Sainsbury's Shares Down

Sainsbury's have today announced plans to expand and grow, by selling shares and bonds up to a value of GBP 445 million. This will raise the necessary funds to grow the already successful business.

But while there is nothing to worry about where the strength of Sainsbury's is concerned - after all, they have beaten Tesco in the period up to 13th June and have recorded sales up by over 7 per cent - shares in the supermarket have gone down in this morning's trading. Tesco shares have remained much the same.

Overall, savvy shares traders will know to keep their shares and enjoy the fact that Sainsbury's as grown despite recession and the global downturn.