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Sainsbury's, UK and US manufacturing PMI on the cards as July begins
The latest US ADP payrolls report and Federal Reserve minutes are also out on Wednesday
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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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The latest US ADP payrolls report and Federal Reserve minutes are also out on Wednesday
Sainsbury's is assuming lockdown restrictions will ease by June but the disruption will continue until mid-September.
Total grocery market growth of 5.5% over the past four weeks compared to the 20.6% that Kantar reported a month ago
The grocer is also building further protections for staff and adding slots for online shopping
Sainsbury's, Marks & Spencer's food business and Ocado seemed to have done the best in the sector
The supermarket group said it is changing the way its supermarkets operate to cope with the impact of coronavirus, including allowing only elderly and vulnerable customers to shop in the first hour of trading from Thursday onwards, and rati
Sainsbury’s total UK business rates bill was £567m in 2019, of which £500mln related to its stores.
“What (products) we can and can’t get is the least of current challenges,” an industry source told Reuters
Sales for the UK's grocery market as a whole rose 0.7% in the 12 weeks to 23 February, with Sainsbury's the only 'big four' supermarket to increase its market share
The news comes a month after the group's chief executive Mike Coupe announced his retirement
Experts say small caps often do not provide enough data to allow stakeholders to assess financial risk against ESG issues, while some end up greenwashing
The FTSE 100-listed grocer said the £50mln annual investment will not hit plans to reduce net debt
“It is fair to say that Coupe had an easy job and it seems unlikely that his successor Simon Roberts will be able to lay his hands on any quick fixes”
Simon Roberts, currently the grocer’s retail and operations director, has been selected to be the new CEO
Shore Capital's Clive Black is expecting the FTSE 100 grocer to focus on paying a healthy dividend and investing in existing stores rather than opening new ones
The FTSE 100 grocer reported like-for-like sales including fuel had fallen 1.1% in the 15 weeks to 4 January, with total retail sales down 0.9%
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Mid-week will also bring a trading update from bakery chain Greggs in the wake of the launch of a meat-free version of its popular steak bake
Coles will access the FTSE 100-listed retail giant's supply chain to expand its own-brand range beginning next year
Underlying profit before tax fell 15% due to due to higher marketing costs, worse weather compared to last year and the timing of cost-cutting
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Footsie closed up 9.76 points at 7,406.41. The intraday high was 7,431.94