Sainsbury looks set for recovery in retail sector

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The outlook for the food retail sector, which has performed well since March due to defensive market...

The outlook for the food retail sector, which has performed well since March due to defensive market positioning, is uncertain as growth stocks look to be regaining strength. Nick Purves, UK equity fund manager at Schroders notes that market rotation is turning back towards growth stocks again and food retailers could be hurt with the switch in investor attitude. Mike Felton, director of Pan European equities at Royal & SunAlliance believes the sector will remain under pressure with inflation in the high street absent and a lack of pricing power. Tesco continues to be the star performer...

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