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Sainsbury (J) PLC Add to portfolio

LON100:SBRY, Jan 21, 04:45 UTC

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Sainsbury's-Asda tie-up not a done deal yet, experts warn

SBRY WMT

LONDON (Reuters) - Shortly after last year's announcement of a $9.4 billion deal to combine the Sainsbury's (SBRY.L) supermarket group that he runs with rival Asda, boss Mike Coupe was caught on camera singing "We're in the money". Not so fast, some competition lawyers, analysts and rivals warn, ahead of a provisional regulatory ruling due in the coming weeks on a deal that could create Britain's largest retailer, with annual sales of about 51 billion pounds ($66 billion). Coupe and Roger Burnley, chief executive of Walmart (WMT.N) owned Asda, have said they do not expect the CMA to make the deal unpalatable. Rivals and suppliers have made a raft of submissions to the regulator opposing the deal. Some analysts also drew negative inference from Sainsbury's and Asda's pre-Christmas clash with the CMA over its refusal to give them more time to respond to evidence, a row that went to court. And some of the CMA's recent dealings have pointed to more intervention following a period where the perception was of a more hands-off approach.

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Friday, January 18


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UK regulator's verdict on Sainsbury's-Asda deal seen delayed - court

SBRY WMT

UK regulator's verdict on Sainsbury's-Asda deal seen delayed - court. LONDON (Reuters) - A British court ruling has indicated that a final regulatory verdict on supermarket operator Sainsbury's (SBRY.L) proposed 7.3 billion pound takeover of Walmart (WMT.N) unit Asda will be delayed until the end of April from early March. Extension of the deadline to April 30 was "now recognised to be necessary", the Competition Appeal Tribunal (CAT) said in a judgement made on Dec. 14 and published on Friday. As things stand the Competition and Markets Authority (CMA) regulator is due to publish its provisional findings on the deal by early February and its final report in early March. The CAT judgment in December related to a case brought by Sainsbury's and Asda against the CMA over its refusal to give them more time to respond to evidence.

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News

Analyzing J Sainsbury (OTCMKTS:JSAIY) & WM MORRISON SUP/ADR (MRWSY) – Fairfield Current

SBRY MRW

J Sainsbury (OTCMKTS:JSAIY) and WM MORRISON SUP/ADR (OTCMKTS:MRWSY) are both mid-cap retail/wholesale companies, but which is the superior stock? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, institutional ownership, risk, valuation, earnings and dividends. J Sainsbury is trading at a lower price-to-earnings ratio than WM MORRISON SUP/ADR, indicating that it is currently the more affordable of the two stocks. This is a summary of current ratings and price targets for J Sainsbury and WM MORRISON SUP/ADR, as reported by MarketBeat.

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Sunday, January 13


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Contrasting WM MORRISON SUP/ADR (MRWSY) & GNC (NYSE:GNC) – PressOracle

SBRY MRW

We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, institutional ownership, risk and analyst recommendations. Comparatively, WM MORRISON SUP/ADR has a beta of 0.73, indicating that its stock price is 27% less volatile than the S&P 500. Insider & Institutional Ownership. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term. GNC currently has a consensus price target of $4.50, indicating a potential upside of 52.54%.

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Saturday, January 12


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Sainsbury's Middlehaven 'ghost store' plan rejected

SBRY

Supermarket giant Sainsbury's plan to fill a £200,000 a month ghost store has been rejected by councillors amid concerns it would be "catastrophic" for a nearby town centre. The store was constructed after the chain announced its intention to relocate from its Wilson Street branch - saying it was "unable to compete effectively with other large stores in the area". The new application, unanimously rejected on Friday by the authority's planning and development committee, would have seen the Middlehaven building occupied by B&M, Argos, Iceland and a gym, the Local Democracy Reporting Service said. "When permission was initially granted in 2015 the town centre was in a far healthier situation than it is now," he added.

