|Bid||232.00 x 215000|
|Ask||238.00 x 175000|
|Day's Range||233.90 - 237.90|
|52 Week Range||175.20 - 266.80|
|PE Ratio (TTM)||15.99|
|Forward Dividend & Yield||0.03 (1.28%)|
|1y Target Est||N/A|
Grocery sales grew 3.8 percent in the latest 12-week period, boosted by demand for alcohol, soft drinks and ice cream in a record-breaking hot summer, as supermarkets brace for a push into the discount sector by market leader Tesco. While the country's four biggest supermarkets benefited from the warm weather spending spree, they all lost market share to discounters Aldi and Lidl, whose sales growth was 13.9 percent and 8.3 percent respectively, industry data showed. After a decade of losing market share to the fast-growing discounters, Britain's no.1 supermarket Tesco will on Wednesday take the fight directly to them with the opening of its own discount format, reported to be called "Jack's".
Supermarket group Morrisons (MRW.L) posted its best quarterly sales performance in nine years on Thursday and said it would grow whether or not Britain secures a European Union exit deal. Many business chiefs fear the world's fifth largest economy could end up with a "no-deal" Brexit that they say would clog up trade, but Britain's fourth largest supermarket group believes it is better placed than most to cope. In its second quarter, group underlying sales at Morrisons rose by 6.3 percent, an eleventh straight quarter of growth, boosted by Britain's record-breaking summer heatwave, the soccer World Cup and the Royal Wedding.
Tesco, Britain's biggest supermarket group, is set to launch a new discount format next week, taking the fight directly to German discounters Aldi [ALDIEI.UL] and Lidl who have been winning market share for a decade. Tesco on Tuesday invited reporters to join Chief Executive Dave Lewis at its site at Chatteris in Cambridgeshire, eastern England, on Sept. 19. "We will be sharing some exciting news," Tesco said in a statement without elaborating.
Asda will next month abandon a scheme which refunds shoppers the difference if the goods they purchase are more expensive than in rival supermarkets, following other chains that have scrapped similar programmes. Asda, the British supermarket arm of Walmart (WMT.N) that has agreed to a takeover by bigger rival Sainsbury's (SBRY.L), said the scheme was no longer relevant and it would instead invest directly in lowering prices. Its move follows market leader Tesco's (TSCO.L) decision in June to scrap its "Brand Guarantee" scheme.
Britain's biggest retailer Tesco has beefed-up its dealmaking expertise with the appointment of a former Bain Capital and Goldman Sachs executive to its board. The supermarket group, which bought wholesaler Booker for nearly 4 billion pounds ($5.1 billion) in February, said on Tuesday Melissa Bethell would join as a non-executive director on Sept. 24. Bethell is currently a partner at Atairos, an investment fund backed by Comcast NBC Universal, and a director of Exor, a listed holding company for the Agnelli family.
French retailer Auchan said on Friday that costs from its three-year restructuring plan to boost sales and profits weighed on its first-half results, driving core profit down by more than a fifth. Unlisted Auchan Retail however said stabilising sales in its core French market, a purchasing alliance with retailers Casino , Metro and Dia and a recent deal with Alibaba in China gave it confidence in its future prospects.
I am writing today to help inform people who are new to the stock market and want to learn about the link between company’s fundamentals and stock market performance. TescoRead More...
The move by Sainsbury's, Britain's second-largest supermarket player, for third-placed Asda, would see the merged company overtake current market leader Tesco (TSCO.L) and be better placed to fend off fast growing German discounters Aldi and Lidl as well as online giant Amazon (AMZN.O). The combined group is seeking 350 million pounds of savings when buying from suppliers.
Sainsbury's, Britain's second largest supermarket group which has agreed to buy smaller rival Asda, was again the worst performer of the country's big four grocers in the latest 12-week period, industry data showed on Tuesday. In April Sainsbury's agreed a 7.3 billion pounds ($9.3 billion) cash and shares takeover of Walmart-owned Asda, the No. 3 player - a combination that could overtake Tesco as Britain's biggest supermarket group. Sales at Sainsbury's rose 1.2 percent in the 12 weeks to Aug. 12, market researcher Kantar Worldpanel said.
* Sainsbury's sales up 1.2 pct in latest 12-week period * Lags growth of 2.6 pct at takeover target Asda * Sainsbury's agreed 7.3 bln stg purchase of Asda in April (Adds details, analyst comment, shares) LONDON, Aug 21 (Reuters) - Sainsbury's, Britain's second largest supermarket group which has agreed to buy smaller rival Asda, was again the worst performer of the country's big four grocers in the latest 12-week period, industry data showed on Tuesday. In April Sainsbury's agreed a 7.3 billion pounds ($9.3 billion) cash and shares takeover of Walmart-owned Asda, the No. 3 player - a combination that could overtake Tesco as Britain's biggest supermarket group. Sales at Sainsbury's rose 1.2 percent in the 12 weeks to Aug. 12, market researcher Kantar Worldpanel said.
After Tesco PLC’s (LON:TSCO) earnings announcement in February 2018, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 29.23% next year against the past 5-year average growthRead More...
