Stocks to watch for July 5: Morrison, Sainsbury, BP, Centrica, and JD Sports

2 min read | July 05, 2021 08:08 AM BST | By Kamalika Ghosh

These FTSE listed stocks, Morrison, Sainsbury, BP, Centrica, and JD Sports, are likely to be in action today.

Morrison Supermarkets Plc (LON: MRW)

The supermarket company agreed to a takeover bid worth £6.3 billion offered by an investment groups consortium led by Fortress, owned by SoftBank. The company partnered with Koch Real Estate Investments and Canada Pension Plan Investment to make the offer that would give shareholders 252p per share and an additional 2p special dividend.

The shares of the company closed at GBX 239.80 on 2 July.

J Sainsbury Plc (LON: SBRY)

The supermarket chain would invest £50 million in its products prices. The move is expected to make several of its items available to its shoppers at much cheaper rates. Sainsbury said that 60 core fresh produce, dairy products, and meat would see prices slashed by month-end. The move comes at the backdrop of stiff competition from German discount rivals like Lidl and Aldi.

The shares of the company closed at GBX 272 on 2 July.

BP Plc (LON: BP)

BP Plc, along with Russia’s Lukoil PJSC, is planning to sell its Iraq assets, the oil minister of Iraq said. Ihsan Abdul Jabbar in a Facebook video said that BP is planning to pull out from the Rumaila field, while Lukoil has informed him of selling West Qurna-2 field stake to Chinese companies. Exxon Mobil Corp is also planning to sell its stake in West Qurna-1.

The shares of the company closed at 321.40 on 2 July.

Centrica Plc (LON: CNA)

The energy services multinational company is readying a £1.6 billion-overhaul of the rough gas storage site. The overhaul is being planned so that the site could store hydrogen instead of methane. The company said that the overhaul of the site would create about 3,000-4,000 jobs during the construction phase and would also help in furthering the climate goals by helping to develop hydrogen market.

The shares of the company closed at GBX 52.46 on 2 July.

JD Sports (LON: JD.)

The company on Monday announced transfer of ownership of DTLR Villa to the company’s US unit, Genesis Topco. The move was planned to align all the company’s US businesses under one entity to ease its expansion there.

The shares of the company closed at GBX 985 on 2 July.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next