Sainsbury's announces new chairman
17th Sep 2009 14:02
Supermarket operator Sainsbury's has as expected announced the appointment of David Tyler as its chairman. Tyler, who is also chairman of the IT contracting company Logica, will start his new role on 1 November after a handover from Philip Hampton, who has been appointed as chairman of Royal Bank o
Read moreLondon afternoon: Weak retailers out of step
15th Sep 2009 14:18
Leading shares are consolidating the morning's gains, though retailers decline to join the party. Confusion and speculation surrounds the acquisition and fund raising intentions of general insurer RSA. Reports in today's FT suggest RSA indicated at a recent investors conference that it was looking
Read moreTuesday tips round-up: J Sainsbury, Velti, Helphire
15th Sep 2009 06:44
Potential clouds on the horizon for J Sainsbury could come from Tesco pushing the pricing button and Justin King - Sainsbury's chief executive who has initiated a turnaround since 2004 - jumping ship to the same role at M&S, although he has scotched such speculation. The shares have fallen margina
Read moreSainsbury's wants David Tyler as chairman
14th Sep 2009 08:37
Former finance chief of GUS, David Tyler, is expected to be named as the new chairman of supermarket giant Sainsbury's shortly. Tyler, 56, will take over from Sir Philip Hampton who is leaving the food retailer following his appointment as chairman of government-owned lender, Royal Bank of Scotland
Read moreSunday newspaper round-up: Cadbury, Royal Bank of Scotland, Yell
13th Sep 2009 09:50
Roger Carr, the Cadbury chairman, delivered a stinging rebuke to Kraft Foods this weekend, insisting the American rival's plan to absorb the chocolate maker into its "low growth, conglomerate business" was an "unappealing" and "unattractive prospect". In a terse letter sent yesterday to Irene Rosen
Read moreComment: Predators stalking big game
11th Sep 2009 13:37
Merger mania has been sparked this week by the Kraft bid for Cadbury and the proposed joint-venture between the UK operations of mobile phone operators Orange and T-Mobile, with pundits posing the question: who’s next? Stockbroker Killik has identified five big names that might be on the takeover m
Read moreSainbury's King sells options
23rd Jul 2009 16:48
Sainsbury's chief executive Justin King has sold around £1.8m worth of options in the supermarket chain. King exercised an award of 898,000 shares under the J Sainsbury Share Plan 2005. He sold 369,000 of those shares at 318p each to fund the tax and national insurance liability from the exercise
Read moreLondon close: Rally continues
21st Jul 2009 16:44
Footsie finished just shy of the 4,500 mark after another day of gains as the rally continues. Wm Morrison led the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting pla
Read moreLondon afternoon: Advance gathers speed
21st Jul 2009 14:11
London kicked on over the lunchtime session, with risers outnumbering fallers by four to one among FTSE 100 constituents. Wm Morrison leads the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implement
Read moreLondon midday: Morrisons leads advance
21st Jul 2009 11:57
Retail stocks dominate proceedings in London following trading updates from Morrisons and Next. Wm Morrison leads the risers in the FTSE 100 after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation o
Read moreSector movers: Mixed day for retailers
21st Jul 2009 10:44
On a mixed day for retailers, Wm Morrison lifts supermarket groups higher, but Next is proving a drag on general retailers. Wm Morrison climbs nearly 10% after it said full year results are expected to beat previous forecasts due to continuing customer growth and cost cutting measures. Peers Sain
Read moreLondon open: Gains continue for Footsie
21st Jul 2009 08:42
London's blue chips have started another day in positive territory with Footsie more than 15 points higher. The blue chip index has now risen by about 7% in the past few days. Supermarket chain Wm Morrison is confident full year results will be ahead of its earlier expectations due to continuing cu
Read moreTuesday tips round-up: J Sainsbury, Phorm, Pace
7th Jul 2009 06:43
Analysts also point out that comparative sales figures for J Sainsbury are about to get tougher, which might take the sheen off its recent strong performance, says the Telegraph. Given Sainsbury's third place in the UK market, the work it needs to do to catch up with Tesco and continuing uncertaint
Read moreLondon close: Stocks finish lower
17th Jun 2009 16:31
London's leading shares have finished in the red, not getting any help from a mixed start on Wall Street. Miners dominated the fallers with Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource amongst the major sliders. Sainsbury's was one of the two non mining stocks to
Read moreBroker tips: Sainsbury, BAE Systems, Shire
17th Jun 2009 13:05
Sainsbury's fund raising plans knocked the share price for six on Wednesday morning but broker Charles Stanley believes the supermarket chain's plan to accelerate expansion plans is a sensible strategic move. 'Management believes now is a particularly good time to be accelerating space growth, give
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