Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
THE TIPSTER November 10, 2010 The supermarket Sainsbury’s recently saw a dip in its share price, offering a rare buying opportunity for spread betters. Thanks to its immense property portfolio, Sainsbury’s is still preferred over competitors like Tesco. Capital CFDs quotes a price of 373.4p-374.0p. The G20 meeting in South Korea is now underway and the world is hoping for [...]
Sainsbury’s profit rises by 8pc November 10, 2010 Sainsbury’s has reported an eight per cent rise in underlying profit to £332m. The retailer said its share of the market had risen to 16.2 per, from 15.9 per cent. Like-for-like sales, which strip out the effect of store openings and closures, rose by two per cent. The strongest growth came, not from food, but [...]
J Sainsbury outpaces rivals as it sees its market share inch higher November 9, 2010 UK SUPERMARKET sales are rising slightly more than food price inflation, with the third largest grocer J Sainsbury outpacing its major rivals, market researchers Kantar Worldpanel said yesterday. Grocery sales climbed four per cent in the 12 weeks ended 31 October, helped by a three per cent rise in inflation — little changed from the [...]
US data lifts investors’ spirits November 7, 2010 Shares are likely to open higher this morning, with investors remaining in buoyant spirits following on from Friday’s stronger than expected non-farm payrolls data from the US economy. GFT is quoting the FTSE 100 index to open up 14 points from Friday’s close, at a level of 5,889. The German DAX 40 is expected to [...]
Morrison sales in slim rise November 4, 2010 Wm Morrison Supermarkets met forecasts with a modest rise in third-quarter underlying sales as the benefits from a small rise in food price inflation were held back by subdued consumer spending. Britain’s fourth-biggest grocer said sales at stores open over a year rose 1.3 per cent, excluding petrol and VAT sales tax, in the 13 [...]
Fears over consumer climate send retailers and FTSE down November 3, 2010 BRITAIN’S top share index closed lower yesterday, with retailers weak as Next posted falling sales, while banks gained ground after Lloyds Banking Group poached Santander UK’s head as its new CEO. Investors were reluctant to take big positions ahead of a Federal Reserve decision on further monetary policy easing later yesterday. Markets are pricing in [...]
BEST OF THE BROKERS October 7, 2010 J SAINSBURY Sales growth at J Sainsbury was still faster than peers and, according to HSBC the second quarter confirmed Sainsbury’s is growing faster than the industry but margin enhancement looks fairly limited for the full year. The broker believes valuation is currently stretched relative to the sector and reiterates its “neutral” rating. IMPERIAL TOBACCO [...]
PERSONAL FINANCE NEWS October 7, 2010 CONSUMERS PAYING OFF CARDS FASTER Data from the British Bankers’ Association shows that the number of credit card purchases has been on the rise over the last year. While there were 158m purchases on cards in August 2009, July 2010 saw 169m and in August this year consumers upped the number of purchases to 173m. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 6, 2010 FINANCIAL TIMES BUSINESS PLEADS FOR A STRATEGY Business leaders urged David Cameron to turn his pro-enterprise rhetoric into a detailed strategy that would deliver better infrastructure and remove obstacles to growth. David Frost, director-general of the British Chambers of Commerce said corporate Britain was strongly behind the government’s effort to shrink the budget deficit but [...]
Non-food lifts J Sainsbury October 6, 2010 J SAINSBURY yesterday reported a sales rise in the second quarter as it pinned its hopes on catching Asda by rapidly expanding store space. The UK’s third largest chain behind Tesco and Asda, said non-food items were fuelling its performance. Sainsbury’s saw a 2.9 per cent like-for-like increase in sales in the period, which also [...]