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But Clive Black, an analyst at Shore Capital, welcomed Sainsbury's move: "I think it's potentially an outstanding manoeuvre.
Clive Black, retail analyst at City stockbroker Shore Capital, welcomed the chairman's departure because "a powerhouse of international retailing has been reduced to a rudderless corporate entity" on his watch.
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Governments increasingly pick and choose whom they trade with, what sort of capital they welcome and how much freedom they allow for doing business abroad.Special report The gated globe Railroads and hegemons Too much of a good thing Just in case In my backyard The hidden persuaders A question of trust What kind of capitalism?
The report calls for the City regulators to report to parliament in two years' time on a new regime to allow new banks to set up with less capital and welcomes the government's Damascene conversion to open up the payments system to new players.
Thousands of euphoric fans watched the trophy fall after packing into the Spanish capital to welcome the champions home.
He revealed one of the ambassador 'pods' from which the volunteers will base themselves at more than 40 key locations across the capital to welcome visitors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com