focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

BUZZ-Sainsbury and Tesco fall again on weak Kantar data

Wed, 27th Aug 2014 10:32

** Sainsbury and Tesco are among theworst-performing FTSE 100 stocks after data from KantarWorldpanel shows yet more weak sales for the country's topsupermarket retailers.

** The UK's top supermarkets have faced pressure fromlower-cost rivals such as Aldi and Lidl.

** Kantar Worldpanel says UK grocery market sales rose 0.8percent in the 12 weeks to August 17 - marking a 10-year recordlow.

** Sainsbury falls 2.1 percent while Tesco retreats by 0.8percent.

** However, WM Morrison rises 1.8 percent. Eventhough Kantar Worldpanel reports lower sales for Morrisons, someanalysts say the company may be turning a corner in terms of itsperformance.

** "Kantar suggests that sales fell 1.9 percent in the12-weeks to the 18th August, a big surprise to us, suggestingpotentially strong recent trade," writes Shore Capital analystClive Back, commenting on the WM Morrison figures.

** According to Thomson Reuters StarMine data, analysts haveon average cut their forecasts on Tesco by 1.7 percent over thelast 30 days.

** By comparison, forecasts have edged up by 0.4 percent onMorrisons over the same period. (RM://sudip.kargupta.thomsonreuters.com@reuters.net)

Related Shares

More News
21 May 2024 09:12

TOP NEWS: Food price inflation at lowest level since October 2021

(Alliance News) - Food price inflation fell for the fifteenth month in a row while sales ticked higher, figures on Tuesday showed.

21 May 2024 08:00

UK grocery price inflation falls to 2.4%, says Kantar

*Grocery inflation at lowest level since Oct 2021

17 May 2024 14:31

UK supermarket Asda's sales growth slows in latest quarter

LONDON, May 17 (Reuters) - Asda, Britain's third largest supermarket group, said on Friday its underlying sales rose 1.4% in the first quarter - a s...

16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

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

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.