ANALYST VIEWS | DID SAINSBURY’S RESULTS DISAPPOINT? June 13, 2012 RICHARD HUNTER HARGREAVES LANSDOWNE Sainsbury’s rise in sales was steady but shy of expectations, with the shares reflecting a tinge of disappointment… The numbers were boosted by including the Jubilee weekend, unlike Tesco, and progress in clothing and online remained notably strong. CLIVE BLACK SHORE CAPITAL Sainsbury did continue to outperform the market and its [...]
Waitrose smashes Christmas sales records January 3, 2013 WAITROSE yesterday toasted record trading in the run-up to the New Year after the grocer said aggressive promotions on products such as champagne and its Brand Price Match campaign helped to lure customers from rivals. The upmarket supermarket, which is owned by John Lewis, said like-for-like sales rose 5.4 per cent between 18 December New [...]
Telecity pleases market with robust outlook February 13, 2013 DATA centre operator Telecity yesterday posted a 22 per cent rise in full-year earnings, meeting analyst expectations, and gave a confident outlook for 2013 underlined by robust demand. The British company bases its facilities in European cities like London, Amsterdam and Paris, where multiple Internet connections provide near failsafe services to retailers, banks, social media [...]
Sainsbury’s sizes up to Amazon with ebook platform purchase June 12, 2012 RETAIL giant Sainsbury’s yesterday took its first step into the ebook market, taking on the likes of Amazon and WH Smith with the purchase of a majority stake in digital books platform Anobii. The supermarket paid a nominal £1 for struggling music vendor HMV’s stake in the online books retailer and expects to hold a [...]
Sainsbury and M&S chiefs see bonus slashed June 7, 2012 SAINSBURY chief executive Justin King and Marks & Spencer boss Marc Bolland have both seen their bonuses cut after failing to meet targets, as the recession forced them to slash growth plans. The cuts come amid a recent wave of shareholder upheaval against excessive executive pay which has swept across boardrooms including Aviva and Inmarsat. [...]
Sainsbury’s profit climbs in tough UK market May 9, 2012 Supermarket giant J Sainsbury posted annual profit towards the top end of expectations as it lured cash-strapped shoppers to its cheaper own-brand ranges and tapped into growth areas like convenience stores and internet shopping. The group said profit before tax and one-off items rose 7 per cent to 712 million pounds in the year to [...]
Mothercare UK boss to exit in team reshuffle January 30, 2013 MOTHERCARE’S UK boss is to leave the baby products retailer as part of a management shake-up to stem falling sales at its troubled UK arm. The retailer said yesterday that Mike Logue, who moved to Mothercare from Asda in late 2011, is to step down next month after the role was made redundant. The restructure [...]
FTSE rally eludes UK grocery giants January 2, 2013 SUPERMARKET chains Morrisons and Sainsbury’s failed to make the most of UK investors’ New Year optimism yesterday after analysts raised fears that their performance had been less than stellar over the crucial Christmas trading period. Morrisons was one of just three fallers in the FTSE – closing down two per cent – after house broker [...]
Fallon’s threat to expose FTSE late payments January 7, 2013 BUSINESS minister Michael Fallon is set to name and shame FTSE chief executives who fail to sign their firms up to a prompt payment code designed to help small businesses get paid on time. Fallon wrote to every company in the FTSE 350 in November telling them that the Department for Business, Innovation and Skills [...]
Why Sainsbury’s is backing the Paralympics: Jat Sahota May 20, 2012 Q Sainsbury’s is the first-ever Paralympic Games only sponsor. Is this a breakthrough year for the Paralympics as an event? A Being the first standalone partner of the Paralympic Games is something we are extremely proud of. We have the ambition to make it the best Paralympic Games ever through driving awareness and engagement. We’re [...]