month. In a note from the investment bank on Tuesday, Tesco was upgraded from 'hold' to 'buy' but had its target price cut from 210p to 200p, while Morrison's
Read moreAmazon to accelerate UK grocery plans
29th Dec 2015 08:28
(ShareCast News) - Amazon has revealed it plans to ramp up its UK grocery offering in the new year, adding a significant new disruptive pressure into the already aggressively competitive supermarket industry. The UK online retailing colossus launched its Pantry service in Britain in November, off
Read moreFTSE 100 movers: Old Mutual rebound continues
15th Dec 2015 13:58
(ShareCast News) - The FTSE was on track to reverse Monday's losses, with the blue chip market up 124.93 points (2.13%) mid-afternoon Tuesday to 5,998.99 points. Old Mutual continued to rebound after last week's losses due to political issues in South Africa. A broker downgrade and weaker rand weig
Read moreSainsbury stands out as Tesco and Morrison sales fall, Kantar shows
15th Dec 2015 08:15
(ShareCast News) - Sainsbury's has continued to thwart its rivals in recent weeks, increased sales and growing its market share as Tesco, Asda and Morrison all saw sales fall, according to Kantar Worldpanel data. Difficult conditions continued for the industry, with total grocery market sales in the
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