UK supermarkets given a lift by upbeat Deutsche Bank note.Britains supermarkets were given a lift as Deutsche Bank put out a reassuring note on the future of the sector.The major food retailers were hit this week after internet giant Amazon started cutting prices at its newly acquired grocery group Whole Foods.Many investors fear for the future of the food retailers as tech behemoths start to turn their attention to the sector.There is concern that supermarkets could suffer the same fate as many other high street stores, which have struggled to adapt their businesses and lower their prices to compete against online rivals.Many investors fear for the future of the food retailers as tech behemoths start to turn their attention to the sector.Yesterday, Deutsche said that while the threat of online grocery retail was a challenge, it is not terminal.Company In India Software Topshop CouponCompany In India Software Topshop PromoAnalysts at the bank reckon online grocery sales will peak in the next five years with a total market share of around 8 per cent.Rather than doing one main weekly food shop, consumers increasingly do several smaller convenience shops throughout the week.Research has found shoppers tend to only go online for their main grocery shop.Deutsche said supermarket stores also had cost advantages over online sellers, which must rent huge warehouse spaces and absorb the costs of distribution and delivery.The bank has a sell rating on Ocado down 1.Tesco up 1. 2 per cent,or 2.UBS yesterday also raised its target price for Tesco by 2.Elsewhere, Sainsburys edged up 0.FTSE 1. 00 nudged up 0.It was a big day for Micro Focus, which completed its audacious reverse takeover of Hewlett Packard Enterprises software business.The move puts Micro Focus on course to become the UKs biggest tech firm.Company In India Software Topshop' title='Company In India Software Topshop' />Laith Khalaf, senior analyst at Hargreaves Lansdown, said Prey has turned predator as, for once, a UK company looks overseas in an audacious takeover.Micro Focus has form when it comes to buying up legacy businesses and the management team will now be looking to improve efficiency and margins.Chief executive Chris Hsu said the reverse takeover, where a smaller company buys a bigger one, was a significant milestone for the group, which saw its market value climb top almost 1.US investors. Shares were worth 2.In the second reverse takeover of the day engineering group Avingtrans completed its takeover of Hayward Tyler Group.The Aim listed manufacturer said its newly increased scale would help it make inroads into the nuclear energy market in China.Shares fell by 0.Shea Butter The Path To Natural Healthy Skin Body Butters, Handmade Soaps, Lotions, Shampoo and more.The Texarkana Gazette is the premier source for local news and sports in Texarkana and the surrounding Arklatex areas.You have not yet voted on this site If you have already visited the site, please help us classify the good from the bad by voting on this site. Bradford S Crossword Solver S Dictionary Latest Edition Roberts . Foreign exchange rates and a strong gold price helped boost trading at Ramsdens Holdings.STOCK WATCH CLEAN energy company ITM Power surged after revealing plans for the first hydrogen bus route in France.Eight buses fuelled by hydrogen will run in the French town of Pau from September 2.The vehicles, which can be recharged in 1.Earlier this week Investec raised its target price for ITM by 1.Shares rose 1. 6.The financial services provider and pawnbroker said it expects pre tax profit this year to be significantly ahead of market expectations, and analysts at Liberum raised their target price for the stock by 2.Ramsdens chief executive Peter Kenyon said the firm had seen strong trading across all of its divisions and would provide a further update in November.Shares rocketed 1.Tech group Stadium climbed after it bought industrial power supply business Power.Pax for 2. 8m. Berkshire based Power Pax, which recorded sales of 3.Stadiums fifth tech acquisition in as many years.Stadium shares advanced 5.
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