|Bid||197.70 x 0|
|Ask||197.80 x 0|
|Day's range||196.60 - 199.55|
|52-week range||176.90 - 252.70|
|Beta (3Y monthly)||0.36|
|PE ratio (TTM)||15.42|
|Earnings date||12 Sep 2019|
|Forward dividend & yield||0.07 (3.36%)|
|1y target est||251.79|
British supermarket group Sainsbury's has struck a deal to sell packaged groceries and household products in Australia as it seeks to grow its wholesale business, it said on Monday. Sainsbury's said it has agreed a wholesale partnership with Australian retailer Coles. The UK firm's biggest wholesale deal yet will see it supply own brand products to Coles supermarkets across Australia, as well as online, from early next year.
Asda on Friday gave shop floor workers more time to sign new employment contracts or face dismissal in a bitter dispute over changes intended by the British supermarket group to boost productivity. As the Saturday deadline for signing approached, Asda said the workers would have a seven-day "cooling off period" to change their minds before losing their jobs. Chief Executive Roger Burnley wrote to staff, saying almost 120,000 employees had signed up to the more flexible contract and fewer than 1,000 had not.
Tesco will next week become the first major British supermarket group to offer a subscription customer loyalty scheme, the latest weapon in its fight to stem the market share gains of German-owned discounters. Along with other leading UK grocers Sainsbury's, Asda (part of Walmart) and Morrisons, Tesco has been losing share to Aldi and Lidl, who have been aggressively opening new stores. The big four have been fighting back with initiatives that aim to differentiate their offers versus the discounters, and Tesco, Britain's biggest retailer, said on Tuesday it would launch an enhanced version of its Clubcard scheme from Nov. 8.
British supermarket group Asda said shop floor workers have just over two weeks to sign-up to new employment contracts, first proposed in April, or face losing their jobs. Of Britain's big four grocers - market leader Tesco , Sainsbury's, Asda and Morrisons -Walmart owned Asda is the last to implement more flexible working contracts as it seeks productivity improvements in a brutally competitive market. Asda's new standardised contracts increase the base rate of pay for over 100,000 retail workers to 9 pounds ($11.58) per hour, plus premiums, while maintaining benefits including an annual bonus, share save scheme and staff discount.
* Q3 retail sales growth slows to 3.1% from Q2 3.6% * Spending rising at weakest pace since Q2 2016 * Department stores report biggest fall in sales since 2009 (Adds reaction) By David Milliken and Jonathan Cable LONDON, Oct 17 (Reuters) - British shoppers grew more cautious about their spending in the three months to September despite rising wages, official figures showed on Thursday, raising concerns about the health of the economy in the run-up to Brexit. Consumer spending has been the biggest driver of British economic growth since June 2016's referendum to leave the European Union, but there have been increasing signs that this is starting to soften. Looking at the third quarter as a whole, which strips out monthly volatility, quarterly sales growth held steady at 0.6% while the annual pace of expansion dropped to 3.1% from 3.6% in the second quarter, the weakest since the late 2018.
German-owned discount supermarket Lidl GB has vowed to spend 15 billion pounds ($19 billion) with British suppliers over the next five years, commiting to increase sales of local meat, poultry and fresh produce. Lidl and rival Aldi have changed the shape of the UK grocery sector, stealing market share from industry leader Tesco, Sainsbury's, Asda and Morrisons by offering cut-throat prices in no-frills stores. To deepen its relations with British suppliers, Lidl, part of the Schwarz retail group, said it would introduce longer-term contracts with suppliers to help them invest and expand.
* Brexit concerns have not translated into purchasing * Quarter of UK consumers considering stockpiling * UK grocery sales up 1.3% in 12 weeks to Oct. 6 * Sainsbury's only one of big four to see growth * Aldi and Lidl's combined market share now 14.1% (Adds detail) LONDON, Oct 15 (Reuters) - British consumers have not yet stockpiled groceries ahead of Brexit though they are considering doing so, market researcher Kantar said on Tuesday. It said a quarter of UK shoppers say they are thinking about stockpiling, but they seem to be waiting to see how the coming weeks play out.
