Tesco to cut 800 jobs as it streamlines operations amid tough competition
Tesco said it hopes to improve efficiency with the job cuts, which will affect 1,700 employees
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.
790 stories · page 6 of 8
Investments and investor services
FTSE 100 closes in red amid low volatility
The FTSE 100 closed around 15 points lower - at 7,715
Food inflation helps UK grocers to deliver record Christmas sales but caution remains over general merchandise
Top spot in the Proactive grocer awards goes to Morrisons, while there was only real candidate for the wooden spoon – M&S
Tesco slides despite strong food sales driving it to record Christmas
Like Sainsbury’s on Wednesday, Tesco has told investors it enjoyed a record festive season with UK sales rising 2% in the month leading up to Christmas day
Sainsbury’s lifts full-year profit guidance after record Christmas sales
The supermarket giant said it expects full-year underlying profits to be “moderately ahead” of expectations as strong sales of its higher margin Taste the Difference products helped it to a record Christmas
Investments and investor services
FTSE 100 closes at new high as banks bolster the premier index
The UK blue chip index rose to a new record high on Wednesday
Eat my shorts: Morrisons gives short sellers a lesson after strong Christmas trading news
According to the website www.shorttracker.co.uk, Morrisons is the seventh-most shorted stock in the UK – meaning traders are betting that the share price is primed to fall - with some 11.5% of its shares on loan, according to publicly decla
J Sainsbury expected to report sluggish like-for-like sales growth for final quarter of 2017
Deutsche Bank expects Sainsbury’s will report a 0.4% gain in LFL sales from the year before, having revised this forecast down from its previous prediction of a 1.3% increase
FTSE 100 reaches new closing high with supermarkets in support
London's top tier index reached a new record high on Tuesday, led by supermarket shares
Archive
Wm Morrison set to start Christmas trading supermarket sweep
Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
FTSE 100 closes in red as Wall Street comes off recent highs
London's top tier index closed down nearly 28 points at 7,696
Archive
Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Aldi's 2017 sales top £10bn for the first time after record Christmas
Aldi plans to continue its expansion in the UK after opening 76 stores last year
Christmas trading at Sainsbury's and Morrisons could disappoint, says Deutsche Bank
Deutsche Bank said it thinks it’s best to sit on the sidelines with Morrisons and Sainsbury's, as it repeated a 'hold' rating and cut its target price on both stocks
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
FTSE 100 and FTSE 250 set new record highs on first trading day after Christmas
For the 29th year in the past 34, the blue chips have closed up on the first trading day after Christmas...
Sainsbury is fair value at the moment, says Kepler Cheuvreux
Margins in the core Sainsbury’s business should stabilise shortly, but Kepler still has concerns over Argos given the weak UK consumer market
Surprise trading update is just the job for Robert Walters
The trading update was short and sweet. Liberum responded by increasing its target price.
Grocers bagged as Goldman Sachs ups ratings for Tesco and Wm Morrison's
The US investment bank upped its stance for Tesco to ‘buy’ from ‘sell’, while boosting its price target from 155p to 220p (current price 201p)
Investments and investor services
FTSE 100 closes in red as big miners weigh
FTSE 100 closed around 11 points down, while the FTSE 250 dropped almost 65 points
The Co-op lands supply contract with Costcutter as supermarkets respond to P&H collapse
Supermarkets have kicked off contingency plans to stock their shelves after P&H, which delivers food, drink and cigarettes, went into administration
Cyber Monday: Amazon, BT and Argos among big brands to slash prices
Amazon is holding so-called ‘Lightening Deals’ while BT is offering discounts on broadband packages
Just Eat set to be promoted to FTSE 100 just three years after listing, but Merlin looks set to get the boot
Just Eat has seen its share price more than treble to 820p over the past three years, as it continues to deliver impressive order, revenue and user growth
FTSE 100 closes higher as pound firms; Shire top riser
The latest ONS data showed that retail sales grew 0.3% in October - ahead of the 0.1% economists had expected - which has boosted the blue chip retailers
Nisa members narrowly approve £143mln takeover by Co-op
The deal was backed by 75.8% of Nisa’s members at a meeting in Leeds
J Sainsbury more at risk than peers from downturn in UK economy, reckons Jefferies
Jefferies said the headline first half numbers were slightly ahead of consensus...
