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Epic & Msn data
Epic SBRY
Time: 16:35:12
Mid Price: 332.00
Change Today: -1.60 Descending
Change % Today: -0.48 Descending
Fifty Two Week High: 347.80
Fifty Two Week Low: 303.25
Market Capital: 6153.30
Period & price data
Period Price
Now: 332.00
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: LSE
Sector: General Retailers
Epic: SBRY
News: Latest news
Web Site: Sainsbury
Other Articles: 11-11-200907-10-200921-09-2009

Sainsbury

J Sainsbury plc is a United Kingdom-based company principally engaged in grocery and related retailing, and financial services.
Wednesday, June 17, 2009

Sainsbury plans to raise 445 million for growth, made strong start to current year

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J Sainsbury PLC (LSE: SBRY) announced plans to raise £445 million via a placing and a convertible bond offer and reported on trading for the first quarter, saying it has had a strong start to the new financial year.

The new funds will provide the group the financial flexibility to significantly grow its business further and faster, as it is now planning to grow space by 15 percent, equivalent to circa 2.5 million square feet, by March 2011.

Total sales for the 12 weeks to June 13 2009 were up 3.2 percent from the same period a year earlier, a 2.5 percent rise on a like-for-like basis.

Chief executve Justin King said: “While we expect the economic environment to remain challenging during 2009, our wide customer base and focus on great products at fair prices means we are well positioned to continue our progress.”

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