FTSE 100 movers: Old Mutual claws back last week's losses
14th Dec 2015 13:58
(ShareCast News) - The FTSE 100 has started the week on a rollercoaster, shifting between positive and negative territory throughout the day. The market was back in the green by mid-afternoon Monday, up 7.63 points (0.13%) Old Mutual rebounded after last week's losses due to political issues in Sou
Read moreWednesday preview: Tesco reports first half interims
8th Dec 2015 12:49
(ShareCast News) - Tesco reports its first half interims on Wednesday about a year after the supermarket giant revealed £263m black hole in its accounts. The market will be looking to see whether Tesco has redeemed itself since independent analysts from Deloitte identified the gap in the retailer's
Read moreLondon-listed supermarket retailers rally on broker notes
8th Dec 2015 09:18
(ShareCast News) - Broker notes boosted supermarket retailers on Tuesday, with Sainsbury, Tesco and Morrison the top gainers on the FTSE 100. Bernstein said that where discount retailer Aldi isn't able to maintain price leadership, instead of running loss leaders, it is likely to reduce its branded
Read moreBroker tips: Ophir Energy, Tesco, Sainsbury, Talk Talk
17th Nov 2015 16:35
(ShareCast News) - Ophir Energy surged after Credit Suisse upped its stance on the stock to 'neutral' from 'underperform' and lifted the price target to 100p from 90p following the capital markets day. It said the Fortuna floating liquefied natural gas project in Equatorial Guinea was the features o
Read moreTuesday broker round-up
17th Nov 2015 10:15
(ShareCast News) - Tesco: Citigroup upgrades to buy. Target price: 230.00p. Sabmiller: Nomura downgrades to neutral, raises target price to 4400.00p. Taylor Wimpey: Deutsche reiterates to buy, raises target price to 233.00p.
Read moreCiti upgrades Tesco but downgrades Sainsbury and Morrison
17th Nov 2015 09:28
(ShareCast News) - Citi has upgraded Tesco to 'buy' but downgraded Sainsbury's to 'neutral' and Morrison to 'sell' as the UK supermarket's big players jostle for position against the fast-expanding discounters in the ongoing industry price war. Published just before data from Kantar and Nielsen show
Read moreBig Four supermarkets sales sink, Nielsen shows
17th Nov 2015 08:41
(ShareCast News) - Sales at the 'Big Four' UK supermarkets sank 1.2% in the four weeks to the end of November, their largest year-on-year fall in the value of sales since October last year. Along with the decline in sales values, which are being dragged down by the industry's price war, volumes a
Read moreSainsbury's gains share as discounters claim fifth of grocery market, says Kantar
17th Nov 2015 08:01
(ShareCast News) - Discounters Aldi and Lidl have reached a combined share of 10% of the British grocery market for the first time, while Sainsbury's became the first major supermarket to claim a market share increase for over a year. The overall grocery market remained slow in the 12 weeks to 8 Nov
Read moreAldi and Lidl plan to open five times as many new stores as Big Four
15th Nov 2015 11:48
(ShareCast News) - Discount supermarkets Lidl and Aldi are planning to open significantly more stores than Tesco, J Sainsbury, Morrisons and Asda combined, figures have revealed. The German retails have submitted a total of 171 planning applications, five times as many as the so-called 'Big Four', w
Read moreBroker tips: Rolls Royce, Drax Group, Morrison, Tesco
10th Nov 2015 13:02
(ShareCast News) - Shares in engineering giant Rolls-Royce slid after Exane BNP Paribas slashed its price target on the stock to 685p from 840p to reflect an additional pullback in the civil aerospace margin and further pressure on shorter-cycle activities. Exane said Rolls, which it rates at 'neutr
Read moreTuesday broker round-up
10th Nov 2015 09:28
(ShareCast News) - Hochschild Mining: RBC Capital Markets upgrades to outperform, cuts target price to 85.00p. Drax Group: Deutsche downgrades to sell. Target price: 220.00p. Morrison Supermarkets: Deutsche downgrades to sell, cuts target price to 155.00p. Aggreko: Berenberg Bank upgrades to hold,
Read moreMorrison and Tesco slump on Deutsche Bank downgrade
10th Nov 2015 09:20
(ShareCast News) - Tesco and Morrison were under pressure after Deutsche Bank downgraded the stocks as it took a look at the UK food retail sector. The bank resumed its coverage of Tesco following a period of restriction, cutting the stock to 'hold' from 'buy' and chopping the target price to 210p f
Read moreUK retail sales slump as non-food growth slows, BRC-KPMG says
10th Nov 2015 08:42
(ShareCast News) - UK retailers endured subdued sales during October, with a disappointingly flat reading for the BRC-KPMG Retail Sales Monitor and a like-for-like decline for the month. October retail sales fell 0.2% on a like-for-like basis compared to last year. Total sales for the month rose 0.
Read moreTesco's liquidity improved with South Korean unit sale, says CEO
9th Nov 2015 10:20
(ShareCast News) - Tesco's liquidity profile has improved following the £4bn sale of the supermarket leader's South Korean unit, according to chief executive Dave Lewis. Speaking on the sidelines of the Confederation of British Industry's annual conference in London, Lewis said, "We expect to see Te
Read moreTesco's new chairman snaps up shares and bonds
27th Oct 2015 13:46
(ShareCast News) - Tesco's new chairman John Allan bought 51,978 shares in the supermarket giant on Tuesday. Allan, who took over from Sir Richard Broadbent in March, purchased the shares at 192.39p each, amounting to a total value of £100,000. The chairman also spent a further £186,000 on buying u
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