Marks & Spencer is no longer special May 19, 2009 FOR a supposed retail guru, Marks & Spencer boss Sir Stuart Rose is not doing well. His firm is underperforming Tesco, J Sainsbury, Morrisons and Alliance Boots, among others. Yesterday’s grim full year results show that the firm has a lot of hard thinking to do. Its product and pricing mix still isn’t quite right; [...]
KKR could yet pull off huge Boots coup May 18, 2009 TOGETHER with Guy Hands’ purchase of EMI, the creation and buy-out of Alliance Boots, the pharmacy-led health and beauty group, was one of the symbolic deals of the boom years. The firm was created when Alliance UniChem merged with Boots in 2006, before becoming the first FTSE 100 member to be taken private by a [...]
M&S set for dividend cut as slump bites May 17, 2009 STUART Rose, executive chairman of Marks and Spencer, will today meet with the rest of the board to discuss an expected dividend cut, a decision that could propel the group into a battle with its investors. Analysts expect M&S’ total dividend payout to be slashed to just 17.4p, a reduction of 23 per cent, just 12 months [...]
M&S set for dividend cut as slump bites May 17, 2009 STUART Rose, executive chairman of Marks and Spencer, will today meet with the rest of the board to discuss an expected dividend cut, a decision that could propel the group into a battle with its investors. Analysts expect M&S’ total dividend payout to be slashed to just 17.4p, a reduction of 23 per cent, just 12 months [...]
J Sainsbury in bullish mood May 13, 2009 J SAINSBURY has pledged to dominate the grocery sector over the next decade, after reporting a stellar 11.3 per cent pre-tax profit hike to £543m in the year to 21 March. Chief executive Justin King said the group now has “the greatest growth potential of any grocery retailer in the next ten years”. Sainsbury’s has [...]
J Sainsbury in bullish mood May 13, 2009 J SAINSBURY has pledged to dominate the grocery sector over the next decade, after reporting a stellar 11.3 per cent pre-tax profit hike to £543m in the year to 21 March. Chief executive Justin King said the group now has “the greatest growth potential of any grocery retailer in the next ten years”. Sainsbury’s has [...]
DID THE RESULTS BOOST YOUR CONFIDENCE IN J SAINSBURY? May 13, 2009 NICK BUBB PALI INTERNATIONAL“The market may be disappointed that there was no new growth plan or strategy today, but management are excited about what “more of the same” can do to market share and profits in the future. And investors should be excited that the freehold property portfolio is still valued at over £7.5bn.” ANDREW [...]
DID THE RESULTS BOOST YOUR CONFIDENCE IN J SAINSBURY? May 13, 2009 NICK BUBB PALI INTERNATIONAL“The market may be disappointed that there was no new growth plan or strategy today, but management are excited about what “more of the same” can do to market share and profits in the future. And investors should be excited that the freehold property portfolio is still valued at over £7.5bn.” ANDREW [...]
J Sainsbury in bullish mood May 13, 2009 J Sainsbury boss Justin King ruled out rumours he will move to rival Marks & Spencer, saying he is proud of his performance so far and the “best part lies ahead”
J Sainsbury in bullish mood May 13, 2009 J Sainsbury boss Justin King ruled out rumours he will move to rival Marks & Spencer, saying he is proud of his performance so far and the “best part lies ahead”