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
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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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
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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
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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
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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”.
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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
Shore Capital chops Sainsbury's rating to ‘sell’ from ‘hold’ as Asda merger looks set to exit the dance-floor
ShoreCap analyst Clive Black said: “There is more water to potentially flow under the bridge on this one, but expect considerable interest in songs sung by Ginger Rodgers today.”
Nasdaq finishes eighth winning session in wake of Fed's release of minutes
The Federal Reserve's minutes suggest US central bankers will be patient about interest rate rises
LATE MOVERS: HSBC shares sink on weaker-than-expected earnings and gloomy outlook
Also on the move were Walmart, PG&E Corporation, Weight Watchers International and Freeport-McMoRan
Walmart-owned Asda sees Q4 sales growth slow as Sainsbury's merger decision looms
The food retailer reported a 1.0% increase in like-for-like sales excluding petrol in the fourth quarter of 2018, below the 2% increase reported in its third quarter
Investments and investor services
MIDDAY MOVERS: Walmart shares climb as holiday quarter numbers impress market but Transocean sinks
Also in play in are Advance Auto Parts Inc, PG&E Corporation and CenturyLink Inc
US stocks gain slightly, helped by Walmart and Wynn Resorts
China is currently the top priority for the Trump trade team, as the administration has given Beijing a March 1 deadline to commit to concrete, broad economic changes
Village Farms is a growth story for the cannabis age (Part 2)
The second of two parts on the Canada-based hydroponic grower's transition from tomatoes, peppers and cucumbers to cannabis
Berenberg ups Morrisons rating to ‘buy’ from ‘hold’, sees as beneficiary of Sainsbury's/Asda merger
The German bank's analysts argued that the £7.3bn merger deal, announced last April, would materially improve the investment case the most for Morrisons
Charlotte’s Web spins a tale of growth in the hemp-based CBD space
What sets Charlotte’s Web apart from other hemp-based CBD companies is brand recognition, customer loyalty, and a growing distribution network
LATE MOVERS: Walmart is Dow's worst performer after unveiling bonuses for good attendance
Investors didn't applaud the retailer's move to give bonuses to employees who come to work routinely
Hardware & electrical equipment
ROBO Global says smart factories with robots, automation will flourish in 2019
The ROBO Global Robotics & Automation Index captures the investment opportunity in robotics, automation and artificial intelligence
Late Movers: Ford rises in extended trading after beating Street on revenue
Also in play in New York trading are Synchrony Financial and Procter & Gamble
Investments and investor services
Late Movers: Salesforce.com Inc rallies after announcing plans to add 1,500 jobs in Ireland
Also moving were Caterpillar and Boeing, as well as Tesla and Eli Lilly
Does Sainsbury's need Asda more than Asda needs Sainsbury's?
“The big question now is what will happen to Sainsbury’s if it doesn’t merge with Asda,” said Russ Mould, investment director at AJ Bell
Sainsbury's sales fall over key Christmas trading period amid tough competition
"Retail markets are highly competitive and very promotional and the consumer outlook continues to be uncertain," said Sainsbury's boss Mike Coupe.
