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Morning Eyecatchers: Sainsbury taking share in a tough market

Jupiter prices IPO at 165p-a-share and Liontrust slashes dividend as profits slump.

 * 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

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