Britain's fourth-largest supermarket group Safeway saw its rating downgraded from “neutral” to “underperform” at investment bank Schroder Salomon Smith Barney (SSSB) today [Wednesday]. SSSB analysts explained that there was some concern over slowing sales at the retailer. The bank also dropped its price target on Safeway shares from 310p to 180p, to reflect recent falls in equity markets.
Britain’s fourth-largest supermarket group Safeway saw its rating downgraded from “neutral” to “underperform” at investment bank Schroder Salomon Smith Barney (SSSB) today [Wednesday].
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
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