'Weaker than expected' spending this Christmas forecast
The investment bank is cautious on Sainsbury and Marks and Spencer
Company
J Sainsbury PLC
LON:SBRY
J Sainsbury PLC is a United Kingdom-based company principally engaged in grocery and related retailing, and financial services.
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Asda rations eggs amid chicken shortages caused by avian flu
Many egg-producing farms have paused production or left the industry partially as they say supermarkets are not passing on the benefits of price rises
Christmas supermarket sales to fall but inflation will lift revenues, says NielsenIQ
Nielsen found that Christmas shopping started earlier this year, with 30% of shoppers starting spending in mid-October compared to 18% last year
Sainsbury’s numbers reassure about cost-of-living impact - broker
Shore Capital’s Clive Black said the grocery chain had “executed H1 FY23 well”,
Sainsbury's delivers solid set of interim results, maintains full-year profit guidance
For the 28 weeks ended 17 September 2022, the retailer saw its grocery sales rise by 0.2%, with strong growth in the second quarter of 3.8% as lockdown comparatives eased
Sainsbury’s to recruit thousands for Christmas as scrabble for staff intensifies
Sainsbury's intends to recruit 18,000 new workers for the Christmas period
Sainsbury's first-half profits likely at lower end of forecasts - analysts
Analysts at the bank kept their pre-tax profits for the year unchanged at £636mln
Asda blasted by GMB Union for slashing delivery driver's hourly pay
The premium was promised up until at least Christmas, but is being withdrawn on 21 October
Sainsbury's first half 'more than satisfactory' says broker
Kwasi Kwarteng’s budget will apply “some soothing cream,” with the reversal of National Insurance increases and the energy cap provided hopefully freeing up some cash for consumers
Sainsbury's moves to simplify its property ownership structure
The food retail giant is looking to increase its stake in the Highbury and Dragon investment vehicle by raising funds through the sale of 18 stores to LXi REIT.
LXi REIT confirms in talks to buy stores from J Sainsbury in £500mln deal
The sale and leaseback agreement would see LXi buying 18 stores in the south of England on a sale and leaseback arrangement.
Sainsbury's raises staff pay again, offers food perk as cost of living crisis bites
The company, the UK's second-largest grocer, said 127,000 hourly paid workers will get a 25p per hour increase from October 16, costing it £20mln, Reuters reported
Sainsbury’s to plough £65mln into prices in September to ease pressure on consumers
“These are difficult times and all of us at Sainsbury’s are standing with our customers to ease the financial pressure they face,” said CEO Simon Roberts
Sainsbury's weaker than Tesco in tough times, says JPMorgan
Quarterly updates across the sector support a positive outlook
Sainsbury's shareholders throw out Living Wage resolution
Its board advised investors to reject the UK's first resolution of its kind
Price of Lurpak butter nears £10 with inflation also hitting producers
Britain is currently facing the worst inflation in 40 years
Sainsbury's gets upbeat rating from Barclays despite sales dip
Grocery sales, compared to forecasts, were hit the hardest
Sainsbury's sales drop as it feels the heat of consumer belt-tightening
The chain was hoping that its latest investment in competitive pricing would have paid off, as consumer confidence continues to ebb
J Sainsbury quarterlies set for Tuesday’s spotlight
Sainsbury is the notable name in the diary for Tuesday.
Sainsbury's, M&S to face fresh backlash over wages this week
Shareholders will vote on the resolution calling for Sainsbury's to become a Living Wage accredited employer at its AGM on Thursday