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FTSE 100 closes higher as traders optimistic on China/US talks breakthrough
The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
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Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
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'Big Four' supermarket sweep set to kick off with Christmas trading news from Wm Morrison
The update comes after Bradford-based Morrisons on Monday said it would cut an average of 20% from the prices of 900 products, including “store cupboard favourites”
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Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Investments and investor services
EARLY MOVERS: Restoration Hardware shares shine as it raises revenue guidance: Toll Brothers slide
Also in the frame before the New York bell are Smartsheet Inc, Toll Brothers, Dollar General Corp, Aphria Inc and Cronos Group Inc
Cyber Monday Roundup: Amazon, Best Buy and Walmart slash prices ahead of the holiday
Cyber Monday shoppers are expected to spend up to $7.8 billion
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Berkshire Hathaway’s 13-F filing reveals Warren Buffett added $4B stake in JPMorgan
Buffett’s company bought a new stake in JPMorgan and upped its investment in Apple
EARLY MOVERS: Cisco Systems surges as fiscal 1Q beats analyst expectations but PG&E takes another hit as California rage
Also in play before the New York bell is Netease Inc, the Brexit debate in the UK and JPMorgan
Blue Apron misses on revenue in 3Q, cuts workforce to reach profitability in 2019
The total number of subscribers to the meal kit delivery service slipped 25% to 64,600
UK's Big Four supermarkets lose further ground to Aldi and Lidl, Kantar data reveals
Aldi and Lidl have been taking market share from the four biggest supermarkets including Sainsbury's, Tesco, Morrisons and Asda
CryptoCann™ Report: Blockchain start-up ConsenSys looks to decentralize space; Walmart Canada begins selling vaporizers online
Walmart confirmed last month that it had done some research on carrying cannabis-related products
Walmart’s Jet.com to serve up Blue Apron’s meal kits
The e-commerce site will offer Blue Apron’s meal kits through its City Grocery Service to customers in areas of New York and New Jersey
Walmart-owned Asda to consult staff over loss of up to 2500 jobs
Asda said it believes the proposed changes it is consulting on would allow it to do a better job for its customers
EARLY MOVERS: Goldman Sachs, Morgan Stanley gain in 3Q thanks to strong deal-making; Walmart cuts profit outlook
Also in the frame was UnitedHealth Group Inc whose quarterly numbers impressed the market.
Walmart Canada looks into selling cannabis-based products, says Reuters
A company spokeswoman said the retail giant was looking into the idea, but had no immediate plans
CryptoCann™ Report: IBM brings blockchain to European supermarket chain; Detroit donut shop owner accused of illegal marijuana sales
IBM is partnering with European supermarket Carrefour to launch the IBM Food Trust, a blockchain-based food tracker
CryptoCann™ Report: AT&T to offer suite of blockchain solutions; WeedPass lets cannabis shoppers earn reward points
AT&T’s blockchain tech is designed to work with Microsoft’s Azure and IBM’s Blockchain platform
CryptoCann™ Report: Bitcoin added to Scrabble dictionary; Leafly ousts its CEO
Leafly, an online consumer guide to marijuana dispensaries, has ousted CEO Chris Jeffrey over concerns about his management
CryptoCann™ Report: Walmart to use blockchain to track leafy vegetables; Choom Holdings added to Horizons Marijuana ETF
The Horizons Marijuana Life Sciences ETF has welcomed Choom, a Canadian cannabis company with a Hawaiian twist
EasyJet declines following 'sell' rating
A look at some of the biggest risers and fallers in the London market on Tuesday
CryptoCann™ Report: Walmart files patent for blockchain delivery robots; NJ university to offer cannabis studies program
Stockton University in New Jersey will allow students to minor in medical marijuana starting this fall
Competition watchdog kicks off formal probe into merger of Walmart's Asda and Sainsbury's
The competition watchdog will begin a Phase 1 probe to assess how the deal could affect competition for customers
Major shareholder in Sainsbury's backs proposed Asda merger
Martin Walker, UK equities fund manager at Invesco Perpetual, is the first major investor to publicly back the proposed £12bn merger of Sainsbury's and Asda
Walmart-owned Asda sees second-quarter sales bounce-back as recovery continues ahead of Sainsbury's takeover
The UK food retailer said its underlying sales excluding fuel rose by 0.4% in its second quarter, but removing the impact of an earlier Easter which this year benefited the first quarter, sales were up 2.6%
EARLY MOVERS: Retailers in focus as Walmart jumps after latest quarter beats estimates but e-commerce group JD.com loses ground
Also trending in pre-market deals on Thursday are stocks Best Buy Co and Symantec
Hardware & electrical equipment
Fintech HighRadius is partnering with high-profile companies on its path to a possible IPO
The company has developed a credit-to-cash platform to simplify the accounts receivable process
Sainsbury unveils appointment of City grandee Martin Scicluna as non-executive chairman to succeed David Tyler
Scicluna, who is chairman of RSA Insurance PLC, will join as the food retailer's chairman-designate on 1 November 2018 and it anticipates that he will assume the role of chairman from the beginning of the new financial year in March 2019, o
Hardware & electrical equipment
Daily CryptoCann™ Report: Walmart files a patent for blockchain delivery system; Michigan approves new conditions for its medicinal marijuana program
The patent application describes a blockchain-based system of lockers for package pick-up
Asda CFO Alex Russo leaves for Wilko in wake of proposed Sainsbury's merger
Alex Russo, who has been Asda CFO for more than four years, will be replaced by Rob McWilliam, the former head of finance and consumables at Amazon UK
Investments and investor services
J Sainsbury will be in focus but few fireworks expected in London on Wednesday
Wednesday is US Independence Day, meanwhile, the hangover from England's big game may leave London welcoming a light diary.
UBS ups its target for Sainsbury's as it thinks risk-reward looks attractive with Asda incorporated
Repeating a ‘buy’ rating on the stock, the Swiss bank’s analysts hiked their target for the FTSE 100-listed stock to 400p from 325p, with the shares currently trading at 319.3p
Tesco-Carrefour tie-up a 'direct response' to Sainsbury's-Asda merger, analysts say
Supermarkets have been tackling rising competition from discounters Aldi and Lidl and the growing threat of Amazon
Archive
Housebuilders and retailers take centre stage as slew of firms release latest results
The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
Barclays Capital now assumes an 80% chance of success for the proposed Sainsbury's/Asda merger
As a result, the bank’s analysts have raised their rating for Sainsbury’s to ‘overweight’ from ‘equal-weight’ and increased their target price to 375p from 300p previously
Cinedigm shares surge following improved earnings results in its fourth quarter
The content distributor has deals with big-name retailers such as Walmart, Best Buy, Target and Amazon
Sainsbury-Asda merger may still get CMA approval despite opposition from MPs, analysts say
MPs have accused Sainsbury's and Asda bosses of "talking baloney" and quoting "Mickey Mouse figures" in response to questions about their proposed merger
Daily CryptoCann Report: Square adds Bitcoin capability; Italy struggling to meet demand for medical marijuana
Italians are turning to the black market to fill medical marijuana prescriptions as the military-run facility fails to meet demand
Sainsbury's-Asda merger raises competition concerns, CMA reveals
The UK Competition and Markets Authority has published a summary of views received from interested parties on the impact of the planned merger of Sainsbury's and Asda
Hardware & electrical equipment
Microsoft throws down big challenge to Amazon with checkout-free retail
The Redmond-based software giant has been talking to Walmart about using the tech, which will rival Amazon’s own Go initiative
BBQ weather, Royal wedding helped boost sales at UK food retailers in May, but Sainsbury's underperformed
In the 12 weeks to May 20, Kantar Worldpanel’s industry data showed Sainsbury’s posted sales growth of 1% in the period, well below the grocery market's growth of 2.7%
SoftBank selling entire Flipkart stake to Walmart
Masayoshi Son’s Vision Fund cashes out surprisingly quickly after making a speedy profit in Flipkart
Sainsbury's Asda merger faces hurdle after MPs criticise changes to staff pay
More than 100 MPs have signed a letter to Theresa May asking the prime minister to take action against Sainsbury's "unscrupulous contract changes"
CMA issues 'invitation to comment' on proposed merger of Sainsbury's and Asda
All interested parties have been asked to submit initial views on the impact the proposed merger of Sainsbury's and Asda could have on competition by June 4
Asda notches up fourth straight quarter of like-for-like sales growth ahead of Sainsbury’s merger
Excluding the impact of the long Easter weekend, Asda saw like-for-like sales rise 1%, an acceleration from the 0.5% rate of growth it enjoyed in the prior quarter
Walmart, J.C. Penny and Children's Place shares all tumble after earnings
Meanwhile, Dillard's shares jump on 1Q surprise and sales gains
US broker Bernstein ups target price for Sainsbury's for recent results which were overshadowed by proposed merger with Asda
The Bernstein analysts said: “The combination of the two, assuming the merger goes through, should warrant a 50% re-rating over time, not the 10% we have seen so far.”
Analysts give thumbs-down to Walmart's US$16bn Flipkart deal
The deal gives the big-box retailer access to India’s 1.3 billion-person economy, but some are skeptical
Walmart trounces Amazon in the $15bn battle for Flipkart
Flipkart’s board has approved the sale of a 75% stake to Walmart
FTSE 100 ends April at highest level in three months, led by Sainsbury's
Sainsbury's shares rose 29% in April on the back of news it had agreed to merge with Asda
Sainsbury's and Asda lose market share as sales trail behind 'big four' rivals, Kantar reveals
The data comes a day after Sainsbury’s and Asda reveal they had agreed to merge
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Rough start to the week for U.S. stocks, Dow closes more than 150 points lower
All major U.S. indices were down by Monday's closing bell, dragged lower by telecom stocks
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US stocks set to end April on a positive note, with slew of M&A news to keep traders busy on Merger Monday
A slew of merger news to keep the market busy today ....
Exane sees Morrison's as merger “consolation prize”, downgrades to ‘neutral’
The French broker said it thinks Morrison’s could face more competition if the big merger goes through, although it believes the firm “could be considered a consolation prize”
Sainsbury's-Asda tie-up makes economic sense but risks need considering, says HSBC
HSBC upgraded its rating on Sainsbury’s to ‘hold’ from ‘reduce’ and lifted its target price to 270p from 210p
Sainsbury-Asda: Five reasons why this £14bn mega-merger was inevitable
There are many reasons why a deal like this was somewhat inevitable
Sainsbury's annual profits fall as it integrates Argos but shares jump on Asda deal
Sainsbury's full year earnings were overshadowed by the group's £15bn merger with Asda
Sainsbury's confirms £15bn Asda merger and dismisses reports stores will close
Sainsbury’s expects its planned merger with Asda to generate £500mln in cost savings
FTSE 100 closes up, but off earlier highs, as Sainsbury-Asda merger news boosts supermarket takeover rumour mill
The pound reverses earlier losses against the euro as the spotlight remains on the Sainsbury-Asda merger
Sainsbury's and Walmart-owned Asda in talks to create UK's biggest supermarket group.
In a statement on Saturday, Sainsbury’s confirmed it is in advanced discussions regarding a combination with Asda and said a further announcement would be made on Monday
Amazon likely to dash past Walmart in the apparel wars, says Morgan Stanley
Analyst Brian Nowak says the ecommerce giant will be the king of the US apparel industry in 2018
Walmart, Target pull millions of eggs off shelves on salmonella concerns
Twenty-two illnesses attributed to the contaminated eggs have been reported so far
Amazon's potential bid may threaten Walmart's deal with Flipkart
The deal would give Walmart a stronger foothold in Asia's third-largest economy
Nasdaq plunges 193 points as US benchmarks close lower
A look at the US and Canadian markets as the day progresses.
Walmart pulls Cosmopolitan magazine from its check-out lines
Cosmo will be removed from the checkout lines at 5,000 Walmart stores after a non-profit group compared the magazine to Playboy
Walmart Inc takes on Amazon.com Inc as it unveils grocery delivery service across the US
The retailer is offering same-day three-hour delivery service and is targeting to reach more than 40% of US households by the end of the year
Solid Q2 from Costco, but investors need more convincing in wake of underwhelming Walmart and Target numbers
Shares are down slightly in pre-market, even though the grocery chain reported a jump in second-quarter sales and beat expectations on its earnings