Shares 

Supermarkets in bargain bin

Supermarkets in bargain bin

After a year of slowing sales and profit warnings, the UK's three big supermarket groups - Sainsbury (SBRY), Tesco (TSCO) and Morrison (MRW) - are likely to be glad to see the back of 2012. But 2013 is expected to bring little respite from the sector's long list of woes, which include a consumer spending malaise, food price inflation, rising operating costs, cut-throat competition and increased regulation. However, with PE ratios near 10-year lows and dividend yields flirting with 10-year highs (see table), the pain may already be in the price.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now