Means no more no ???
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BN 03/25 15:23 *OBAMA SAYS CONGRESS SHOULD QUICKLY PASS NSA LEGISLATION BFW 03/25 15:23 *OBAMA: RUSSIA FACES ENERGY, FINANCE SANCTIONS FOR MORE ACTIONS BN 03/25 15:22 *OBAMA SAYS HE NOW HAS `WORKABLE' OPTION ON NSA, BULK DATA BN 03/25 15:21 *OBAMA SAYS HE'S ENCOURAGED BY ALLIES' HELP ON RUSSIA SANCTIONS BN 03/25 15:21 *OBAMA SAYS FOCUS SHOULD BE ON UKRAINE ECONOMY, ELECTIONS BFW 03/25 15:21 *OBAMA: RUSSIA MAY FACE ARMS SANCTIONS IF IT ENCROACHES FURTHER BN 03/25 15:20 *OBAMA REITERATES PREFERENCE FOR RUSSIA/URKAINE IS DIPLOMACY BN 03/25 15:20 *OBAMA: RUSSIA MAY FACE ARMS SANCTIONS IF IT ENCROACHES FURTHER BN 03/25 15:20 *OBAMA: RUSSIA FACES ENERGY, FINANCE SANCTIONS FOR MORE ACTIONS BN 03/25 15:18 *OBAMA SAYS RUSSIA WOULD BE HURT MOST IF NEW SANCTIONS IMPOSED BN 03/25 15:16 *OBAMA REITERATES THREAT OF FURTHER SANCTIONS IF RUSSIA ACTS BFW 03/25 15:16 *OBAMA SAYS U.S. WORRIED ABOUT FURTHER RUSSIAN ENCROACHMENT BN 03/25 15:16 *OBAMA SAYS U.S. WORRIED ABOUT FURTHER RUSSIAN ENCROACHMENT BN 03/25 15:15 *OBAMA SAYS `SLOPPILY ORGANIZED' CRIMEA REFERENDUM NOT JUSTIFIED BN 03/25 15:11 *OBAMA SAYS `WE CANNOT BE COMPLACENT' ABOUT NUCLEAR THREATS BN 03/25 15:07 *OBAMA SAYS HE SIGNED EMERGENCY DECLARATION FOR MUDSLIDE BN 03/25 15:07 *OBAMA SAYS HE SPOKE TO INSLEE ABOUT WASHINGTON MUDSLIDE BN 03/25 15:00 *OBAMA HOLDS PRESS CONFERENCE WITH RUTTE IN THE HAGUE
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*OBAMA SAYS ADDITIONAL SANCTIONS MIGHT AFFECT GLOBAL ECONOMY 2014-03-25 15:17:55.626 GMT
--KRISTIN JENSEN
-0- Mar/25/2014 15:17 GMT
2014-03-25 15:08:10.809 GMT
By Karen Goldfarb
March 25 (Bloomberg) -- {NSN N2ZZ1HBE5TS3 <go>}
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To contact the editor responsible for this story:
Karen Goldfarb at +1-212-617-5732 or
kgoldfarb1@bloomberg.net
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Sainsbury Shares May Get Boost From Qatar Interest, Shore Says 2014-03-25 14:33:25.127 GMT
By Heather Burke March 25 (Bloomberg) -- Sainsbury shrs could get support from possible increased interest by Qatar Investment Authority, Shore says, reiterates hold. * Shrs significantly down in past few wks on disappointing 4Q sales, investor concerns on industry margins after Morrison announced GBP1b of price investment in next 3 yrs * Is favorite of 3 big traded U.K. grocers; has attractive property, stores in top locations in south & east of U.K., attractive div. yield (est. 5.6% in FY15 with 1.9x cover by EPS) * QIA has ~26% stake vs Sainsbury family ~14%; if QIA were to look at a strategic investment would have to buy ~60% of shrs costing GBP3.69b at current price * May benefit from being private under QIA and family, let mgmt be more strategic, flexible; may be good time for ownership change as CEO Justin King leaves * QIA would have to pay ~GBP4.31b for 60% of shrs if offered 20% premium (372p) to current 310p stock price, assuming family kept stale; could probably absorb GBP2.56b of debt * Doesn’t “know or suspect any such thoughts are underway” * NOTE: Sainsbury shrs down 15% YTD before today vs Tesco -13%, Morrison -19% * NOTE March 21: Sainsbury May Need to Cut Div., Capex, Goldman Says; PT Cut * NOTE March 18: 4Q LFL sales -3.1%, 1st drop in >9 yrs, said reductions announced by supermarkets amount to “phony war”
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To contact the reporter on this story: Heather Burke in London at +44-20-7673-2044 or hburke2@bloomberg.net To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net