MARKET TALK: Sainsbury Team Changes To Help With Strategy

21st Jun 2010 13:27

1227 GMT [Dow Jones] The substantial senior management changes at J Sainsbury (SBRY.LN) could help the company to see through its strategy for growth, says Shore Capital. Says the business will be driving space and non-food participation in particular to fulfill these plans, whilst materially and sustainably building margins. For now, retains hold recommendation. However, says confirmation of current forecasts down the line and increased confidence on the delivery of strategic plans may lead to a recommendation upgrade. Shares -0.2% at 331p, coming down from an intraday high of 338p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 21, 2010 08:27 ET (12:27 GMT)