LONDON MARKETS: Sainsbury Continues Climb From 30-year Low As FTSE 100 Edges Higher
20 Agosto 2019 - 5:12AM
Noticias Dow Jones
By Steve Goldstein, MarketWatch
J Sainsbury on Tuesday continued its recovery from a 30-year low
after data showed the supermarket chain was the best performer of
the top four for the first time in nearly two years.
Sainsbury's shares rose 2.5% as data for the 12 weeks to Aug. 11
released by research firm Kantar showed that Sainsbury's performed
better than rivals Tesco, Walmart-owned Asda and Morrisons for the
first time since Nov. 2017.
Tesco shares fell 1.2% and Morrison fell 0.4%.
All four registered declining sales, ranging from a 0.6% drop at
Sainsbury's to a 2.7% decline for Morrisons.
Ocado (OCDO.LN) meanwhile rose 2% as the Kantar data showed the
online supermarket posted a 12.6% sales gain.
More broadly, the FTSE 100 rose 0.4% to 7218.39, a day after its
best gain in nearly two weeks.
Markets clung to a tight range with traders focused on the
U.S.-China trade war, the upcoming Jackson Hole Fed conference and
the possibility of a payroll tax cut in the U.S.
Of other movers, AstraZeneca (AZN.LN) (AZN.LN) rose 1.7% after
reporting that a late-stage trial of its Farxiga drug met its
endpoint of significantly reduced the risk of cardiovascular death
or worsening of heart failure.
Pub chains were mostly higher a day after Greene King (GNK.LN)
agreed to a 4.6 billion pound buyout offer from the conglomerate
controlled by billionaire Li Ka-shing. Mitchells & Butlers
(MAB.LN) shares rose 4.2% and Marston's (MARS.LN) rose 2.3%, while
JD Wetherspoon (JDW.LN) fell 2.6%.
Greene King shares fell 0.6% after surging on Monday.
(END) Dow Jones Newswires
August 20, 2019 05:57 ET (09:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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