Argyll tops long-term shopping list

Article Abstract:

Argyll may be affected by price competition in the retail industry, but has good long-term prospects. Safeway, a food retailer owned by Argyll, has reduced costs and improved efficiency and marketing, widening its brand to increase the range of its customers. Price competition among gasoline retailers will have some impact on Argyll, but is likely to affect Tesco more. The company's investment program has been expensive, but the resulting cost savings should make this investment worthwhile.

Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Management, Safeway PLC, Argyll Group PLC

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Much more gloom than glee

Article Abstract:

UK companies have seen changes in profit forecasts in Dec 1995, with 912 profit downgrades compared to 498 upgrades. Retailers are particularly affected by downgrades, including J Sainsbury, which has seen a 5% downgrade to a forecast of 825 million pounds sterling. Upgrades include British Steel and Smiths Industries. Water companies have been well represented among upgrades, including Thames Water with upgrades from nine stockbrokers out of 17.

United Kingdom, Economic aspects, Finance, Corporations, Corporate finance

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