Shares in focus: Can Sainsbury’s defy the doom-mongers?

The grocer is struggling, but the shares are a cheap source of income, says Phil Oakley.

Can things get any worse for the big supermarket chains? Their share prices have been hammered as they face up to what seems like a perfect storm.

Tesco has slashed its dividend and it's very likely Morrisons will too as both companies' profits tank. The stock market seems to think that Sainsbury’s future is almost as bleak.

If you have a look at the supermarket sector as a whole, it’s easy to see why investors are so downbeat.

According to the retail experts [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Paying by mobile

Why your phone will replace your wallet

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.