Supermarket showdown as rivals report June 13, 2010 SUPERMARKET giants Tesco and J Sainsbury are this week expected to report fairly flat sales growth for the first quarter of the year, signalling a slowing of consumer activity across the food sector. Tesco is expected to report sales growth of between zero and 1.5 per cent tomorrow for the first quarter according to analysts, [...]
Supermarket showdown as rivals report June 13, 2010 SUPERMARKET giants Tesco and J Sainsbury are this week expected to report fairly flat sales growth for the first quarter of the year, signalling a slowing of consumer activity across the food sector. Tesco is expected to report sales growth of between zero and 1.5 per cent tomorrow for the first quarter according to analysts, [...]
Tesco is a better pick than Sainsbury’s June 13, 2010 THOSE looking for proof the UK is going to bump along the bottom for a while before making a convincing exit from recession need only look at this week’s supermarket sales figures. Now the comparatives are beginning to get tougher, things are looking decidedly lacklustre. Analysts at RBS reckon J Sainsbury will report flat UK [...]
Tesco is a better pick than Sainsbury’s June 13, 2010 THOSE looking for proof the UK is going to bump along the bottom for a while before making a convincing exit from recession need only look at this week’s supermarket sales figures. Now the comparatives are beginning to get tougher, things are looking decidedly lacklustre. Analysts at RBS reckon J Sainsbury will report flat UK [...]
THE TIPSTER June 13, 2010 FOOTBALL results might be capturing everybody’s attention at the moment but there are some key financial scores out this week. Following positive full-year results in March, grocer J Sainsbury is expected to announce first quarter profits this week. Will its management confirm Morrisons’ news that a slowdown in the market has begun? With the firm’s [...]
Tesco chief’s exit is a blow but shares still good buy June 8, 2010 AND so the curtain falls on Terry Leahy’s remarkable reign at Tesco. Most investors will be shocked by his departure; the received wisdom was that Leahy would stick around until 2014, when its troubled Fresh & Easy US venture started to come good. His exit is a major loss for the grocer, there is no [...]
Sainsbury’s King pockets £8m June 8, 2010 BRITISH supermarket Sainsbury’s paid its chief executive Justin King £7.6m in cash, benefits and deferred shares last year. King received £1.1m in bonus payments, amounting to 120 per cent of his salary, as well £4.2m through exercising share options, £990k in new deferred shares, a £900k basic salary and a pension supplement of £270k, according [...]
Chloride set for higher bid June 6, 2010 EMERSON ELECTRIC, the American manufacturing and technology giant, will this week step up its pursuit of guaranteed power supplier Chloride by increasing its £723m takeover bid. David Farr, Emerson’s chairman, is said to have spent last week ringing round investors to work out what he would need to pay to get their support for a [...]
The grocer who says this year will test retailers as well as shoppers May 31, 2010 Much like the rest of the country, the chief executive of the country’s third largest supermarket group is trying to make up his mind about the coalition government. At the start of the election campaign Sainsbury’s boss Justin King was one of many who backed Tory plans to scrap national insurance hikes for employers, a [...]
CITY MOVES | WHO’S SWITCHING JOBS May 31, 2010 Sainsbury’s Finance The supermarket personal finance business yesterday said interim chief executive David Fisher has been appointed as its new permanent chief. Fisher, who has been in the interim role for five months, joined the group in January from Lloyds Banking Group, where he was group HR director for HBOS. He spent a total of [...]