Sales are up at Sainsbury but it's not enough to keep analysts happy it seems, and Unilever has today gone ex-dividend so the FTSE is moving south in early trading.
The FTSE 100 index is down almost 16 points or 0.3% to 5423.8 within the first hour of trading in London as Sainsbury has reported sales were up 5% to £8.3bn in the fiscal first half and earnings reached £58m, but the sales figure is lower than analysts were hoping to see. As a result, Sainbury’s share price is down 4.75p or 1.6% to 287p but a fall on the FTSE is not all down to one company as from today, new investors in Unilever stocks, the world's third-largest food company, will not be entitled to the first-half dividend. Unilever is currently down 8p or 1.4% to 563p. There have b...
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