FTSE 100 Index falls on bad news from Beijing
The FTSE 100 Index fell 46.39 points to 6255 in early trading
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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The FTSE 100 Index fell 46.39 points to 6255 in early trading
The FTSE 100 Index rose 6.7 points to 6291 in early afternoon trading
Investments and investor services
The Footsie took a small step back as Sainsbury's announced a first quarter sales fall
Supermarket chain's first quarter like-for-like sales fell 0.8% excluding fuel and by 1% including fuel
Supermarket group predicted to report a sales fall
The bank says the stock appears affected by downward momentum as underlying sales are falling at a crucial time.
The FTSE 100 Index closed 24.02 points up at 6209.63
Tesco racked up the smallest fall in sales among the UK’s “big four” chains in the last three months
The FTSE 100 Index kept most of its early gains, standing 33.8 points ahead at 6253 by lunchtime
Results from Sainsbury disappointed while BHP Billiton tumbles after it emerged penalties associated with the Samarco dam disaster could be heavier than anticipated.
Major share price risers and fallers in London at 4pm
“Ongoing pricing pressures and food price deflation have impacted our sales and operating margins.
Sainsbury's reports a 14% fall in profits, while Next suffers too, Forbidden Technologies shares go higher
Sainsbury's is the next of the 'Big Four' supermarkets to reveal its financial results.
As if the UK retail sector hadn't had enough coverage last week, it's now the turn of Sainsbury's....
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Investors are reluctant to factor in the boost to earnings of the Argos acquisition for UK supermarket giant Sainsbury, reckons heavyweight broker Deutsche, which has upgraded the grocer.
The City's message appeared to be "nice work so far, but more to do"
Life sciences company boosted gross product revenue by 154% to $7.1mln
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After the bell, J. Sainsbury confirmed it would be pulling the trigger on its bid for Argos-owner Home Retail group.