It's a most unwelcome distraction. This is the third one in five or six years ... and it's been found before that UK food retail is a highly competitive market, and consumers benefit. |
The bear case on this stock has gone well and truly stale, this is another good set of numbers and the TNS (market share) data suggests the company really has turned the corner. Sainsbury's was one of the big winners this Xmas. |
The UK slowed in the fourth quarter but quite clearly it's going to be a good summer for the consumer given the level of competition. |