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News

Why I’d avoid the Sainsbury’s share price and buy this FTSE 250 dividend stock

SBRY VZ

Why I’d avoid the Sainsbury’s share price and buy this FTSE 250 dividend stock. Fool.co.uk12 January 2019, 11:40 GMT. What do investors want when they buy shares in J Sainsbury (LSE: SBRY)? January 2014 – present. Although a few lucky investors have made money by buying during the dips and selling at short-term highs, the share price has delivered poor returns for many investors. The sweetener specialist’s dividend has been much more reliable than Sainsbury’s. As far as I can tell, Tate & Lyle’s payout has only been cut once since 1992. Even then, it was restored to its previous level after just one year.

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JPMorgan Chase & Co. Lowers J Sainsbury (SBRY) Price Target to GBX 230 – Fairfield Current

SBRY JPM

J Sainsbury (LON:SBRY) had its price target cut by equities research analysts at JPMorgan Chase & Co. from GBX 260 ($3.40) to GBX 230 ($3.01) in a research report issued on Thursday. Finally, Sanford C. Bernstein lowered their target price on J Sainsbury from GBX 330 ($4.31) to GBX 310 ($4.05) and set a “market perform” rating for the company in a research report on Friday, December 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. J Sainsbury currently has a consensus rating of “Hold” and an average target price of GBX 310.75 ($4.06).

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Thursday, January 10


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I would dump the Sainsbury’s share price and buy this unstoppable retailer instead

SBRY VZ

I would dump the Sainsbury’s share price and buy this unstoppable retailer instead. The numbers were not good. For the 15 weeks to January 5, total retail sales declined 0.4% while same-store sales were 1.1% lower, excluding fuel. These numbers are particularly embarrassing for the company because peers, notably Tesco and Morrisons, reported sales growth across the festive period. With Sainsbury’s facing an uncertain future, I think selling the stock could be the right course of action for investors today. If you are looking for somewhere to reinvest your funds, I reckon Card Factory(LSE: CARD) could be an exciting opportunity.

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Wednesday, January 09


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Analysts are on the Bearish side about J Sainsbury plc (LON:SBRY) this week. – Thorold News

SBRY TUI

Among 9 analysts covering Sainsbury J PLC (LON:SBRY), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. The stock of J Sainsbury plc (LON:SBRY) earned “Buy” rating by Citigroup on Thursday, September 6. As per Wednesday, November 14, the company rating was maintained by UBS. 09/01/2019 Broker: UBS Rating: Buy Old Target: GBX 400.00 Maintain09/01/2019 Broker: Shore Capital Rating: Hold Maintain02/01/2019 Broker: UBS Rating: Buy Old Target: GBX 400.00 Maintain21/12/2018 Broker: Bernstein Rating: Market Perform Old Target: GBX 330.00 New Target: GBX 310.00 Maintain17/12/2018 Broker: UBS Rating: Buy Old Target: GBX 400.00 Maintain13/12/2018 Broker: UBS Rating: Buy Old Target: GBX 400.00 Maintain12/12/2018 Broker: Shore Capital Rating: Hold Maintain19/11/2018 Broker: Berenberg Rating: Buy Old Target: GBX 369.00 New Target: GBX 369.00 Maintain14/11/2018 Broker: UBS Rating: Buy Old Target: GBX 400.00 Maintain13/11/2018 Broker: Bernstein Rating: Market Perform Old Target: GBX 330.00 Maintain. J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

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News

Sainsbury’s sees ‘cautious’ consumer spending hit Christmas sales

SBRY

Sainsbury’s has blamed “cautious” consumer spending for falling sales over its festive quarter as its Argos business also suffered after cutting back on heavy discounts. The supermarket giant – which plans to merge with rival Asda in a £12 billion deal – saw like-for-like retail sales, including Argos and excluding fuel, fall 1.1% in the 15 weeks to January 5. Boss Mike Coupe joined rivals in confirming that Christmas “came late” this year as shoppers held off until the last minute, while they also traded down amid a general pull-back in spending as Brexit uncertainty weighs. While grocery sales rose 0.4% over the quarter, Sainsbury’s said this was offset by a 2.3% drop in general merchandise and a 0.2% decline for clothing. Sainsbury’s said a 1% fall in food price inflation – to its lowest rate for two years – also affected its grocery sales performance, while downtrading saw slower sales growth for its premium Taste the Difference range.

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