British retailers endured their worst September since at least the mid-1990s as people spent money on entertainment instead, according to surveys that painted a muted picture of household demand ahead of Brexit. In a potential warning sign for consumer spending, which has helped the economy in the run-up to Brexit, the British Retail Consortium said total retail sales values declined 1.3% in September compared with the same month last year. A separate survey published on Monday by payment card company Barclaycard showed broader consumer spending -- which includes retail sales -- rose by a "modest" 1.6% in annual terms in September.
I think these two FTSE 100 (INDEXFTSE:UKX) stocks appear to offer wide margins of safety that could lead to improving prospects over the long run.
Retailer Next has made a "disappointing" start to autumn trading which it said was down to unusually warm weather in parts of Britain, rather than shoppers holding back on buying new clothes due to uncertainty over Brexit. While it did not give figures, Next said "the warm start to September has done much more to hinder sales than the political temperature" and it has not seen any evidence that shoppers are holding back on small ticket price items due to Britain's planned exit from the European Union next month. UK retailers, including supermarkets Asda and Morrisons and home improvement group Kingfisher, have said uncertainty around Brexit was affecting their customers.
The discounter has gained 618,000 more shoppers in the past year, while the biggest supermarket chains are losing customers.
* No evidence consumers building up stocks * Sainsbury's shows smallest sales decline of big four * Discounters Aldi and Lidl win market share from big four (Recasts with Kantar comments) LONDON, Sept 17 (Reuters) - There is no evidence that Britons worried about the possibility of a disorderly departure from the European Union on Oct. 31 are stockpiling essential products, market researcher Kantar said on Tuesday. "As we move closer to 31 October, it seems talk about stockpiling might be just that, because we’re not seeing any evidence of it at the moment," Kantar said. Kantar's data showed Sainsbury's recorded the smallest sales decline of Britain's big four supermarket groups in the latest 12-week period, indicating a tentative recovery after a prolonged period of underperformance.
British online supermarket Ocado could start home deliveries of the full Marks & Spencer range before next September, ahead of their joint venture's original deadline, it said on Tuesday. Ocado and M&S completed the 1.5 billion pound ($1.9 billion) joint venture deal in August, creating Ocado Retail and signalling the end of Ocado's supply contract with upmarket supermarket chain Waitrose in September 2020. "There is a chance we might bring forward, at least partially bring forward, that transition date," Ocado finance chief Duncan Tatton-Brown told reporters.
Morrison Supermarkets (LON:MRW) is a large cap in the Food amp;amp; Drug Retailing industry. Alongside its supermarket operations, Morrison also has food manu8230;
German discount supermarket group Aldi plans to pump 1 billion pounds ($1.25 billion) into Britain, chasing market share at the expense of profit, which dropped by 26% last year as it pursued sales growth, store openings and new customers. Britain's fifth biggest supermarket, which is privately owned by Germany's Aldi Sud, signalled no let-up for its larger rivals as it reaffirmed a commitment to investing in the UK, despite a low price pledge denting its 2018 profit. Aldi UK, which trades from about 840 stores and has a grocery market share of 8.1%, said sales increased 11% in 2018 and it gained 800,000 new customers.
* Euro zone stocks hit highest since July 25 after ECB rate cut, restarts QE * STOXXE benchmark now up 0.6% * Euro zone banks fall 0.3% as tiering euphoria fades * Morrison up on results, AB Inbev gains on unit IPO plan * European stocks also boosted briefly by positive report on U.S.-China trade Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://email@example.com ECB ROUND-UP: LOWER FOR LONGER, OR EVER?
* Euro zone stocks hit highest since July 25 after ECB rate cut, restarts QE * STOXXE benchmark now up 0.4% * Euro zone banks fall 0.2% as tiering euphoria fades * Morrison up on results, AB Inbev gains on unit IPO plan * European stocks also boosted briefly by positive report on U.S.-China trade Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org WHY ITALIAN BANKS ARE OUTPERFORMING: IT'S THE SPREAD BABY! (1514 GMT) Italian banks are once again moving out of synch compared to their European peers which are having a rollercoaster session as the market digests measures to help the sector to limit the damage from negative interest rates.