FTSE 100 reaches new closing high with supermarkets in support
London's top tier index reached a new record high on Tuesday, led by supermarket shares
Company
J Sainsbury PLC
LON:SBRY
J Sainsbury PLC is a United Kingdom-based company principally engaged in grocery and related retailing, and financial services.
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Wm Morrison set to start Christmas trading supermarket sweep
Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
FTSE 100 closes in red as Wall Street comes off recent highs
London's top tier index closed down nearly 28 points at 7,696
Archive
Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Aldi's 2017 sales top £10bn for the first time after record Christmas
Aldi plans to continue its expansion in the UK after opening 76 stores last year
Christmas trading at Sainsbury's and Morrisons could disappoint, says Deutsche Bank
Deutsche Bank said it thinks it’s best to sit on the sidelines with Morrisons and Sainsbury's, as it repeated a 'hold' rating and cut its target price on both stocks
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
FTSE 100 and FTSE 250 set new record highs on first trading day after Christmas
For the 29th year in the past 34, the blue chips have closed up on the first trading day after Christmas...
Sainsbury is fair value at the moment, says Kepler Cheuvreux
Margins in the core Sainsbury’s business should stabilise shortly, but Kepler still has concerns over Argos given the weak UK consumer market
Surprise trading update is just the job for Robert Walters
The trading update was short and sweet. Liberum responded by increasing its target price.
Grocers bagged as Goldman Sachs ups ratings for Tesco and Wm Morrison's
The US investment bank upped its stance for Tesco to ‘buy’ from ‘sell’, while boosting its price target from 155p to 220p (current price 201p)
Investments and investor services
FTSE 100 closes in red as big miners weigh
FTSE 100 closed around 11 points down, while the FTSE 250 dropped almost 65 points
The Co-op lands supply contract with Costcutter as supermarkets respond to P&H collapse
Supermarkets have kicked off contingency plans to stock their shelves after P&H, which delivers food, drink and cigarettes, went into administration
Cyber Monday: Amazon, BT and Argos among big brands to slash prices
Amazon is holding so-called ‘Lightening Deals’ while BT is offering discounts on broadband packages
Just Eat set to be promoted to FTSE 100 just three years after listing, but Merlin looks set to get the boot
Just Eat has seen its share price more than treble to 820p over the past three years, as it continues to deliver impressive order, revenue and user growth
FTSE 100 closes higher as pound firms; Shire top riser
The latest ONS data showed that retail sales grew 0.3% in October - ahead of the 0.1% economists had expected - which has boosted the blue chip retailers
Nisa members narrowly approve £143mln takeover by Co-op
The deal was backed by 75.8% of Nisa’s members at a meeting in Leeds
J Sainsbury more at risk than peers from downturn in UK economy, reckons Jefferies
Jefferies said the headline first half numbers were slightly ahead of consensus...
Sainsbury's on the back foot as it lowers interim dividend and posts profit decline
Sainsbury expects to deliver at least £500mln in cost savings over three years from fiscal year 2018/19
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...