Sainsbury’s to plough £65mln into prices in September to ease pressure on consumers
“These are difficult times and all of us at Sainsbury’s are standing with our customers to ease the financial pressure they face,” said CEO Simon Roberts
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.
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Sainsbury's weaker than Tesco in tough times, says JPMorgan
Quarterly updates across the sector support a positive outlook
Sainsbury's shareholders throw out Living Wage resolution
Its board advised investors to reject the UK's first resolution of its kind
Price of Lurpak butter nears £10 with inflation also hitting producers
Britain is currently facing the worst inflation in 40 years
Sainsbury's gets upbeat rating from Barclays despite sales dip
Grocery sales, compared to forecasts, were hit the hardest
Sainsbury's sales drop as it feels the heat of consumer belt-tightening
The chain was hoping that its latest investment in competitive pricing would have paid off, as consumer confidence continues to ebb
J Sainsbury quarterlies set for Tuesday’s spotlight
Sainsbury is the notable name in the diary for Tuesday.
Sainsbury's, M&S to face fresh backlash over wages this week
Shareholders will vote on the resolution calling for Sainsbury's to become a Living Wage accredited employer at its AGM on Thursday
FTSE 100 closes firmly ahead as Wall Street closed
Britain's blue-chip benchmark closed up 64 points, or 0.89%, at 7,232 on the day
Week ahead: updates from Entain, Currys, Sainsbury's, as well as US jobs report
Other companies reporting in the week include ActiveOps, Augmentum Fintech, CML, Jet2, Kitwave, ReNeuron, Robert Walters, Supreme and Wood Group
Sainsbury's in race to compete on price
The UK’s leading supermarkets are in a race to compete on price, amid weak consumer confidence and high inflation
Sainsbury faces increased pressure to pay workers a living wage
New major investors have pledged to back the vote at next week's annual general meeting
Sainsbury’s CEO sees pay triple as shoppers face surging living costs
The supermarket chain is facing a vote at its AGM on 7 July brought by shareholders who want it to commit to paying a 'real living wage'
Sainsbury investors to vote on whether it should pay real living wage
The supermarket is being asked to show leadership and influence the wider sector
Pasta and crisps seeing biggest prices according to ONS
Across the 30 items there was considerable variation said the ONS
J Sainsbury cuts prices by £500mln as grocery battle intensifies
The company said it will cut prices of essentials and invest in the Quality and Aldi Price Match schemes.
UK Chancellor’s £15bn cost-of-living support is ‘drop in the ocean’, says Asda chairman
“There is still going to be continuing pressure and a lot of toughness for people,” said Stuart Rose
Sainsbury's cannot match Tesco, says Barclays
On a price/earnings basis, Tesco is seen as more expensive than Sainsbury, however
Sainsbury's said it is beating competitors in the ongoing price war as inflation continues to soar
Despite starting the year in a “good position financially,” the FTSE 100 retailer expects the next 12 months to be impacted by external pressures and uncertainties
Asda and Morrison latest food retailers to cut prices
Grocery inflation is currently at its highest level since 2012
Sainsbury to slash 2,000 jobs amid café closures next month
The UK’s second-largest supermarket will also close 34 of its less popular hot food counters and "simplify the way it runs its bakeries" in 54 stores
Asda drivers and warehouse staff may go on strike after turning down pay offer
The GMB union said Asda's "below inflation" pay offer of between 5% and 7.5% meant a "real terms pay cut"
Merry Xmas for retailers but expectations were not high and challenges remain
Perhaps more retailers are learning from the king of the beatable guidance, Next, which last week delivered another masterclass
Sainsbury's ups profit guidance after strong Christmas
The supermarket chain now expects full-year profits of £720mln, which is £60mln more than it had forecast previously
Sainsbury's hit by investor concerns about inflation and interest rates
Investors are looking for future growth – "and unfortunately Sainsbury isn’t at the top of the list", but takeover speculation still looms
Sainsbury's boosts half-year profits despite decline in second quarter sales
Like-for-like sales dropped 1.4% in the grocer's latest quarter
Archive
FTSE 100 makes bullish start to new week but ends off new pandemic peak
At the close, the UK blue-chip index was 51.05 points, or 0.7% higher at 7,288.62, below the day’s peak of 7,303.89 but well above the session low of 7,237.57
Sainsbury’s attempts to reassure customers over Christmas availability
There are widespread concerns that staff shortages and supply chain constraints will reduce the availability of popular Christmas products such as turkeys
J Sainsbury brings forward its net zero emissions target date by five years
The supermarket group said it plans to reach net-zero emissions by 2035 and is exhorting its suppliers to work harder to cut their carbon footprints, too
Sainsbury's ends talks over sale of bank
The supermarket revealed last November that had been received expressions of interest in Sainsbury's Bank
'Russia's Google' threatens supermarket status quo with London ultrafast launch
Four “dark stores” have opened in London to service the demand.
