Weekly outlook: Sainsbury’s fighting to protect market share
Key events for UK wealth managers for the week starting 3 July
Sainsburys
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Sainsbury’s shares soar after ‘game changer’ Asda merger
Sainsbury’s shares took off on Monday as it confirmed it had agreed to a takeover deal with Asda to potentially form the UK’s largest supermarket chain.
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Sainsbury’s upgrades profits; Woodford favourite teases ‘strong growth’
Sainsbury’s has upgraded its profit forecast after a “record” Christmas sales period, while Neil Woodford-owned Burford Capital teased markets with news of “strong growth” from its investments.
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Sainsbury’s profits fall; Vodafone partners with Woodford favourite
Sainsbury’s interim figures underwhelmed markets on Thursday but CityFibre’s shares were through the roof as it announced a new partnership with Vodafone.
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Argos acquisition pays off as Sainsbury’s posts strong growth
Sainsbury’s surprised the market this morning by announcing a 2.3% increase in like-for-like retail sales in the first quarter.
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Changing economic picture casts shadow over Sainsbury’s results
Although Sainsbury’s acquisition of Argos parent company, Home Retail Group, helped curb the negative effects of weaker sterling and inflation, the group is bracing itself for a slowdown and a hit to retail sales.
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Argos acquisition takes sting out of Sainsbury’s sales slip
Although Sainsbury’s posted a 0.4% decline in total retail sales, Argos was able to weather the tough retail environment, giving investors hope for Sainsbury’s new growth initiatives.
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Sainsbury’s shares climb despite sales dip
Sainsbury’s share price rose by 2% to 251p during morning trading on Wednesday following its better than anticipated first quarter update.
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PA ANALYSIS: UK consumer still under the weather despite spending power boost
Too hot or too cold, UK retailers’ reasons for poor performance is becoming ever more like goldilocks’ adventures with porridge. So how many more excuses can investors weather?
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Finding the right aisle in the consumer spending spree
Multi-faceted companies are the best way for investors in UK consumer spending to negotiate the backdrop of falling goods prices, according to Smith & Williamson’s Tineke Frikkee.