Monday, November 8, 2010

Early Market News: J Sainsbury plc (LON:SBRY), Marks and Spencer Group Plc (LON:MKS), British Sky Broadcasting Group plc (LON:BSY)

More breaking news stories could affect stocks when trading continues later. The following companies should see some movement: J Sainsbury plc (LON:SBRY), Marks and Spencer Group Plc (LON:MKS), British Sky Broadcasting Group plc (LON:BSY). Here is a more detailed look at the news that will affect each company when trading continues. J Sainsbury plc (LON:SBRY) Expansion is continuing for J Sainsbury plc (LON:SBRY), who have opened a new store in Sheffield. J Sainsbury plc (LON:SBRY)'s new store will offer commuters, students and local residents, freshly baked bread, fresh fruit, meat, vegetables and high quality take away meals. Mark Nicholls, the Store Manager of J Sainsbury plc (LON:SBRY)'s new store said that, "We are pleased to be the first retailer to opening in Sheffield’s newest landmark. To mark our opening and our commitment to making a difference to the community, we are proud to be able to support both Bluebell Hospice and the Sheffield's Children Hospital, who do such valuable work. In the next few weeks, our construction team will be donating GBP1,000 worth of labour to revamp a dressing room at the Montgomery Theatre.” Marks and Spencer Group Plc (LON:MKS) Reports say that Marks and Spencer Group Plc (LON:MKS) has decided to re-enter Europe. Everybody is looking at Marc Bolland, the chief executive of Marks and Spencer Group Plc (LON:MKS), who will explore the strategy presentation when the company posts its half-year results on Tuesday. Jean Roche, a Panmure's analyst said that, “We are positive on Marks and Spencer Group Plc (LON: MKS)'s strong brand, relative exposure to a more wealthy customer, its multichannel model, its growing international business and the recovery and repositioning of the food business. However, without the benefit of some insight into the all-new senior management team’s plans for the business we see no reason to make a change to our expectations at present.” British Sky Broadcasting Group plc (LON:BSY) British Sky Broadcasting Group plc (LON:BSY) has achieved its long term target of 10 million customers. According to the chief executive of British Sky Broadcasting Group plc (LON:BSY), company has reached the target of 10 million customers this month. Future targets include keeping customer attrition below 10 percent and increasing revenue per customer will be the future targets. Jeremy Darroch, CEO of British Sky Broadcasting Group plc (LON:BSY) said, "The target had been set up as a "clarion call" to the company and a "big statement of intent" and my management team is dedicated to running the business according to a well-established strategy." There will probably be more movement when trading continues for J Sainsbury plc (LON:SBRY), Marks and Spencer Group Plc (LON:MKS) and British Sky Broadcasting Group plc (LON:BSY).
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