Goldman Sachs sells Sainsbury and buys Ocado over Amazon Fresh food launch
14th Aug 2015 08:57
(ShareCast News) - Goldman Sachs said the sell-off in Ocado shares has been an unwarranted over-reaction to news that Amazon is planning to launch its Fresh food offering in the UK, as it will be worse news for bricks-and-mortar grocers. Goldman retained its 'buy' rating on Ocado and 'sell' on Sains
Read moreTesco tumbles on Dunnhumby sale 'fail' fears
12th Aug 2015 09:19
(ShareCast News) - Tesco shares have been hit by the prospect the grocer will have to sell its Dunnhumby data analysis arm for less than half it had hoped, and might have to resort to a rights issue. Some bidders for the division, which include advertising giants WPP and private equity firm General
Read moreUK retail sales slowed by food decline, BRC-KPMG finds
11th Aug 2015 09:15
(ShareCast News) - A decline in food sales led to a slowing in UK retail sales growth in July, although the BRC-KPMG retail sales monitor increased more than was predicted. With strong non-food sales offsetting a negative performance from food, like-for-like sales in July rose 1.2% year-on-year, ahe
Read moreSunday newspaper round-up: PPI mark II, RBS share sale, Shire, Dixons
9th Aug 2015 19:02
(ShareCast News) - UK banks have begun to prepare for a fresh multi-billion-pound wave of further compensation for mis-selling payment-protection insurance (PPI). City watchdog the Financial Conduct Authority (FCA) is poised to deliver its verdict on a new potential PPI scandal, sparked by a Supreme
Read moreFTSE 100 movers: StanChart, miners and Tesco lift index
5th Aug 2015 15:58
(ShareCast News) - The FTSE 100 was generally on the up through most of Wednesday's session, with some well-received financial results accompanied by a mining sector bounce. London's blue chip index was ahead by 0.78% at 6,738.50 points at 1616 BST, with BHP Billiton and Rio Tinto leading the pack t
Read moreSunday newspaper round-up: RBS stake sale, Arriva return, IHG deals eyed
2nd Aug 2015 15:19
(ShareCast News) - The government may begin the process of selling down its 79% stake in Royal Bank of Scotland this week at the behest of Chancellor George Osborne. A sale of a £2.5bn chunk of shares, equivalent to 6% of the company, could begin in the coming days, the Sunday Times said. The Treasu
Read moreSainsbury's overtakes Asda as UK's second-biggest supermarket
28th Jul 2015 16:03
(ShareCast News) - Sainsbury's has overtaken Asda to become the number two supermarket after Tesco, according to data released by market researcher Kantar Worldpanel. Despite a fall in sales of 0.3%, Sainsbury's had edged its market share of 16.5% ahead of Asda, which now stands at 16.4%. Kantar sa
Read moreTuesday newspaper round-up: London property, Britain, Eurozone
28th Jul 2015 06:48
(ShareCast News) - David Cameron will promise today to unmask the corrupt offshore companies that are buying up luxury London properties using "plundered and laundered cash". In a vow to stop Britain from becoming a haven for "dirty money", the prime minister will disclose plans to shine a light on
Read moreSunday newspaper round-up: Bwin.party, Scotland, Greece
26th Jul 2015 16:20
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read moreSunday newspaper round-up: Bwin.party, Scotland, Greece
26th Jul 2015 16:20
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read moreFood retailers defend sugar record after SACN report slashes sugar guidance
17th Jul 2015 10:38
(ShareCast News) - A government-backed report on carbohydrates has called for the British recommended daily allowance of sugar to be cut in half, which has forced retailers to robustly defend their efforts to cut the sugar content and calorie counts of their products. As expected, the Scientific Adv
Read moreCMA supermarkets report "neutral for retailers" says ShoreCap
16th Jul 2015 12:15
(ShareCast News) - Supermarkets do not have much to fear from the UK competition regulator's report on pricing practices, according to analyst Clive Black at Shore Capital. The Competition and Markets Authority (CMA) was moved to examine the industry after a 'cuper-complaint' from Which?, the consum
Read moreSupermarket promotions face overhaul after CMA competition probe
16th Jul 2015 08:47
(ShareCast News) - UK supermarkets are to be hit by a range of new rules to try and end "confusing and misleading promotions", after an investigation found some deals had even broken the law. The Competition and Markets Authority (CMA), in response to a 'super-complaint' by Which?, the UK consume
Read moreLondon open: Miners pace gains as Shanghai stocks bounce
9th Jul 2015 08:46
Miners led the top flight index higher thanks to an overnight bounce in Chinese equities, and as traders awaited fresh reform proposals out of Athens, due by midnight. As of 0836 BST the FTSE 100 was higher by 42.18 points to reach 6,532.06, while the Shanghai Stock Exchange's composite index closed
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