Company
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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Investments and investor services
At the close, the UK blue-chip index was 9.24 points higher at 6,721.17 just below the late session peak of 6,733.00 and well above the early low of 6,653.65
The bank said data from research body Kantar had reported a “significant slowing consumption trend in the four weeks up to 2 Decemberso-called”
Sainsbury’s and Asda had asked the CMA for an additional 11 working days over the Christmas period to respond to “a large amount of material recently provided to us”
The benchmark index also gets a boost from optimism over US-China trade talks
Justin King led the development of the M&S Simply Food convenience format during his time as director of food at the retailer
Asda was the only supermarket among the so-called ‘Big Four’ to maintain market share in the period, Kantar Worldpanel revealed
Findel maintained its guidance for the full year as it made a strong start to the second half on the back of record Black Friday sales
Archive
Mitie said its turnaround plan was delivering in line with plan in the second year of implementation
Britain’s largest department store chain reported that total sales in the week to 17 November had fallen 6.8% year-on-year, following from an 8.3% plunge the week before
Archive
The day ahead includes first half results from Royal Mail and a third quarter trading update from Bovis Homes
Female workers continue to march against discrimination in the workplace after a court ordered Lloyds to amend its pension schemes to make benefits equal for men and women
Aldi and Lidl have been taking market share from the four biggest supermarkets including Sainsbury's, Tesco, Morrisons and Asda
Tesco said it welcomes the Appeal Court's ruling and the "confirmation of our belief that ATMs should not be separately rateable"
Some investors have raised concerns about the complexity involved in combining two very different brands
Sainsbury's continues to expect full-year underlying profit to meet market forecasts
Investments and investor services
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Investments and investor services
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
With no signs of fierce competition letting up, Morrisons and Tesco have expanded into wholesale supply while Sainsbury’s is in the process of trying to merge with Asda
FTSE 100 closed marginally higher but mid-cap cousin FTSE 250 plunged nearly ten points.
Juul, headquartered in San Francisco, launched in the UK in July this year
