8 January 2001
Sainsbury shares under pressure
By FWi staff
SAINSBURY shares could come under pressure amid speculation that the supermarket chain had a gloomy Christmas, reports the Daily Mail.
Underlying sales rose between 1-2%, but Safeway and Tesco are expected to show 4% rises and Morrisons is tipped to record a 6% increase.
The Mail says if doom-mongers are correct, Sainsbury pre-tax profits will have to be trimmed from the current figure of 539m.
- Safeway aims for Tesco top spot, FWi, 24 November 2000
- Sainsburys pins hope on e-commerce, FWi, 31 May 2000
- Daily Mail 08 January 2001 page 59