Tesco ups profit targets after strong first half
3rd Oct 2024 07:08
(Sharecast News) - Tesco has lifted its annual profit guidance despite a slight underlying slowdown in the second quarter, as growth remained resilient across its main retail operations.
Read moreUK grocers in a "good place" as retail sales pick up, says Shore Capital
20th Sep 2024 09:04
(Sharecast News) - Shore Capital says UK retailers have a reason to be "quite cheerful" after August's strong retail sales data on Friday, with listed supermarket companies likely to benefit from improving macro conditions.
Read moreLondon close: Stocks slip ahead of much-awaited Fed decision
18th Sep 2024 15:03
(Sharecast News) - London's stock markets closed lower on Wednesday, as investors digested the latest UK inflation figures and looked ahead to the US Federal Reserve's policy announcement later in the day.
Read moreCiti lifts Tesco forecasts as market share continues to rise
13th Sep 2024 07:39
(Sharecast News) - Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.
Read moreTesco loses legal case against 'fire and rehire' tactics for factory staff
12th Sep 2024 12:17
(Sharecast News) - Shop workers union Usdaw has won its appeal in a Supreme Court battle against Tesco over its so-called 'fire and rehire' approach to cutting staff pay, bringing a three-year legal saga to an end.
Read moreLondon close: Stocks finish positive ahead of key inflation data
13th Aug 2024 14:51
(Sharecast News) - London stocks closed higher on Tuesday, as investors digested the latest UK jobs data and anticipated upcoming inflation reports from both the UK and the US.
Read moreGrocery price inflation rises for first time since March 2023
13th Aug 2024 11:17
(Sharecast News) - Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday.
Read moreDrivers pay £1.6bn too much in weak petrol market - CMA
26th Jul 2024 07:16
(Sharecast News) - The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1.6bn more than they should have in 2023.
Read moreEuros see supermarket sales grow despite poor weather
16th Jul 2024 11:40
(Sharecast News) - Take-home sales at supermarkets rose by 2.2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
Read moreSunday share tips: Tesco
23rd Jun 2024 12:25
(Sharecast News) - The Financial Mail on Sunday's Midas column told readers who'd invested in Tesco to "hold tight", pointing to the company's economies scale and all the benefits those generated for shareholders.
Read moreWet weather sees slowdown in grocery sales
18th Jun 2024 09:42
(Sharecast News) - Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1.0% over the four weeks to 9 June.
Read moreLondon close: Stocks fall amid French political concerns
14th Jun 2024 15:36
(Sharecast News) - London stocks were still in the red by the close on Friday, mirroring a broader European selloff driven by political uncertainty in France.
Read moreTesco holds guidance as Q1 sales rise, market share gained
14th Jun 2024 07:03
(Sharecast News) - British supermarket chain Tesco on Friday held annual guidance after reporting a 4.6% jump in UK first-quarter sales, but the £10m pay packet for company boss Ken Murphy was the only number in focus.
Read moreShort-lived sunny spell helps boost UK supermarkets
31st May 2024 09:35
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.
Read moreLondon close: Stocks mixed as ex-divs drag on FTSE
16th May 2024 16:53
(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.
Read more