FTSE 100 closes firmly ahead as Wall Street closed
Britain's blue-chip benchmark closed up 64 points, or 0.89%, at 7,232 on the day
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.
782 stories · page 11 of 40
Week ahead: updates from Entain, Currys, Sainsbury's, as well as US jobs report
Other companies reporting in the week include ActiveOps, Augmentum Fintech, CML, Jet2, Kitwave, ReNeuron, Robert Walters, Supreme and Wood Group
Sainsbury's in race to compete on price
The UK’s leading supermarkets are in a race to compete on price, amid weak consumer confidence and high inflation
Sainsbury faces increased pressure to pay workers a living wage
New major investors have pledged to back the vote at next week's annual general meeting
Sainsbury’s CEO sees pay triple as shoppers face surging living costs
The supermarket chain is facing a vote at its AGM on 7 July brought by shareholders who want it to commit to paying a 'real living wage'
Sainsbury investors to vote on whether it should pay real living wage
The supermarket is being asked to show leadership and influence the wider sector
Pasta and crisps seeing biggest prices according to ONS
Across the 30 items there was considerable variation said the ONS
J Sainsbury cuts prices by £500mln as grocery battle intensifies
The company said it will cut prices of essentials and invest in the Quality and Aldi Price Match schemes.
UK Chancellor’s £15bn cost-of-living support is ‘drop in the ocean’, says Asda chairman
“There is still going to be continuing pressure and a lot of toughness for people,” said Stuart Rose
Sainsbury's cannot match Tesco, says Barclays
On a price/earnings basis, Tesco is seen as more expensive than Sainsbury, however
Sainsbury's said it is beating competitors in the ongoing price war as inflation continues to soar
Despite starting the year in a “good position financially,” the FTSE 100 retailer expects the next 12 months to be impacted by external pressures and uncertainties
Asda and Morrison latest food retailers to cut prices
Grocery inflation is currently at its highest level since 2012
Sainsbury to slash 2,000 jobs amid café closures next month
The UK’s second-largest supermarket will also close 34 of its less popular hot food counters and "simplify the way it runs its bakeries" in 54 stores
Asda drivers and warehouse staff may go on strike after turning down pay offer
The GMB union said Asda's "below inflation" pay offer of between 5% and 7.5% meant a "real terms pay cut"
Merry Xmas for retailers but expectations were not high and challenges remain
Perhaps more retailers are learning from the king of the beatable guidance, Next, which last week delivered another masterclass
Sainsbury's ups profit guidance after strong Christmas
The supermarket chain now expects full-year profits of £720mln, which is £60mln more than it had forecast previously
Sainsbury's hit by investor concerns about inflation and interest rates
Investors are looking for future growth – "and unfortunately Sainsbury isn’t at the top of the list", but takeover speculation still looms
Sainsbury's boosts half-year profits despite decline in second quarter sales
Like-for-like sales dropped 1.4% in the grocer's latest quarter
Archive
FTSE 100 makes bullish start to new week but ends off new pandemic peak
At the close, the UK blue-chip index was 51.05 points, or 0.7% higher at 7,288.62, below the day’s peak of 7,303.89 but well above the session low of 7,237.57
Sainsbury’s attempts to reassure customers over Christmas availability
There are widespread concerns that staff shortages and supply chain constraints will reduce the availability of popular Christmas products such as turkeys