FT 10/01/19 - Vox Markets | Vox Markets

FT 10/01/19

Retailers endure worst Christmas since 2008. Sales growth stalls for first time in 28 months as British consumers curb spending

Lombard – IWG (IWG) backer looks more casual than smart after WeWork revaluation. Timing of Toscafund’s stake building might raise eyebrows in some City offices

Lex – Greggs (GRG): Quorn star. Comfort food is a comfort investment and the stock has hit an all-time high

Lex – Sainsbury (J) (SBRY): cart blench. Asda deal matters far more than the retailer’s subdued Christmas trading figures

Faroe Petroleum (FPM) concedes defeat as DNO raises stake to 52%. Final bid from Norwegian rival values UK oil explorer and producer at £641m

Sainsbury (J) (SBRY) warns on outlook after Christmas sales fall. UK supermarket says performance hit by consumers trading down to cheaper products

IT group Softcat (SCT) ‘materially’ ahead of profit expectations. Shares jump more than 15%, leading London’s main market

Greggs (GRG) upgrades profit outlook on strong end to 2018. Bakery chain’s shares hit new peak, helped by success of vegan sausage roll

Lombard – Sainsbury (J) (SBRY)-Asda deal could help Morrisons out of a tight spot
Grocer’s market share dips but prospect of rivals’ store sales offers opportunity

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Mentioned in this post

FPM
Faroe Petroleum
GRG
Greggs
IWG
IWG
SBRY
Sainsbury (J)
SCT
Softcat