Sugar taxes and food promotion clampdown could follow PHE obesity report
22nd Oct 2015 16:24
(ShareCast News) - A report by UK public health officials has found sugar taxes are an effective tool to combat obesity and has called for restrictions on food manufacturers and supermarkets offering deals on unhealthy foods and marketing to children. The report, 'Sugar Reduction: The evidence for a
Read moreTesco completes disposal of Homeplus
22nd Oct 2015 11:07
(ShareCast News) - Supermarket retailer Tesco has completed the disposal of its South Korean unit Homeplus, which was sold for £4.2bn. The 900-store operation was sold in September to a private-equity consortium led by MBK Partners, which beat off rivals KKR and Carlyle Group. At its height, the ch
Read moreLondon midday: Shares fall as BoE's McCafferty calls for rate hike
20th Oct 2015 11:18
(ShareCast News) - London stocks snapped an earlier climb on Tuesday after the Bank of England's well-known hawk Ian McCafferty again called for an interest rate hike. McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, s
Read moreTesco loses share as supermarket sector prices fall further, says Kantar
20th Oct 2015 10:01
(ShareCast News) - The supermarket price war was continuing to rage in full force to the benefit of consumers, who were opting to pocket the savings, survey compiler Kantar Worldpanel said. In the 12-week period ending on 11 October overall supermarket sales were up by only 0.8% in comparison to a y
Read moreTesco and Morrison lose market share, Nielsen's dismal data shows
20th Oct 2015 08:18
(ShareCast News) - Two of the UK's three listed grocers saw their market share drop in the latest 12 week period, according to reports citing the latest data available from Nielsen, as the grocery sector suffered a rare fall in both sales value and volume in the last four weeks. In the four weeks to
Read moreLondon pre-open: Stocks to edge higher ahead of US data, Fed speakers
15th Oct 2015 07:36
(ShareCast News) - Equity markets in Europe were expected to move higher at the start of trading on the back of overnight gains in the Asian trading session, as investors digest the potential implications of the dovish US Federal Reserve Beige book published on Wednesday night. Footsie is expected t
Read moreTesco sells Spenhill development sites for GPB250m
15th Oct 2015 07:05
(ShareCast News) - Tesco has agreed to sell 14 sites managed by its Spenhill property development arm across London, the South East and Bath for £250m. The FTSE 100 company announced on Thursday it is selling them to a fund and clients advised by Meyer Bergman. The sites are suitable for mixed-use
Read moreTesco launches immediate price match guarantee
12th Oct 2015 12:03
(ShareCast News) - Tesco will become the first UK supermarket to offer immediate price matching at its tills to ensure customers never pay more for their branded shop compared with other leading supermarkets. The new 'Brand Guarantee', which is a direct result of feedback from Tesco's customers and
Read moreMonday newspaper round-up: Glencore, HSBC, Private sector wages
12th Oct 2015 06:48
(ShareCast News) - Glencore is preparing to unveil asset sales in Australia and Chile, prompting a halt in trading of its Hong Kong listed shares on Monday morning. The embattled miner, which has seen its shares whipsaw amid the slump in commodities and China slowdown, told the Hong Kong Exchange it
Read moreTesco's self-imposed director dealings ban lifted
9th Oct 2015 15:45
(ShareCast News) - Tesco director Deanna Oppenheimer has purchased 17,000 American Depository Receipts (ADR) after a self-imposed ban on director dealings was lifted. Each ADR is the equivalent of three shares in the company, giving her a total of 51,000 shares. The move comes after chairman John A
Read moreLondon close: Stocks rise after BoE and ECB meeting minutes
8th Oct 2015 16:22
(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e
Read moreSector movers: Metal stocks drive markets up
8th Oct 2015 15:19
(ShareCast News) - Industrial metals helped to prop up London markets again on Thursday, after Jefferies commented optimistically on the metals and mining industry. Towards the end of trading, the FTSE 100 was up 0.45% or 28.44 points higher at 6,364.79, while the FTSE 250 dropped 0.35% or 58.87 poi
Read moreFTSE 100 movers: Tesco moves back up the chain
8th Oct 2015 13:28
(ShareCast News) - After a slow start to the morning, the FTSE 100 was up 16.74 points (0.26%) to 6,353.09 by mid-afternoon. Despite Wednesday's announcement that underlying profits are down 55% for the first half of the year, Tesco is leading the risers for the day. UBS on Thursday morning issued a
Read moreThursday newspaper share tips: Stocktake on Tesco
8th Oct 2015 10:30
(ShareCast News) - On Wednesday, Tesco announced its interim operating profit dropped as discount retailers continued to take their toll. It also warned the grocery market remained challenging. So on Thursday, the newspaper pundits decided it was time for a stocktake on the supermarket. The Telegrap
Read moreLondon pre-open: Stocks to start session slightly lower
7th Oct 2015 08:09
(ShareCast News) - Stocks are being called to start the day slight lower, with the Footsie down by about 20 points, ahead of what was being called to be a light day in terms of economic data releases. Wall Street finished on a mixed note overnight, amid a large rise in crude futures and following do
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