J Sainsbury

Article Abstract:

J Sainsbury has seen a drop in its stock price of 40% since summer 1999, and underlying sales have fallen, while David Bremner, managing director, and Dino Adriano, chief executive, have left the company. Peter Davis was appointed as the company's chief executive in Jan 2000. Goldman Sachs rates the company's stocks a 'market perform' while HSBC rates them a 'reduce', and Credit Lyonnais rates them an 'add'. The company plans to release a strategic review, which could affect stock prices.

---

Sainsbury

Article Abstract:

Sainsbury appears to be undergoing a recovery under Peter Davis, and the company's stock price is rising.

Supermarket Chains

---

J. Sainsbury

Article Abstract:

J. Sainsbury saw a drop in profit and gross margins for 1995 to 1996, and costs have risen as a result of hiring new staff. Price competition among gasoline retailers has reduced sales by 10 million pounds sterling. Texas reported a loss of 10.4 million pounds, while Homebase is performing well. Texas outlets are being converted to Homebase stores, and this process is being accelerated, though it involves an investment. Sainsbury's profit is forecast to rise to over 800 million pounds for 1996 to 1997.

Similar abstracts:

• Abstracts: New rationality. Engine trouble. Changing times
• Abstracts: Sleeping with capital gains. Gains and losses. Cap your capital gains
• Abstracts: Advantages of the DIY route. Counting your chickens. Essential selection
• Abstracts: Caution's in order but watch out for a flight to quality. Strong ARM tactics. Balancing act
• Abstracts: Barclays

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.