LONDON (Reuters) - A global stock rally on tame U.S. inflation helped shares to a near 7-year closing high, with retailer Sainsbury (SBRY.L) buoyed by stake-building and miners supported by bullish broker comments. The FTSE .FTSE …
To-come dividend cuts will drive the stock lower. Management shake-up will not affect strategy. Balance sheet protection WM Morrison's (OTCPK:MRWSY) leverage at 3.4x Net Debt adjusted for pensions and leases / EBITDA is lower than …
The company retreated from Britain, selling a controlling stake in its British arm …
Sainsbury's (London Stock Exchange: SBRY-GB) shares were 2.1 percent down on Tuesday. The online fashion retailer Asos (London Stock Exchange: ASC-GB) fell 3.2 percent on Tuesday despite announcing higher profits. Investors were …
Shares in Sainsbury (LON:SBRY) were off again on Wednesday as investors questioned whether its bid for Home Retail would deliver the goods. The stock was 0.5% adrift at 240.9p as analysts continued to muse over the possible ups and …
Sainsbury Plc (SBRY.L), has raised a $3 billion loan as a “warchest for ... Two fund said it had bought about 732 million pounds ($1.5 billion) worth of Sainsbury stock, a month before it announced a 10.6 billion-pound ($21.4 billion) bid to …
MILAN (Reuters) - Britain's top stock index steadied on Tuesday as Tesco (TSCO.L) rallied after it won approval for a takeover and Vodafone (VOD.L ... Also in the food retail space, Sainsbury's (SBRY.L) rose 0.7 percent after data …
Sainsbury's (LON:SBRY) has thrashed out a deal to buy Argos owner Home Retail ... Shares in Home Retail were 0.5p up at 153.4p while Sainsbury's stock lifted 6.4p to 251p. City opinion on the deal has been mixed, with some analysts …
Vote for Brexit, Project Fear threatened, and the stock market will tumble ... Tesco (TSCO) and Sainsbury's (SBRY) both feature in the undervalued list. The supermarket sector has faced increased pressure over the past couple of years as …
In earnings news, U.K. supermarket group J Sainsbury (London Stock Exchange: SBRY-GB) shares fell after it reported a 6.3 percent drop in underlying pre-tax profit for the first half of the year. The company also kept its interim dividend at …