London open: Early gains for Footsie
16th Jun 2010 08:46
London has made a strong start following last night's 200-point rally on Wall Street. In company news this morning, Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 08:20
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] 0720 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q trading statement is good, says Shore Capital, judging against the backdrop o
Read moreMARKET TALK: J Sainsbury 1Q Statement Positive - Shore
16th Jun 2010 08:20
0720 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q trading statement is good, says Shore Capital, judging against the backdrop of tough comparatives, low inflation and a subdued consumer. Shore says, whilst modest, like-for-like sales growth is in-line with that of Tesco (TSCO.LN) and Morrison (MRW.LN)
Read moreUPDATE: Sainsbury Sales Growth Slows In Line With Forecasts
16th Jun 2010 07:51
(Adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. grocer J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter, but said it is trading in line with forecasts and is well-placed to make good progress in a challenging environ
Read moreMARKET TALK: Sainsbury 1Q Like-For-Like Sales Below Forecast
16th Jun 2010 07:45
0645 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q like-for-like sales of 1.1% excluding petrol but including VAT, are slightly below Execution Noble's estimate of 1.5%, the brokerage says. However, its estimate was ahead of consensus. Execution prefers either Tesco (TSCO) or Morrison (MRW.LN), with 22
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:45
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] 0645 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q like-for-like sales of 1.1% excluding petrol but including VAT, are slightly
Read moreLondon pre-open: Rally set to continue
16th Jun 2010 07:39
It looks like being another strong start for London following last night's 200-point rally on Wall Street, with the FTSE 100 looking to make it six up days in a row. US traders piled into stocks after debt auctions in Spain and Belgium attracted decent demand, alleviating some of the fears about an
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:34
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] 0634 GMT [Dow Jones] Sainsbury (SBRY.LN) first-quarter results are worse than Tesco's, published Tuesday, Seymour Pierce anal
Read moreMARKET TALK: Sainsbury 1Q Same-Store Growth: Zero
16th Jun 2010 07:34
0634 GMT [Dow Jones] Sainsbury (SBRY.LN) first-quarter results are worse than Tesco's, published Tuesday, Seymour Pierce analyst Freddie George says. George says Sainsbury same-store sales growth excluding value-added-tax is about 0%. He says the stated trading period for Sainsbury's 1Q, ending June
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:24
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] 0623 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q update is slightly disappointing, says an analyst. The analyst notes that on
Read moreMARKET TALK: Sainsbury 1Q Slightly Disappointing - Analyst
16th Jun 2010 07:23
0623 GMT [Dow Jones] J Sainsbury's (SBRY.LN) 1Q update is slightly disappointing, says an analyst. The analyst notes that on a VAT-inclusive basis, the 1.1% like-for-like sales excluding petrol, is exactly the same as that which Tesco (TSCO.LN) achieved, despite the extra two weeks of trading Sainsb
Read moreSainsbury 1Q Sales Slow; Says Well-Placed For Progress
16th Jun 2010 07:16
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. grocer J Sainsbury PLC (SBRY.LN) Wednesday reported slowing sales growth in the first quarter, but said it is trading in line with forecasts and well-placed to make good progress in a challenging environment. "We have made
Read moreSainsbury's blows its own Vuvuzela
16th Jun 2010 07:05
Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela horns. Britain's third largest supermarket said like for like sales excluding petrol increased by 1.1% during the 12
Read moreWednesday preview: Sainsbury, Mouchel, Unemployment
15th Jun 2010 16:47
Hot on the heels of a trading update from sector leader Tesco comes an update from Sainsbury, the number three player in the UK supermarket sector. Tesco reported UK like for like (LFL) sales growth of 1.1% in the thirteen weeks ending 30 May, but that was with the effects of January's VAT increase
Read more2nd UPDATE: Tesco Joins Calls On UK Government To Shun VAT Rise
15th Jun 2010 11:53
(Adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Supermarket Tesco PLC (TSCO.LN), the U.K.'s largest retailer, Tuesday joined calls on the U.K. government not to damage a fragile economy by raising value-added tax. Economists expect the U.K.'s new coalitio
Read more