Tony Cross, market analyst and CEO of Monk Communications, joined Tip TV today to look over the weekend newspaper headline.
Greece event risk dying down… for now
Cross began by commenting that a bit of normality has arisen within the Greek situation amongst the possibility of a future election, with markets benefiting but largely sanguine. Meanwhile, in the short-term, Merkel remains adamant on no Greek haircut, but may consider debt relief.
BT Group PLC (LONDON:BT) threatens legal action to halt Openreach sell-off
Ofcom has recently stated that competitors have complained that Openreach’s performance has been poor. Cross believes the likes of Sky and Vodafone (LONDON:VOD) will be exposed as a result. Furthermore, BT owns the infrastructure for the country’s communication network, and this can potentially be leveraged to pressure peers and exert a competitive advantage.
Sainsbury’s threatened as discount stores grow
For the past 10 years, large supermarkets have dominated the market, such as J Sainsbury (OTC:JSAIY) PLC (LONDON:SBRY)’. However, Cross believes this era has come to an end with the rise and growth of smaller discount stores and online shopping, which provide a very similar quality of good, but at significantly lower prices. With the likes of Amazon (NASDAQ:AMZN) eyeing the grocery market, he feels that big brand UK grocers days could be numbered.