Tesco and Morrison's best 'Big Four' players as all grocers again see sales grow with inflation rising
Grocery price inflation was up 2.9% year-on-year in the 12 weeks to May 21, from a 2.6% increase in the previous three month period.
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 29 of 40
Credit Suisse raises target prices for Tesco, Sainsbury's and Morrison's after revisiting bearish thesis
In a note to clients entitled ‘The re-invention test’, the Swiss bank’s food retail analyst, Stewart MacGuire pointed out that although market share declines continue, deep cost cutting has raised operating profits
Morrison's up as it reports sixth consecutive quarter of underlying sales growth
In a trading update for the 13 weeks to April 30, the FTSE 100-listed group said sales at stores open over a year, excluding fuel, rose by 3.4% in the period
Sainsbury's and Argos were unlikely bedfellows, but partnership looks to be working - at least for Argos!
John Ibbotson, director of the retail consultancy Retail Vision, commented: “What began as a bolt-on has turned into a lifeboat. For the embattled Sainsbury’s, the Argos acquisition is looking more inspired by the day”
Easter sugar rush: Kantar Worldpanel data shows all 10 major food retailers in growth for the first time in three-and-a-half years
Kantar Worldpanel’s latest data revealed that the overall grocery market has grown by 3.7% – the fastest rate since September 2013 - worth almost £1bn in additional sales
Sainsbury's weak as supermarkets sales continue to decline, although Argos provides an overall boost
Sainsbury’s group sales rose by 12.7% to £29.112bn, up from £25.829bn a year earlier, with like-for-like sales, excluding fuel, at the supermarkets business falling by 0.6%
FTSE 100 dragged lower as Brexit worries whirl; Sainsbury's weighs
The FTSE 100 closed 15.52 down at 7,234 with Sainsbury's and mining shares under pressure
Archive
Deterioration of conditions for grocers eyed in updates from Sainsbury and Ocado
Day ahead; J Sainsbury, Ocado, Imperial Brands, Paddy Power Betfair ...
Archive
HSBC may struggle to match rivals
HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
Supermarket sweep: Updates from Sainsbury's, Morrison's to be closely-eyed amid margin concerns
In an update in March, Sainsbury’s move to diverse from grocery with the acquisition of high street catalogue retailer Argos looked to be paying off as its total like-for-like sales grew by 0.3%
Tesco, Sainsbury's see sales decline in latest Kantar data, although Morrison's maintains recent recovery
In the 12 weeks ended March 26, Morrison’s achieved sales growth of 0.3% year-on-year, although its market share slipped to 10.4% from 10.5%
FTSE 100 finished higher as miners support; supermarkets weigh
FTSE set to rise by fifteen points when the market opens
Deutsche Bank sees Tesco and J Sainsbury going in opposite directions
Deutsche Bank moved Tesco to a ‘buy’ from ‘hold’, while it went in the opposite direction with Sainsbury.
FTSE 100 closes higher with retailer Next top riser
FTSE 100 was three points higher at 7,238, Next rises strongly.
Investments and investor services
FTSE 100 ends little changed as UK lines up on Brexit grid
The druggies and miners were on offer early on – although the movements were barely perceptible on a lacklustre Monday morning.
Analysts ponder Sainsbury’s future as troubles at core grocery arm persist
Given the continued struggles at Sainsbury's core grocery division, analysts wonder how much the supermarket will begin to rely on Argos to prop up the business
Sainsbury's reports quarterly decline in core supermarket sales amid fierce competition
Sainsbury's core supermarket business continued to struggle in the fourth quarter as the group contends with fierce competition and rising inflation following the Brexit vote
Investments and investor services
FTSE 100, 250 and smallcaps all mark record highs after Fed rate hike and cap
FTSE 100 stocks ended solidly higher on Thursday after chalking a fresh record high as investors reacted to a tempered rate hike outlook in the US and relief at the defeat of the anti-immigration Freedom party in the Dutch election
Archive
Fed fall-out, Dutch elections and Sainsbury's sales to provide food for thought
A rise is taken as read, and – assuming the Fed does not perform a triple Salchow with accompanying back-flip – the focus will be on the Fed’s commentary in its post-meeting statement.