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Sainsbury's to take top spot in company news diary on Wednesday
A trading update from the blue-chip supermarket will be delivered in the shadow of the collapse of its planned merger with Asda
Company
Walmart Inc
NYSE:WMT
Walmart Inc. is a technology-powered omni-channel retailer. The company provides the opportunity to shop in both retail stores and through e-commerce and to access its other service offerings. It offers an assortment of merchandise and services at everyday low prices (EDLP). It operates through three segments: Walmart U.S., Walmart International and Sam's Club.
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Asda's first quarter stumble ends seven-quarter run as Walmart eyes IPO
Earlier this week, parent company Walmart admitted it was “seriously considering” a public listing for Asda
Hardware & electrical equipment
Digimarc tops revenue estimates, teams up with Walmart
The software company posted $5.7 million in revenue, beating Street estimates of $5.4 million
Sainsbury's posts second straight quarter of underlying sales decline although full-year profit beats forecasts
The FTSE 100-listed firm said its underlying pre-tax profit rose by 7.8% to £635mln helped by synergies from the Argos general merchandise business it purchased in 2016
Sainsbury's badly lags rivals, adding to woes ahead of results
Latest supermarket sector figures showed growth for all big names except Sainsbury's
Sainsbury’s blocked merger with Asda could end up costing it over £1bn in charges and a battered share price
The FTSE 100 supermarket already booked £17mln in merger-related charges in its half year results in November, while its market cap has shed around £1.2bn since the day before the merger talks came to light last year
Sainsbury's needs Plan B to save the business after CMA rejects Asda merger, say analysts
Sainsbury's boss Mike Coupe faces the boot unless he can come up with another plan to turnaround the business, according to AJ Bell's Russ Mould
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Archive
Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
New Age Beverage inks deal with Walmart to sell Marley brand drinks in stores; shares jump
The brand includes Marley Mate caffeinated tea and Marley Cold Brew
Buds & Duds: Cannabis stocks inch lower as Valens shares soar after releasing Canadian post-legalization report
Also on the move were 1933 Industries Inc, New Age Beverages Corp, and Tilray Inc
Are tobacco and supermarket stocks not the “safe harbour” investments they once were?
Most safe harbour stocks have been confined to a select group of market sectors that include tobacco and food retailers, although enthusiasm seems to be waning for these once dependable stocks
Morrison's shares ease as Bernstein downgrades to ‘market-perform’ on valuation grounds
In a note to clients, Bernstein’s analysts pointed out that although it believes Morrison’s is "a great income stock", they see a fairer balance between risks and opportunities
Private equity bids surge as buyout firms exploit weaker valuations amid tough UK market
Struggles in a number of different sectors present takeover opportunities for private equity firms this year but investments in UK stocks are risky given the uncertainty surrounding Brexit
Sainsbury's and Asda suggest selling up to 150 supermarkets to get CMA approval
Sainsbury’s and Asda said the proposals “represent a unique opportunity for existing operators to add additional scale or for a new operator to obtain immediate scale”
Walmart's Asda and J Sainsbury vow to cut prices in UK by £1bn per year if merger approved
A series of proposed remedies have been made to allay UK competition watchdog’s concerns about the planned merger
Sainsbury's and Asda vow to cut prices by £1bn per year if CMA approves merger
"We have proposed a reasonable yet conservative remedy package and hope the CMA considers this so that we can deliver the cost savings for customers," Sainsbury's boss Mike Coupe said
Archive
Spring Statement to dominate on Wednesday amid fallout from Brexit deal vote
While major fiscal measures are not expected, the result of Tuesday's vote on Theresa May's Brexit deal could put the chancellor on the spot
Investments and investor services
FTSE 100 clings on to gains as rumours swirl of visit by Theresa May to the Last Chance saloon in Strasbourg
Straight from the horse's mouth? Not really. It was the deputy head of the Irish government, Simon Coveney, who confirmed that Theresa May will fly to Strasbourg this evening “to try to finalise an agreement, if that’s possible”.
Archive
Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen