MARKET TALK: Sainsbury CEO Share Sale Dampens Qatari Rumours
9th Jul 2010 08:37
0737 GMT [Dow Jones] Sainsbury (SBRY.LN) Chief Executive Justin King's share sale Thursday dampened speculation that the Qataris are preparing a 500p a share bid for the grocer, Arden Partners analyst Nick Bubb says. "There never really seemed too much justification in the first place for the view t
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreSainsbury chief exec sells despite bid rumours
8th Jul 2010 16:47
Sainsbury boss Justin King took advantage of the supermarkets group's two-month share price high this morning by selling shares the day after rumours that the Qatar Investment Authority is considering a bid. King sold part of his existing shareholding as well as exercising and immediately selling
Read moreFTSE 100 movers: Banks move higher
8th Jul 2010 15:21
Financials are pushing Footsie higher. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all over Lloyds Banking, Royal Bank of Scotland and Barclays. All three banks will be stress tested by the EU. Royal Dutch Shell
Read moreMARKET TALK: Sainsbury Reverses Fortunes; Biggest FTSE Faller
8th Jul 2010 14:34
1334 GMT [Dow Jones] J Sainsbury (SBRY.LN) -1.6% at 339p and is the biggest decliner on the FTSE 100, reversing the strong gains seen on Wednesday. This follows the speculation Wednesday of a Qatar Investment Authority bid for the supermarket. The shares gained 5.8% on this chatter by yesterday's cl
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jul 2010 14:34
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1334 GMT [Dow Jones] J Sainsbury (SBRY.LN) -1.6% at 339p and is the biggest decliner on the FTSE 100, reversing the strong
Read moreSainsbury Shares Soar On New Qatari Bid Rumors
8th Jul 2010 04:49
(This item was originally published Wednesday.) LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) shares soared Wednesday on renewed speculation that minority shareholder Qatar Investment Authority, or QIA, is preparing a bid for the U.K. supermarket group. At 1143 GMT, Sainsbury shares were up
Read moreAmazon Opens Online Grocery Service In UK - Reuters
8th Jul 2010 02:14
DOW JONES NEWSWIRES Amazon.com Inc. (AMZN) on Wednesday started an online grocery service in the U.K., the Reuters news agency reported on its website. The U.S. online retailer joins the fray with Tesco PLC (TSCDY), Wal-Mart Stores Inc.'s (WMT) Asda, J Sainsbury PLC (JSAIY) and Ocado, whi
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreFTSE 100 movers: M&S falls after trading statement
7th Jul 2010 15:27
Marks & Spencer heads the fallers following its trading statement. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like-for-like sales in general merchandise, which includes clothing, were up 6% in the
Read moreAmazon challenges Ocado with online grocery launch
7th Jul 2010 14:32
Online retailer Amazon, better known for selling DVDs, video games and books, has launched a grocery website in Britain. Amazon will compete with established websites run by Tesco, Sainsbury's and Ocado. The move comes as Ocado, which has a deal to deliver for Waitrose until 2020, gears up for a fl
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreUPDATE: Sainsbury Shares Soar On New Qatari Bid Rumors
7th Jul 2010 12:57
By Simon Zekaria Of Dow Jones Newswires (Rewrites. Adds QIA, analyst comment, detail.) LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) shares soared Wednesday on renewed speculation that minority shareholder Qatar Investment Authority, or QIA, is preparing a bid for the U.K. supermarket gr
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreQataris said to be circling Sainsbury's
7th Jul 2010 11:10
Supermarket chain J Sainsbury is up at a two-month high Wednesday on growing speculation that former suitor, the Qatar Investment Authority, is stake building. Talk is the Qataris are ready to up their interest in Britain's third-largest food retailer to 29.9% ahead of a cash offer pitched at 500p
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