In the near term, there's a bit of momentum, so (a move over 6,000) wouldn't surprise me...It's entirely clear why the market is at these kind of levels -- it's being supported by MA activity or rumored MA activity.
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There is no doubt that the operating environment won't get any easier for (general retailers) next year. Supermarkets continue their onward march into the sector.Jeremy Batstone
The negative share price reaction to these results may reflect certain disappointment... regarding figures which only met, but didn't far exceed, consensus expectations (as the group has been able to achieve in each of the previous two quarterly results a
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It's significant in that when it happens it will be the first move for six years either up or down...it will signal that the authorities believe that the long battle against deflation is finally over.
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We find little in these results to indicate that the group is addressing the dearth of late-stage pipeline products right now and suspect that the risk of opting for quick fixes does not come risk-free.
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