Supermarket giant Sainsburys has made a rare appearance in the top ten investment buys list from TD Waterhouse .
The asset management firm's clients pushed the retailer into eighth position this week after its share prices fell 3.3 per cent due to a reported reduction of sales growth between the first two quarters of the year.
However, TD Waterhouse believes that the stop off in the top ten will be a brief one for Sainsbury's as it also announced that non-food sales are increasing at three times the rate of groceries .
Angus Rigby, chief executive officer at TD Waterhouse, said: "Our customers looked to Sainsbury's for a bargain this week, which made a rare appearance in our popular trades tables reaching eighth place in the top ten buys."
Recent research by Prudential showed that one in four people will not be making investments into the stock market any time soon, claiming they do not have enough confidence in equities to part with money at the moment.
Sainsburys makes top ten investment buys
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Sainsburys makes top ten investment buys
Fri, 16 Oct 2009
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