IS SAINSBURYS’ CASH PLEA FOR EXPANSION SENSIBLE? June 17, 2009 SAM HART CHARLES STANLEY“We regard the capital raising and acceleration in space growth as a sensible strategic move. With the valuation looking undemanding and the shares underpinned at current levels by asset backing arguments, we recommend using share price weakness associated with the placing to add to holdings.” CAROLINE GULLIVER EXECUTION“Sainsburys’ capital raising highlights its [...]
Confidence wavers but the drug makers have the cure June 17, 2009 RECENT confidence of a quick global economic recovery wavered yesterday, with commodity stocks down on weaker raw material prices but pharmaceuticals and telecoms gaining. “The bulls have lost their swagger and after a week long stalemate, the bears appear to be winning the recovery debate. Financial markets have now broken out of last week’s unusually [...]
Tesco upbeat as sales meet expectations June 16, 2009 TESCO, Britain’s largest retailer, yesterday said it had made a “solid start” to the year, reporting a 4.3 per cent rise in first quarter like-for-like sales at its UK stores. The giant supermarket chain reported a higher sales lift for the 13 weeks ending 30 May than it did in the previous quarter, but its [...]
Economy fears hit oil, miners and banks but defensives fly June 16, 2009 THE FTSE 100 closed 0.1 per cent higher yesterday, recovering only a small part of Monday’s sharp falls as strength in defensive stocks was countered by falls in oils, miners, and banks. At the close the FTSE 100 was up 2.56 points at 4,328.57, rallying slightly after hitting a six-week closing low on Monday when [...]
Economy fears hit oil, miners and banks but defensives fly June 16, 2009 THE FTSE 100 closed 0.1 per cent higher yesterday, recovering only a small part of Monday’s sharp falls as strength in defensive stocks was countered by falls in oils, miners, and banks. At the close the FTSE 100 was up 2.56 points at 4,328.57, rallying slightly after hitting a six-week closing low on Monday when [...]
Anna Mann enlists top businesswomen to help crack boardroom glass ceiling June 14, 2009 ANNA Mann, one of the City’s most respected head-hunters, will today launch a new initiative called Women on Board, aimed at tackling the problem of gender imbalance on the boards of Britain’s biggest companies. Mann, co-founder of Whitehead Mann and senior partner at MWM Consulting, argues that women bring “valuable diversity of thinking and a [...]
Anna Mann enlists top businesswomen to help crack boardroom glass ceiling June 14, 2009 ANNA Mann, one of the City’s most respected head-hunters, will today launch a new initiative called Women on Board, aimed at tackling the problem of gender imbalance on the boards of Britain’s biggest companies. Mann, co-founder of Whitehead Mann and senior partner at MWM Consulting, argues that women bring “valuable diversity of thinking and a [...]
Retail giants set for battle June 14, 2009 SUPERMARKET heavyweights Tesco and J Sainsbury are set to battle it out this week for retail supremacy, when they both announce sales results for the past quarter. Tomorrow, Tesco is expected to report an underlying rise in sales of between 4 and 4.5 per cent, lagging behind J Sainsbury’s predicted 7 per cent growth. Tesco, [...]
Retail giants set for battle June 14, 2009 SUPERMARKET heavyweights Tesco and J Sainsbury are set to battle it out this week for retail supremacy, when they both announce sales results for the past quarter. Tomorrow, Tesco is expected to report an underlying rise in sales of between 4 and 4.5 per cent, lagging behind J Sainsbury’s predicted 7 per cent growth. Tesco, [...]
Consumer-related stocks to shed some light on spending June 14, 2009 RETAILERS will be very much in the spotlight again this week, with trading updates expected from the great and good of the supermarket world and retail sales data expected to shed more light on the high street picture. Tesco will get the ball rolling tomorrow when it releases its first quarter sales data, but is [...]