Short Sainsbury's says JP Morgan as ultrafast delivery poses serious threat
“Major changes are about to come in consumer grocery shopping patterns"
Sainsbury offers £500 bonus in bid to attract lorry drivers for Christmas
The supermarket group is recruiting 22,000 temporary staff over the festive season
Will supermarkets be the big winners in the electric vehicle revolution?
The practical economics of electric vehicle charging on a mass scale have yet to be decided
Sainsbury's gains on reports of defence building for potential takeover
The grocer's shares hit a multi-year high last month amid mounting takeover speculatioin
Sainsbury disposal of bank makes sense, says broker
Sainsbury's Bank is clearly sub-scale says Shore Capital
Sainsbury's hits seven year high on takeover chatter
The grocer is an obvious target for private equity suggest analysts
Sainsbury’s could be next target for private equity interest – report
US buyout firm Apollo is said to be exploring the possibility of a bid for Sainsbury’s
Pingdemic: UK plans daily COVID-19 tests for food sector to curb staff shortages
Under the new rules, food industry workers will be able to keep working provided they continue to test negative for COVID-19, rather than having to isolate for 10 days
Ultra-fast delivery startups are major threat to grocery landscape, says JP Morgan
Already this sub-industry is “highly crowded”, the analysts noted, but many are well-funded and rolling out their operations in the dense major cities
Sainsbury's focused on strategy rather than potential takeover, says boss
Simon Roberts told reporters there was “nothing to update” on regarding bid approaches to the FTSE 100 group
Sainsbury's expects huge full-year profit surge even with trading returning to pre-pandemic patterns
Sales in the first quarter were ahead of expectations as the grocer focuses on new launches and price reduction initiatives
Sainsbury's will gain if discounter roll-out slows says Credit Suisse
Lidl wants to open around 140 more new stores by 2023, whilst Aldi is targeting 280 by 2025.
Archive
Sainsbury's and Ocado key updates in coming week, macro diary to feature UK GDP
The diary will also feature news from housebuilders Vistry and Persimmon as well as package holiday provider and airline Jet2 and bookmaker Entain
Morrisons is on private equity's shopping list; could Sainsbury's be next?
A trawl through book-to-asset-value ratios suggests a lot of well-known London-listed companies are cheap, while it is rumoured that private equity firms have cash burning holes in their pockets
Sainsbury's earnings momentum nearing its peak, says broker
Analysts at Jefferies said while the supermarket's Argo business had driven its recent outperformance, they expected this momentum to "worsen" going forward
Sainsbury's most under threat from Big 4 competitors, says JP Morgan
Discounters are also a big threat in their key areas of expansion, such as London
Sainsbury's appoints former John Lewis boss to spearhead drive upmarket
Nickolds worked for John Lewis for 25 years after starting as a graduate trainee
Sainsbury's slumps to FY loss as COVID-19 and restructuring charges bite
Underlying profit before tax in the financial year to March 2022 is expected to be well above March 2020 levels
Sainsbury's takeover speculation swirls as billionaire ups stake
Czech investor owns 9.99% of supermarket group after latest share purchase
Jefferies more confident that Sainsbury’s can deliver against high expectations
The supermarket grocer can grow profits by 8%, Jefferies says.
Sainsbury's, Asda to continue paying business rates in full
The grocers issued a statement following Rishi Sunak's Budget announcement
Sainsbury launches price-match but UBS says discounter threat to Big Four 'past its peak'
The Big Four have enjoyed an extra boost from online shopping during the pandemic, which the discounters have missed out on
Mid-caps hit hardest as coronavirus sends dividends tumbling 44% in 2020
Banks and other financial services groups accounted for two-fifths of the cuts
J Sainsbury may still need the blockbuster deal (that Asda wasn't)
I wish it could be Christmas every day ... the supermarkets probably do. They probably don't even mind the lockdowns. The sector remains fiercely competitive, however.
Sainsbury's benefits from stay-at-home Christmas orders
Customers treated themselves with premium products and placed more online orders compared to previous years
Archive
FTSE 100 closes ahead as bulls outweigh bears; Sainsbury's is top riser
The UK's top share index closed up around 15 points at 6,856 on the day
Frasers Group leads shop owners lower after Tier-4 and port blows
Many shops will also be choc-a-bloc with Christmas stock and unable to open before the New Year.
J Sainsbury joins Tesco in risking reputation over dividend stance
On the other side of the coin, one analyst thundered that "it is absolutely right for the group to look after its retail and pension fund shareholders in particular too through this pandemic and to think otherwise is both myopic and detache
Sainsbury brings back dividend and staff bonus as cash surges in first half
Digital sales more than doubled, with online grocery sales up 102% and Argos even higher
AstraZeneca COVID-19 vaccine will be in spotlight as drug maker reports on Q3
AstraZeneca releases third-quarter results on Thursday whilst Sainsbury and AutoTrader also feature in the diary.
