By Mark Howitt | Monday 20 October 2014
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Moody’s, the famous credit rating agency, predicts that Asda, Tesco (TSCO), Morrisons (MRW) and Sainsbury’s (SBRY) will continue to lose market share to the discounters Aldi and Lidl. The discounters’ share of the market currently stands at 8.3% and could reach 10% in a couple of years. Moody’s is basically predicting that the British market will become more like the European grocery sector, where margins are around 3 to 4% instead of the 5% that they used to be in Britain.
Filed under:
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Time left: 03:02:37