date:Jul 21, 2012
d was part of the group's ongoing financial management. We don't consider the fund raise to be an especially big deal as opposed to sound and necessary housekeeping. Additionally, we do not believe that the refinancing marks any change of strategy or signals corporate activity.
Jonathan Pritchard, from Oriel Securities, said:They are bottom of the pecking order in terms of Big Four like-for-like-sales growth. They need to get into the convenience market and onto online shopping.