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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Sainsbury
Article Abstract:
Sainsbury appears to be undergoing a recovery under Peter Davis, and the company's stock price is rising.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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