Archive
FTSE 100 adds more points; Wall Street steps up in election anticipation
The UK index of big caps advanced 80 points to 5,657 before close
Lone Star Funds quits bidding war to snap up Asda, two suitors left
Apollo Global Management and TDR Capital are two other private equity groups seeking to buy a large stake in the grocer
Builders and building materials
Asda's private equity suitors battle for 'air rights' above supermarkets - reports
Around 150,000 homes could be built in London above or alongside existing supermarkets, according to one property sector analyst
Argos catalogue to be scrapped after 48 years
With around 10mln copies printed at the height of its popularity, the catalogue at one point was the most widely printed publication in Europe
Coronavirus: UK prepares to mask up as new face covering rules come into force
From Friday shoppers will need to cover their faces in shops, banks and takeaways or face a £100 fine
Sainsbury's grocery sales growth slows but Argos improves over first quarter
Weekly online grocery sales more than doubled in recent weeks and the SmartShop self-scanning tool now accounts for more than half of sales in some supermarkets
Archive
FTSE 100 closes in red after volatile session as health fears weigh
The UK's index of leading shares finished in the red to the tune of nearly 12 points, or 0.19%, to close at 6,157
Archive
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
J Sainsbury sees grocery sales surge but warns rising costs will hit profits by £500mln
Sainsbury's is assuming lockdown restrictions will ease by June but the disruption will continue until mid-September.
Ocado and Sainsbury's enjoy biggest spending boost from coronavirus lockdown
Total grocery market growth of 5.5% over the past four weeks compared to the 20.6% that Kantar reported a month ago
Sainsbury's bans couples from shopping together, lifts limits on most items
The grocer is also building further protections for staff and adding slots for online shopping
Sainsbury's and Tesco lead the way as coronavirus drives record month for supermarkets
Sainsbury's, Marks & Spencer's food business and Ocado seemed to have done the best in the sector
Sainsbury's begins rationing groceries, welcomes government rates holiday
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 to save £500mln from government's business rate holiday
Sainsbury’s total UK business rates bill was £567m in 2019, of which £500mln related to its stores.
Supermarkets to cut services to cope with coronavirus-affected staff
“What (products) we can and can’t get is the least of current challenges,” an industry source told Reuters
Coronavirus pandemic boosts supermarket hand sanitiser sales by 255%
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
Sainsbury’s Bank chairman steps down
The news comes a month after the group's chief executive Mike Coupe announced his retirement
As Sainsbury's makes its green pledges, smaller-caps need to act to remain attractive, say experts
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
Sainsbury's commits £1bn to reach net-zero emissions by 2040
The FTSE 100-listed grocer said the £50mln annual investment will not hit plans to reduce net debt
Sainsbury's: No quick fixes for new broom Simon Roberts
“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”
Sainsbury's boss Mike Coupe steps down nine months after merger failure
Simon Roberts, currently the grocer’s retail and operations director, has been selected to be the new CEO
Sainsbury’s failed Asda merger has put it on the road to becoming an income stock, says analyst
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
Sainsbury's sales slide in ‘golden quarter’, however online growth offers silver lining
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%
Archive
Argos key for festive joy on Wednesday as Sainsbury's delivers Christmas update
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
Sainsbury's teams up with Australia’s Coles in wholesale deal
Coles will access the FTSE 100-listed retail giant's supply chain to expand its own-brand range beginning next year
Sainsbury's statutory interim profits fall 92%
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
Archive
FTSE 100 closes in green as US, China trade situation lifts mood
Footsie closed up 9.76 points at 7,406.41. The intraday high was 7,431.94
Archive
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
Archive
FTSE 100 closes higher as Wall street surges on trade deal hopes
In London, Footsie closed up 67.27 points higher on the day, or 0.92% at 7,369.69,
Supermarket sales grow again; J Sainsbury returns to growth
“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
Sainsbury's ends mortgage sales, eyes cost cuts from store closures
Sales in the second quarter saw an uplift, with total sales up 0.1% and like-for-sales down 0.2%
Archive
Sainsbury's and Boohoo show their wares on Wednesday
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 resists the German invasion as supermarket sales return to year-on-year growth
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.
Kantar data reveals flat supermarket sales for summer, Sainsbury's best performer in ‘big four’
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
Sainsbury's shares gain on reports of CEO Mike Coupe's replacement
“Every responsible business has potential succession plans for its CEO. This is nothing new,” a Sainsbury’s spokesperson responded
UK grocery sales fall for first time in three years as alcohol and ice cream sales plunge
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
Sainsbury's boss Mike Coupe backed for re-election despite botched Asda deal
MIke Coupe was lambasted over the Sainsbury's recent lacklustre performance at Thursday's AGM.
Investments and investor services
FTSE 100 closes a shade lower as markets uninspired; US celebrates Independence Day holiday
The Footsie finished down nearly six points at 7,603
Sainsbury’s boss Mike Coupe set to face a frosty reception at tomorrow’s AGM
The troubled CEO looks set for a pasting on Thursday as questions over strategy and executive pay are likely to bubble over