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Sainsbury's, Superdry, and Halfords to continue retail results trawl
Housebuilder Persimmon will also post a trading update, while the Bank of England will unveil its latest monetary policy decision
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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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Housebuilder Persimmon will also post a trading update, while the Bank of England will unveil its latest monetary policy decision
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In London, Footsie closed up 67.27 points higher on the day, or 0.92% at 7,369.69,
“The grocery market seems to have finally edged out from under the shadow of 2018 and tough comparisons with the strong summer sales of last year," Kantar said
Sales in the second quarter saw an uplift, with total sales up 0.1% and like-for-sales down 0.2%
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The House of Commons is due to sit from 11.30am on Wednesday after judges ruled that Boris Johnson's prorogation of parliament was unlawful
Sainsbury's did the best of the big four over the last 12 weeks but Lidl, Aldi - and for that matter the Co-op and Ocado - are still gaining ground.
Tesco continued its reign as the UK's biggest grocer, however along with Sainsbury's, Morrisons and Asda it lost ground to discounters Aldi and Lidl
“Every responsible business has potential succession plans for its CEO. This is nothing new,” a Sainsbury’s spokesperson responded
Last year’s heatwave meant us Brits forked out more on things such as beers, cider and ice cream, but with the weather much duller this summer, grocery sales have dropped
MIke Coupe was lambasted over the Sainsbury's recent lacklustre performance at Thursday's AGM.
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The Footsie finished down nearly six points at 7,603
The troubled CEO looks set for a pasting on Thursday as questions over strategy and executive pay are likely to bubble over
Sainsbury’s warned that retail markets remain “highly competitive and promotional and the consumer outlook continues to be uncertain”
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Footsie closed around 50 points higher at 7,609 on Wednesday
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A trading update from the blue-chip supermarket will be delivered in the shadow of the collapse of its planned merger with Asda
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The UK's premier share index closed around 73 points higher at 7,499, while FTSE 250 was also up - around 170 points to 19,632
Goldman's analysts said: “While we continue to expect both grocery and non-food earnings to be pressured, and sit below consensus EBIT and EPS for FY20-22E, the stock has materially underperformed peers"
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The Week Ahead will also bring updates from fellow blue-chips Associated British Food and Persimmon PLC, as well as the latest US payrolls report
The digital communications firm said trading at the start of the year had been as expected, with results from the “significant” changes at Archetype forecast for the second half
Kantar said a wet start to the summer, compared to last year’s heatwave, has dented supermarket sales