Hints and tips:
...Tullow Oil: The company’s weak FCF generation and inability to de-lever meaningfully at USD60/b (after the much-needed cash infusion from the Uganda sale) raises concerns about its financial sustainability...
...Sellside stories ● BoA Merrill Lynch raised its target price on Ocado to £10.20 and repeated “buy” advice in response to the grocery delivery group’s landmark deal last week with Kroger....
...Olivier Brandicourt, Sanofi’s chief executive, said: “With Bioverativ, a leader in the growing haemophilia market, Sanofi enhances its presence in specialty care and leadership in rare diseases . . . and...
...Ohio-based Kroger has already placed Murray’s Cheese shops in 350 of its locations across the US amid a rising appetite for artisanal and specialty cheeses....
...Same-store sales have declined for six consecutive quarters; at Kroger, the largest pure food retailer, they rose in five of the last six. The whole “specialty” sector trades at a discount....
...Over the last two years Whole Foods’ sales figures have been languishing due to increasing competition in specialty foods from the likes of Kroger, Wal-Mart and Costco....
...The case centres on side deals with the investors, which were part of the cash infusions and not fully disclosed to the market....
...As the idea of wellness has gone mainstream and natural and organic foods have become made available to the masses, high-end specialty grocers like Whole Foods are struggling....
...Measurement Specialties is expected to generate $540m in sales during the current fiscal year....
...These changes, as well as the infusion of global material throughout the curriculum, ensure a global mindset....
...There was better news for fellow retailer Office Depot, as it received a $350m cash infusion from BC Partners in return for a 20 per cent stake. The stock advanced 2.6 per cent to $3.89....
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