UPDATE: Sainsbury Shuffles Senior Management Team
21st Jun 2010 13:43
By Steve McGrath and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Monday shuffled its management team, putting current Chief Financial Officer Darren Shapland in charge of future developments at the company, and promoting John Rogers
Read moreMARKET 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 su
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
21st Jun 2010 13:27
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] 1227 GMT [Dow Jones] The substantial senior management changes at J Sainsbury (SBRY.LN) could help the company to see thro
Read moreSainsbury's names new finance chief
21st Jun 2010 12:37
Sainsbury's has reshuffled its main and operating board and appointed a new chief financial officer on Monday. The supermarket chain said the changes will support and drive the company's long-term growth strategy and strengthen the leadership team. Darren Shapland, currently chief financial office
Read moreSainsbury Shuffles Management Team, Shapland Takes Strategy Role
21st Jun 2010 12:35
By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Monday shuffled its management team, putting current Chief Financial Officer Darren Shapland in charge of future developments at the company, and promoting John Rogers to the CFO pos
Read moreJ Sainsbury Names Finance Director Shapland As Development Director
21st Jun 2010 12:12
LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) said Monday that Darren Shapland, currently Chief Financial Officer, will become Group Development Director on the Board. MAIN FACTS: -This new role, in addition to ensuring the Company's existing growth plans are realized, will lead the delivery
Read moreBroker tips: Sainsbury, oil companies, BSkyB
18th Jun 2010 13:06
Wednesday's trading update from Sainsbury was in line with expectations, prompting Charles Stanley to reiterate its advice to clients to accumulate the shares. With Sainsbury management saying it is comfortable with consensus profit before tax forecasts of £655m for the current year Charles Stanley
Read moreBroker snap: Sainsbury on undemanding valuation
18th Jun 2010 10:40
Wednesday's trading update from Sainsbury was in line with expectations, prompting Charles Stanley to reiterate its advice to clients to accumulate the shares. With Sainsbury management saying it is comfortable with consensus profit before forecasts of £655m for the current year Charles Stanley is
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 10:50
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0950 GMT [Dow Jones] Liberum Capital initiates coverage of Sainsbury (SBRY.LN) with a hold rating and 340p target. "Profitabi
Read moreMARKET TALK: Liberum Starts Sainsbury At Hold
17th Jun 2010 10:50
0950 GMT [Dow Jones] Liberum Capital initiates coverage of Sainsbury (SBRY.LN) with a hold rating and 340p target. "Profitability is now only modestly below the mid 1990's peak whilst margins are expanding consistently," the Liberum says. However Liberum says a difficult UK environment, higher profi
Read moreQatar Fund Eyes Top Hotels In Hunt For London Assets - Report
17th Jun 2010 06:41
LONDON (Dow Jones)--Qatar Investment Authority, one of the world's richest sovereign wealth funds, with U.K. interests including Harrods, the U.S. Embassy building in Mayfair and Chelsea Barracks, is preparing to make offers on two of London's most famous hotels, U.K. newspaper The Times reported Th
Read moreLondon close: Footsie edges higher
16th Jun 2010 16:47
Footsie closed slightly higher on a fairly lacklustre day for the leading share index. Part-nationalised lender Royal Bank of Scotland went well on a day which saw it shed two parts of its sprawling empire. It has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank L
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreLondon midday: RBS leads sedate advance
16th Jun 2010 12:18
Leading equities sleepwalked their way through the morning session, with little in the way of corporate news to perk interest. Economic news has been mixed today with the number of people claiming unemployment benefit falling more than expected in May, but the wider unemployment rate continuing to
Read more2nd UPDATE: Sainsbury Sales Slow; Sees Low Industry Growth
16th Jun 2010 09:55
(Rewrites. Adds CEO, analysts comments, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter and warned it expects little or no short-term industry growth as U.K. grocers battle infla
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