Friday, 12 September 2014

The Financial Times and J Sainsbury

Bryce Elder, the stock market reporter over at the Financial Times, has this morning touched upon quite an interesting theory whistling around the London market.

Towards the end of Bryce's market report, the genial scotsman talks about how "activist funds are rumoured to be taking an interest in the supermarket after the stock's 31pc slump since mid-December".

Elder adds "one theory is that an activist could look to work with the Qatar Investment Authority. Sainsbury's 26pc shareholder, to push for higher cash returns".

In case you haven't read it, here is a link to Bryce's piece: http://www.ft.com/cms/s/0/9377ef8a-39d3-11e4-8aa2-00144feabdc0.html?siteedition=uk#axzz3CqLsU51t

I think Bryce might be onto something here - definitely a situation to keep an eye on...

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