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Another Bad Day On The Ftse ( So Far )


TheCountOfNowhere
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It will take until February to spend it i understand, so ignore all this sh1te about bonuses and banksters from the malcontents that reside here.

That doesn't mean though come February you will see went it went, I suspect it is to provide a buffer against the potential calamitous break up of the euro.

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I thought QE benefits just end up in executive's pockets, a reward for cutting jobs thereby reducing costs and increase share price. Sainsburys share price taken a hammering, I bet the QE will give some nice pay increases for those poor fat cats.

Sainsburys share price did quite well in recent weeks didn't it?

They do a two curries and rice for £6 at their deli counter. For most of this Autumn they have had people queuing up and, I foolishly, would comment what a great deal it was. A month ago I went to curry counter and no queue - the deal had gone up from £6 to £7 and sales apparently fell off a cliff.

Went in last week and the deal was back down to £6. That is how tight this recession is for the supermarkets. I have to admit, drove 8 miles to my closest Asda last week and the prices were Lidl-like - much cheaper than either Tesco or Sainsburys. For a big shop the journey was worth it.

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Sainsburys share price did quite well in recent weeks didn't it?

They do a two curries and rice for £6 at their deli counter. For most of this Autumn they have had people queuing up and, I foolishly, would comment what a great deal it was. A month ago I went to curry counter and no queue - the deal had gone up from £6 to £7 and sales apparently fell off a cliff.

Went in last week and the deal was back down to £6. That is how tight this recession is for the supermarkets. I have to admit, drove 8 miles to my closest Asda last week and the prices were Lidl-like - much cheaper than either Tesco or Sainsburys. For a big shop the journey was worth it.

Its like 283p or something, I'm sure it was trading around the 320-330p mark before the recent nonsense. Couple of months ago a few people I work with were saying sainsburys was cheap at 311p and they were buying lol.

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Its like 283p or something, I'm sure it was trading around the 320-330p mark before the recent nonsense. Couple of months ago a few people I work with were saying sainsburys was cheap at 311p and they were buying lol.

They were down to about 260p back in Sept then went up to just over 300p on the back of good figures.

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Sainsburys share price did quite well in recent weeks didn't it?

They do a two curries and rice for £6 at their deli counter. For most of this Autumn they have had people queuing up and, I foolishly, would comment what a great deal it was. A month ago I went to curry counter and no queue - the deal had gone up from £6 to £7 and sales apparently fell off a cliff.

Went in last week and the deal was back down to £6. That is how tight this recession is for the supermarkets. I have to admit, drove 8 miles to my closest Asda last week and the prices were Lidl-like - much cheaper than either Tesco or Sainsburys. For a big shop the journey was worth it.

Amazing that a £1 increase had such a dramatic effect. Out of interest what does the local Indian charge? Was £7 close to what they charge and people thought sod it I'd rather have a proper take away?

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From the running Telegraph blog:

15.43 The Daily Telegraph's city editor, Richard Fletcher, points out on Twitter that we're heading for the longest losing streak in eight years unless the FTSE 100 picks up this afternoon:

Twitter The FTSE 100 is currently down 1.1pc. If it closes down it will be the eighth consecutive day of losses - the longest losing streak Jan 2003

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Its like 283p or something, I'm sure it was trading around the 320-330p mark before the recent nonsense. Couple of months ago a few people I work with were saying sainsburys was cheap at 311p and they were buying lol.

They must have been the smart money. :)

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Out of interest what does the local Indian charge? Was £7 close to what they charge and people thought sod it I'd rather have a proper take away?

The £7 would get you two of their curries and two rices - I think they have about 10 different curries to chose from and, of the supermarkets, they are about the best. Lots of singles used to buy them so when thy were 2 for £6 you got 2 meals out of that.

The local curry houses star about £7 for one curry and then about £2.50 for rice - that would feed a couple though.

I think that when the Sainsburys deal went to £7 they began to encroach on the local curry house prices which, for a few quid more, gets you a far superior real curry from the curry houses. But I think the extra £1 just put off loads of singles who used to buy the meals.

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http://www.telegraph.co.uk/finance/debt-crisis-live/8908615/Debt-crisis-live.html

17.08 A bit more detail on the FTSE 100 losing streak...

Its 1.29pc fall today marks the eighth consecutive drop, which has seen around £104 billion wiped off the UK's 100 most valuable companies. The last time a streak that long occurred was from January 15 to January 27 2003 (9 trading days) when the index lost 12.41pc.

Yeah for the recovery...

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The £7 would get you two of their curries and two rices - I think they have about 10 different curries to chose from and, of the supermarkets, they are about the best. Lots of singles used to buy them so when thy were 2 for £6 you got 2 meals out of that.

The local curry houses star about £7 for one curry and then about £2.50 for rice - that would feed a couple though.

I think that when the Sainsburys deal went to £7 they began to encroach on the local curry house prices which, for a few quid more, gets you a far superior real curry from the curry houses. But I think the extra £1 just put off loads of singles who used to buy the meals.

For the singles it works out at 50p a meal more, things must be tight if they couldn't pass that increase on. Although if you where on the dole that price increase might have made a take out meal too expensive.

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