Sainsbury

Their head office is expensive (very) but there was a study to look at relocating (last October) and at present the cost of relocating with all the systems work etc. etc. out-weighed the current overheads - No doubt this will be looked at again in the near future.

IMHO relocating now would be an unnecessary distraction from the primary aim of getting the company back on it's feet and is important but not urgent.

Share price seems to be reflecting the relatively buoyant christmas trading - let's wait and see what the christmas trading statement reveals (issued 12 Jan)

CM