HOW BRITAIN'S BIGGEST HAVE PERFORMED
Sunday 09 March 1997
The worst performer over the last three months is the supermarket chain Sainsbury's, which led market gainers for years. The company issued a profit warning in January as it is increasing spending to reverse declining market share and investing heavily in providing banking services. It will take some time for results to show through but this is one that could be oversold.
Asda and Safeway are also in the laggards of the last three months. Investors believe the general election is adding to uncertainty over retail spending. Once it is out of the way, these stocks might recover favour on a better outlook for 1998.
The worst performer last week was healthcare company Smith & Nephew which registered a rise in pre-tax profit last year of 1 per cent. The outlook for 1997 is also considered uninspiring. The company faces tough competition in the US market. Copyright: IOS & Bloomberg
Stand by for another DECADE of wet summers, say Met Office meteorologists
'Jail reckless bankers': Report urges the Government to introduce new criminal offence for reckless management
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
World news in pictures
Google challenges US surveillance gagging order
- 1 Disability campaigners celebrate 'victory' after government rethink over plans to make it more difficult to claim disability benefits
- 2 'Jail reckless bankers': Report urges the Government to introduce new criminal offence for reckless management
- 3 Breaking the Silence: In the reality of occupation, there are no Palestinian civilians – only potential terrorists
- 4 Uri Geller psychic spy? The spoon-bender's secret life as a Mossad and CIA agent revealed
- 5 Vice pulls 'breathtakingly tasteless' fashion shoot glorifying the suicides of famous female authors from Sylvia Plath to Virginia Woolf
iJobs Money & Business
£600 - £750 per day: Orgtel: FATCA Project Manager - Banking - London - £600-...
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£55000 - £60000 per annum + Benefits + Pension: Orgtel: Quantitative Analyst, ...
£150 - £250 per day: Orgtel: KYC Analyst - London - Banking - £150-250/day C...