Sainsbury’s shifts focus to non-food May 11, 2011 SAINSBURY’S yesterday said 40 per cent of its sales would be “non-food” by 2020 as it increasingly relies on clothing and other products for growth. The supermarket chain is in the middle of huge expansion with clothing and general merchandise being given more space. Sainsbury’s reported a 12.8 per cent jump in annual pre-tax profits [...]
Sainsbury’s shifts focus to non-food May 11, 2011 SAINSBURY’S yesterday said 40 per cent of its sales would be “non-food” by 2020 as it increasingly relies on clothing and other products for growth. The supermarket chain is in the middle of huge expansion with clothing and general merchandise being given more space. Sainsbury’s reported a 12.8 per cent jump in annual pre-tax profits [...]
ANALYST VIEWS: IS THE GROWTH SEEN AT SAINSBURY’S SUSTAINABLE? May 11, 2011 RICHARD HUNTER | HARGREAVES LANSDOWN Sainsbury is positioning itself for further growth, especially in the areas of convenience stores, online business, and an increasing move into non-food products. On the downside, wider economic uncertainty remains and cheaper selling prices do not always equate to higher profits, since margins are squeezed. CLIONA LYNCH | VERDICT RESEARCH [...]
RADIO SILENCE BY SKY BOSS ON MURDOCH BID May 11, 2011 INNOVATION was the theme for BSkyB chief executive Jeremy Darroch at the Institute of Directors’ convention yesterday, where fellow speakers included McDonald’s chief executive Jill McDonald, chancellor George Osborne and shadow chancellor Ed Balls. “The most successful businesses are those that constantly seek to adapt and renew themselves,” said Darroch, as he charted the broadcaster’s [...]
HSBC drags FTSE back as investors eye inflation forecasts May 11, 2011 Banking giant HSBC sapped some of the confidence from the blue chip index today as it announced that it was aiming to slash costs by £2.1bn. The news followed a bruising start to the week for banks who have already earmarked billions for potential payouts over dubious insurance protection sales. HSBC fell 1.3 per cent [...]
Sainsbury’s profit up 12.8pc May 11, 2011 Supermarket chain Sainsbury’s has reported a 12.8 per cent jump in annual pre-tax profits to £827m. The retailer said that total sales for the year to 19 March rose 7.1 per cent to £23bn, with non-food sales performing well. The group also said that it had won market share from rivals, taking it from 16.1 [...]
Sainsbury’s profit up 12.8pc May 11, 2011 Supermarket chain Sainsbury’s has reported a 12.8 per cent jump in annual pre-tax profits to £827m. The retailer said that total sales for the year to 19 March rose 7.1 per cent to £23bn, with non-food sales performing well. The group also said that it had won market share from rivals, taking it from 16.1 [...]
Shapland leaves Sainsbury’s May 9, 2011 Sainsbury’s has announced that its group development director Darren Shapland is to stand down, with non-food managing director Luke Jensen taking on the majority of the role from July. The company also announced that James Brown would join from Littlewoods as business unit director for clothing, and Robbie Feather was leaving John Lewis to become [...]
BEST OF THE BROKERS May 9, 2011 GREAT PORTLAND UBS has downgraded the property firm from “neutral” to “sell” and has raised its target price by 40p to 390p. The broker thinks the current share price is forward-looking, and does not allow for much execution risk in Great Portland’s ambitious development plans in the City and West End. However, it thinks strong [...]
BEST OF THE BROKERS May 9, 2011 GREAT PORTLAND UBS has downgraded the property firm from “neutral” to “sell” and has raised its target price by 40p to 390p. The broker thinks the current share price is forward-looking, and does not allow for much execution risk in Great Portland’s ambitious development plans in the City and West End. However, it thinks strong [...]