German-owned discount supermarket Aldi Inc [ALDIEI.UL] is rolling out scores of new products in the United States, it said on Thursday, in an aggressive push to expand in the country even as rivals are struggling in a drawn-out price war. Aldi, the world's No. 5 retailer owned by Aldi Sud, embarked on a $5 billion plan last year to remodel and expand its U.S. chain to 2,500 by the end of 2022 from 1,600 in June 2017. A fifth of all products in Aldi stores will be new by early 2019, the company said, adding that it had targeted popular categories including easy-to-prepare food and fresh, organic produce and meat.
The latest earnings announcement Tesco PLC (LON:TSCO) released in February 2018 showed that the company experienced a significant tailwind, more than doubling its earnings from the prior year. Today IRead More...
PARIS (Reuters) - Supermarket retailers Carrefour (CARR.PA) and Tesco (TSCO.L) said on Monday that they expected their previously-announced purchasing alliance to become operational in October. The companies ...
Former Tesco (TSCO.L) finance director Carl Rogberg will not stand trial with two of his former colleagues in September, Britain's Serious Fraud Office said on Monday. "Today His Honour Judge Sir John Royce severed Carl Rogberg from the upcoming trial indictment," the SFO said in a statement to media, which are barred under English law from reporting the reason why Rogberg will not stand trial in September. Two of Rogberg's one-time colleagues at Tesco, UK managing director Christopher Bush and food commercial director John Scouler, neither of whom still work for the supermarket, face a retrial starting on Sept. 3 after the first trial was called off shortly before the jury was due to consider its verdict.
Using data about its customers' shopping habits, Target homed in on shoppers who likely had allergies and showed them ads for Dyson's cordless V6 vacuum on social media and Target's website. Data about real people and real behaviours “actually get a much stronger result because the fidelity of that data is so much richer," said Kristi Argyilan, Target's senior vice president of media and guest engagement. Retailers ranging from Target and Walmart Inc (WMT.N) to grocers such as Tesco Plc (TSCO.L) are working aggressively to attract big advertisers to their websites in a bid to drive sales, according to interviews with retailers, packaged goods makers, consumer data firms and marketing consultants.
Asda, the British supermarket arm of Walmart, recorded its strongest sales growth in more than five years over the last quarter, while Sainsbury's, which has agreed to buy its smaller rival, was the laggard, industry data showed on Tuesday. Sainsbury's, Britain's second largest supermarket group, sealed a £7.3 billion takeover of Asda, the number three, in April, a combination that will overtake Tesco as Britain's biggest grocery chain.
* Asda sales up 3.7 pct in 12 weeks to July 15 - Kantar Worldpanel * Sainsbury's sales up 0.8 pct * Sainsbury's agreed 7.3 bln stg deal to buy Asda in April * Sainsbury's shares down 0.4 pct (Adds details of Kantar commentary, updates shares) By James Davey LONDON, July 24 (Reuters) - Asda, the British supermarket arm of Walmart, recorded its strongest sales growth in more than five years over the last quarter, while Sainsbury's , which has agreed to buy its smaller rival, was the laggard, industry data showed on Tuesday. Sainsbury's, Britain's second largest supermarket group, sealed a 7.3 billion pound ($9.6 billion) takeover of Asda, the number three, in April, a combination that will overtake Tesco as Britain's biggest grocery chain.
The following are the top stories on the business pages of British newspapers. Mike Manley, at present the boss of Jeep and hitherto little known outside of the automotive sector, has been appointed chief executive of Fiat Chrysler, after the abrupt retirement of Sergio Marchionne, the much-feted industry leader, owing to ill-health. The chief executive of Airbus has opened the door to a merger of the aerospace giant's jet fighter business with that of BAE Systems Plc to create a pan-European military aircraft company with the might to take on America.
Companies in Britain must strive to rein in excessive executive pay, pay more heed to staff and make boards more diverse under a new "short and sharper" corporate code, published on Monday. The Financial Reporting Council (FRC) has updated its non-binding 26-year old code of corporate standards for publicly listed companies, which must comply with it or explain in annual reports to shareholders if they do not. The new 15-page code, about half the length of the current version, comes as the watchdog, which oversees company governance standards and accountants, faces a review to see if it can uphold high corporate standards to maintain Britain's attractions as a place to invest after Brexit.
France's antitrust authority said on Monday it will investigate the potential impact of several purchasing alliances recently sealed by French and European supermarket retailers. The probe on that last alliance was also widened to include the tie-up between Carrefour and Tesco (TSCO.L). The probes will assess "the competitive impact of these purchasing alliances on the markets concerned for suppliers and for consumers," the statement said.
Sainsbury's (SBRY.L), the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday. Scicluna already chairs insurance group RSA (RSA.L) and property company Great Portland Estates (GPOR.L). Sainsbury's, Britain's second biggest supermarket, announced a 7.3 billion pound deal to buy Walmart-owned (WMT.N) Asda in April, a tie-up which could put it ahead of market leader Tesco (TSCO.L) in grocery sales.