lonsbry
“Just as soaring commodity costs were topping worry lists among many companies, fresh supply chain issues are looming with yet another Chinese commercial hub facing hugely disruptive lockdowns. More than 12 million citizens in the e-commerce centre of Hangzhou are set to undergo testing, a move which was a precursor to the hugely disruptive Shanghai shutdown and Beijing has also reported an increase in cases, with some residential areas sealed off. The worry is that China is committed to its zero covid policy for the long haul and that is set to mean ongoing disruption for trade. The expectati...
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J Sainsbury plc (LON:SBRY)’s grocery trading was better than expected in the third quarter and important Christmas period. That reflects increased market share as the group invested heavily in reducing prices and expanding its food ranges. Q4 2021 hedge fund letters, conferences and more General Merchandise and Clothing sales fell year-on-year because of weak demand, comparisons with last year’s exceptional trading, supply chain issues and the decision to reduce promotional activity. Total retail sales are up 1.4% on a two-year basis. The better-than-expected grocery results and cost savings m...
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J Sainsbury plc (LON:SBRY)’s half year revenue, excluding fuel, was £14.9bn, broadly in-line with last year’s lockdown-boosted sales. Compared to pre-pandemic levels, revenue’s up 7.3%. This reflected sales increases in Grocery and Clothing, but a decline in General Merchandise as post-lockdown shopping patterns started to normalise. Q3 2021 hedge fund letters, conferences and more Lower Covid-19 costs meant underlying operating profits rose 8% to £542m. The group announced an interim dividend of 3.2p per share, and continues to expect full-year underlying pre-tax profits of at least £660m. Th...
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WM Morrison Supermarkets PLC (LON:MRW) up 11.5%.J Sainsbury plc (LON:SBRY) up 1.5%.Marks and Spencer Group Plc (LON:MKS) up 1.5%.Tesco PLC (LON:TSCO) up 1%.Q2 2021 hedge fund letters, conferences and more WM Morrison Stock Surges"With yet another private equity buyer putting WM Morrison at the top of their shopping list, shares surged by 11% in early trading as investors speculate about further bids being put on the forward. WM Morrison’s board has recommended shareholders accept the £6.3 billion takeover bid from the Fortress backed consortium, so it’s right at the front of the queue, ready t...
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Supermarket sweep as offer of the week for WM Morrison sends shares higher Q1 2021 hedge fund letters, conferences and more WM Morrison Supermarkets PLC (LON:MRW) +32%J Sainsbury plc (LON:SBRY) +3.7%Marks and Spencer Group Plc (LON:MKS) +2.4%Tesco PLC (LON:TSCO) +1.7%WM Morrison's Share Price Rises"It may be Amazon Prime day, but competition from the king of e-commerce hasn’t upset the shopping cart for UK grocers. Instead, the offer of the week for WM Morrison has led to price rises across the sector, with the grocer rising 32% and Sainsbury’s, Tesco and Marks and Spencer also seeing their sh...
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Look ahead to FTSE 350 companies reporting from 26 to 30 April Q1 2021 hedge fund letters, conferences and more What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week. Among those currently scheduled to release results: Tesla Inc (NASDAQ:TSLA) results should indicate how far ahead it can stay from its rivalsWhitbread plc (LON:WTB) (OTCMKTS:WTBCF) will reveal whether it’s got enough cash to pounce on the May reopeningBP plc (LON:BP) (NYSE:BP) will update on how the oil price has affected revenuesJ Sainsbury plc (LON:SBRY) (OTCMKTS:JSAIY) will hope...
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