Summary
AS the former science minister, Lord (David) Sainsbury is still technically covered by the ministerial code on business dealings. His shares in the supermarkets group are managed by Judith Portrait, trustee of the family trust. She decides to sell 40 million shares, netting him Pounds 176 million. The sale also makes the Sainsbury family no longer the biggest shareholder in the group that bears their name, and which their ancestors founded. Portrait doesn't tell his lordship what she is doing. Of course, she doesn't. City Spy believes her and him. Honestly, there can be no question of even the weeniest discussion taking place.
SWEET that City analysts chose to believe that Sainsbury and Portrait stuck rigidly to the rules, to dampen down speculation that a bid could be coming.See the full content of this document
Extract
Cityspy
IS the Sainsbury's move a sign of a new beginning from the private equity boys - at least on this side of the Pond?
In the US, they've lo...See the full content of this document
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