Sainsbury's Share News (SBRY)

JPMorgan Cazenove cuts Tesco, Sainsbury's price targets

(Sharecast News) - Tesco and Sainsbury's were in the red on Friday after JPMorgan Cazenove cut its price targets on the shares, saying it remains cautious on the UK grocery space fundamentally, which based on its investor feedback "appears still to be a contrarian stance".

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Grim UK retail sales knock sterling and lift gilts

LONDON, Jan 19 (Reuters) - The pound sagged and UK government bond prices rose on Friday, after a shock drop in British consumer spending in December raised the risk of recession, putting a stop to the currency's recent gains.

UK retail sales slump points to new risk of recession

Retail sales slump 3.2% in December, biggest drop since Jan 2021

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Sainsbury's to gradually withdraw from banking

LONDON, Jan 18 (Reuters) - British supermarket Sainsbury's said on Thursday it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its core retail operations.

Sainsbury's completes Financial Services review, hires new Bank CEO

(Alliance News) - J Sainsbury PLC on Thursday said it has completed a strategic review of its Financial Services division and is exploring a number of options, while it has appointed a new chief executive officer for its Bank division.

LONDON BRIEFING: Flutter's US sales miss; Travis Perkins cuts jobs

(Alliance News) - Stocks in London are set to open flat on Thursday, following a sharp decline on Wednesday as investors pared back their bets on interest rate cuts.

Sainsbury announces shift away from banking activities

(Sharecast News) - Sainsbury has announced a "phased withdrawal" from its banking operations as it continues to pursue its so-called 'Food First' strategy.

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

UK supermarket Sainsbury's launches EV charging business

LONDON, Jan 12 (Reuters) - British supermarket group Sainsbury's has launched an electric vehicle (EV) charging business, targeting over 750 ultra-rapid charging bays in over 100 store car parks by the end of 2024.

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.

Tesco raises profit outlook again after strong Christmas sales

6 weeks to Jan 6 UK like-for-like sales up 6.8%

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Sterling gains vs dollar ahead of US inflation data

LONDON, Jan 11 (Reuters) - The British pound edged up against the dollar on Thursday ahead of U.S. data that could reinforce the expectation that the Federal Reserve will soon start cutting interest rates, thereby giving sterling a greater competitive edge.

LONDON BROKER RATINGS: BoA cuts Diageo; RBC likes Antofagasta

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: