What the analysts say
The verdict from global analysts on major company news
4 December 2013
The disappointing third-quarter top-line performance reported this morning (4 December) by Tesco has left analysts divided over the group's strategy. Tesco has cut capital expenditure on new stores and is instead investing in refurbishments and multichannel growth. Management has insisted the strategy will simply take time to deliver results. But, with the clock ticking, another set of weak numbers has raised questions over whether Tesco's investment focus will pay off. Here is the view from the City.
26 November 2013
Greencore this morning (26 November) revealed an increase in annual earnings and sales. The convenience food group said it enters its new financial year with "good momentum", despite operating in a "weak" consumer environment. Analysts offered a relatively optimistic review of the results.
14 November 2013
Ahold shares dropped today (14 Novermber) after the Netherlands-based retailer warned its domestic market share is coming under pressure. However, a number of positives also came out of the financial update, including the announcement of a EUR1bn payout to shareholders and news that the group will exit Slovakia. Here is what the markets had to say about Ahold's mixed third-quarter news.
13 November 2013
Sainsbury's shares rose today (13 November) after it reported improved half-year profits, its highest market share in a decade and upped its margin forecast for the year. It also increased its dividend. City analysts said Sainsbury's performance was strong.
1 October 2013
Shares in Unilever fell this morning (1 October) in reaction to the consumer goods giant issuing a sales warning for the third quarter - on the back of a slowdown in emerging markets. City analysts said it was a blow for Unilever. However, some were more concerned about the company's performance in developed markets - and insisted emerging markets, in the long term, still present potential for FMCG companies.
3 July 2013
UK online retailer Ocado saw its share price fall as the group reported a first-half loss despite increasing sales. CEO Tim Steiner said it had been an "extremely busy" first half of the year and said the company remains "well placed" to take advantage of the" accelerating structural changes in the industry". Analysts offered a mixed view of the results.
12 June 2013
Sainsbury's has booked another quarter of like-for-like sales gains - bucking the downward trends in the wider UK grocery market and outperforming its peers. However, LFL growth has slowed significantly and management has sounded a downbeat note on the consumer outlook. Here is the City's take on Sainsbury's first quarter results.
21 May 2013
Convenience food group Greencore this morning (21 May) booked an increase in first-half earnings but warned about "tough" UK market conditions for the remainder of the year. Analysts offered an overall positive view of the results, despite the cautious outlook by the group.
20 May 2013
UK pork group Cranswick this morning (20 April) booked an increase in adjusted annual earnings and in sales. Profits exceeded analysts' expectations. Overall, analysts offered a positive review of the results.
9 May 2013
Morrisons has seen sales continue to decline at a faster rate than its rivals in the first quarter of the year. However, the company has a number of initiatives in the pipeline - significantly its plans to launch online and expand in convenience - that are frequently cited as offering a longer term upside. Here is how the City responded to Morrisons revenue performance.
8 May 2013
In two separate announcements this morning (8 May), Belgian retailer Delhaize Group revealed its CEO Pierre-Olivier Beckers is to retire at the end of the year and that it had returned to profit in the first quarter. Analysts gave a mixed view of the announcements.
8 May 2013
The UK's third-largest grocer reported solid annual results today (8 May), a year in which profits grew and it gained market share. Analysts largely welcomed the results.
25 April 2013
Anglo-Dutch consumer goods giant Unilever this morning (25 April) saw its share price fall as weakness in its spreads division held back an otherwise "solid" first-quarter performance. The underlying sales increase came in below analyst forecasts who gave a relatively mixed view of the results.
23 April 2013
Beyond the continued growth of Associated British Foods' discount clothing chain Primark, the UK-based group's grocery business generally met expectations in the first half of the year.
23 April 2013
Premier Foods plc this morning (23 April) saw its share price climb as it revealed an increase in group sales in the first quarter. The Hovis maker said its cost savings plan was on-track and that it has the right strategies in place to make further progress this year. CEO Gavin Darby outlined three areas in the business where he felt complexities could be taken out. Here, analysts give their views on today's sales update.
18 April 2013
Nestle's sales slowed in the first quarter of the year amid weaker sales growth from its Asia, Oceania and Africa division. The performance of the world's largest food manufacturer in emerging markets has become a cause for concern among analysts.
17 April 2013
Tesco's shares slid 3.6% this morning (17 April) after the UK's largest retailer revealed a drop in annual profits and confirmed it will exit the US. The group did, however, sound an upbeat note on the performance of its domestic business, which saw sales increased by 1.8% and reiterated its commitment to becoming "the best multichannel retailer". Here, analysts give relatively positive opinions on today's trading update.
11 April 2013
The City's attention has been on Marks and Spencer's clothing business in recent months. The UK retailer's fourth-quarter trading update indicated the division performed better than expected, although problems remain. However, all the while, the upmarket grocer's food business powers along nicely.
19 March 2013
UK retailer Sainsbury's this morning (19 March) recorded an increase in like-for-like sales over the last ten weeks, helped by strong growth in online and convenience. Overall, analysts were upbeat about the figures that some believe have allowed the grocer to materially outperform its peers.
7 March 2013
Carrefour's shares climbed today after the French retailer's 2012 results, which included better-than-expected core profits and higher earnings in France. Analysts cautiously welcomed the numbers, although they argue more work needs to be done.