Sara Lee, the US-based food and beverage group, should see considerable margin expansion as the final stage of its multi-year restructuring programme unfolds. This will include divesting the home and personal care products division and savings of $400m by 2012, from IT outsourcing, centralised services and better procurement. If only half the benefits of the programme are attained, there is considerable upside to earnings.
| Sedol |
Type |
Price |
Date |
| 2217109 |
Buy |
USD 11.50
|
21/10/2009 |
|
