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Top related persons:
J Sainsbury’s - 1 Simon Roberts reckons - 1 Wm Morrison - 1 Aimee Donnellan - 1 Aston Martin - 1 Neil Unmack - 1 Streisand Neto - 1
Top related locs:
Britain’s Asda Dubilier
Top related orgs:
Aldi - 1 Tesco - 1 Clayton - 1 Rice - 1 EG - 1 R - 1 Asda - 1 Morrisons - 1

Search resuls for: "Wm Morrison"


2 mentions found


☆ Sainsbury’s gain is private equity’s pain
  + stars: | 2023-11-02 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 2 (Reuters Breakingviews) - Red hot competition in the UK grocery market is favoring the largest players. Sainsbury’s CEO Simon Roberts reckons the 6.5 billion pound group has been taking market share from rivals including discounters Aldi and Lidl. That may not be good news for Sainsbury’s smaller peers like Morrisons and Asda, owned by Clayton, Dubilier & Rice and EG Group respectively. Both Sainsbury’s and Tesco have held their market shares relatively stable since 2021, when CD&R bought Wm Morrison. Sainsbury’s is currently valued at 5 times forward EBITDA, according to LSEG data.
Persons: J Sainsbury’s, Simon Roberts reckons, Wm Morrison, Aimee Donnellan, Aston Martin, Neil Unmack, Streisand Neto Organizations: Reuters, Aldi, Tesco, Clayton, Rice, EG, R, Asda, Morrisons, Pfizer, Thomson Locations: Britain’s, Asda, Dubilier
☆ Euro-banks have done their time in valuation jail
  + stars: | 2023-01-26 | by ( Liam Proud | ) www.reuters.com   time to read: +7 min
Major euro zone and UK banks are trading at a 40% discount to the region’s wider benchmark index, using price to forward earnings multiples tracked by Refinitiv. The subsequent euro zone crisis in 2012 prompted a wave of bad debt that weighed down earnings. More recently, though, euro zone lenders have been facing up to their past sins, and offloading non-performing loans. There’s no evidence of a bank lending splurge, despite years of rock-bottom interest rates. Between November 2012 and November 2022, euro zone banks’ total lending to households and companies grew at an annual clip of under 2%, a fraction of its pre-2008 pace.
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