Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/money/article/a407222
Morning Eyecatchers: Sainsbury taking share in a tough market
Jupiter prices IPO at 165p-a-share and Liontrust slashes dividend as profits slump.
Markets
* Sainsbury like-for-like sales for first quarter up 4.6%, 1.1% excluding fuel); on track to deliver gross space growth of around 1.45 million square feet in 2010/11; strong performance from new stores ahead of expectations; groceries online sales continued to grow by just under 20%; non-food offer continues to perform strongly; continue to expect the consumer environment to remain challenging; taking share in a tough market; chief executive expects 'very low' levels of growth in next quarter
* Liontrust adjusted pre-tax profit £796,000 vs £14.3 million; on 15 June assets under management were £1.1 billion; total dividend for full year 2.5p vs 7.5p
* Man Group weekly AHL net asset value fell 3.12% last week
* Jupiter prices IPO at 165p-a-share
* RBS sells Pakistan operations to Faysal Bank for $50.37 million
* Cairn Energy receives Greenland approval for two wells in 2010 drill programme
* GKN brings units into new division; seeks sales boost
* Intertek buys testing firm from Air Liquide
* Harvey Nash reports first-quarter recovery but outlook uncertain
* Teledyne buys UK electronics company Intelek for £23 million
* Safestore first-half revenue up 2.8% at £42.4 million; interim dividend up 3% to 1.70p; first-half underlying ebitda up 2.3% at £22.9 million; second half has begun positively; remains confident of full-year outcome; pre-tax profit £6.7 million vs loss £11.7 million last year
* Capital & Regional completes MEN arena sale
Tools from Citywire Money
Today's articles
- Week Ahead: waiting uncomfortably for Greece to go
- Investment trusts beat unit trusts in emerging markets
- Market Blog: confident US consumers lift the mood
- Smart Investor: let the news flow wash over you
- What are investment funds and how do they work?
- Your finances after... marriage
- Lyttleton takes summer break from BlackRock funds
- Threadneedle bond boss Fitzsimmons exits





leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.