Sainsbury's on the back foot as it lowers interim dividend and posts profit decline
Sainsbury expects to deliver at least £500mln in cost savings over three years from fiscal year 2018/19
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
Archive
M&S to announce further store closures at first half results as clothing division struggles persist
The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
FTSE 100 closes at new record high as pound firms, US stocks gain
After a record close on Friday, Monday was always likely to get off to a slow start although it has picked up as the day has worn on...
Boss of Wal-Mart Stores’ UK chain Asda, Sean Clarke, to leave post at the end of the year
Asda’s current president and chief executive will be replaced by deputy chief executive, Roger Burnley, who joined Asda a year ago from rival UK supermarket chain J Sainsbury
Metro Bank third quarter profits surge as it continues expansion
Metro is preparing a bid for the package set up by RBS to help small and medium sized businesses
Sainsbury's to slash 2,000 jobs to cut costs as it competes with Aldi and Lidl
Sainsbury's is targeting cost savings of £500mln amid a supermarket price war
Morrisons does best of the big four as hard discounters continue to gain share
Aldi and Lidl collectively added an additional £390mln in sales in the third quarter, which accounts for half of the entire market’s overall growth this period
Investments and investor services
FTSE 100 ends in the red amid Brexit jitters and rise in UK inflation
The FTSE 100 index closed down 10.8 at 7,516 on the day
Lidl UK to open new warehouse in Peterborough as it continues rapid expansion
Lidl is to open its 15th and largest distribution centre in the UK, creating 500 jobs
M&S and Tesco ready meals supplier Bakkavor to float on London Stock Exchange
Bakkavor will float about 25% of its capital on the LSE in a deal that could value it at up to £1.5bn
FTSE 100 barely changed after PM's speech; Centrica slides
Not much happening among the blue-chips but Image Scan and Future were among the big movers in the small caps sector
Sainsbury's the only 'buy' as Berenberg sizes up the winners and losers in the UK grocery sector
The German bank warned of: “Slow market growth, market share losses in the supermarket channel and intensifying competitive and cost pressures will continue to restrict growth and margin expansion for Tesco, Sainsbury and Morrison”
FTSE 100 closes higher, boosted by weak sterling and Ferguson
The pound's weakness is the source of the Footsie's late strength
Archive
Healthier options expected to help drive growth at food-on-the-go specialist Greggs
Day ahead includes a trading update from food-on-the-go specialist Greggs PLC, and first half results from Ferguson PLC - the plumbing supplies group formerly known as Wolseley
Credit Suisse says Tesco is “most at risk” from Aldi and Lidl’s continued growth
Analyst Stewart McGuire says only 65% of Tesco stores have an Aldi or Lidl within two kilometres of them - the lowest percentage of the 'Big Four'
More price-cutting sees Aldi UK’s profits fall for third straight year
Aldi has been forced to respond as the so-called ‘big four’ fight back with price reductions of their own
UK supermarkets sales up by over 3% for sixth month, with Tesco again leading the ‘Big Four’
Kantar Worldpanel said its latest grocery market share figures showed an overall increase of 3.6% in sales for the 12 weeks to 10 September 2017, compared with the same period last year
Co-op enters exclusive talks to buy Nisa after Sainsbury's postpones potential bid
Nisa said talks with the Co-operative about a potential merger have been constructive and the two companies say they hope to progress matters quickly
Sainsbury's to expand Argos click-and-collect service as it responds to competition from Amazon
Sainsbury's will increase the number of Argos stores within its supermarkets as part of its expansion plan
FTSE 100 finishes in debit as Fed chair Janet Yellen stays mum on policy direction
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech
Lidl now UK’s seventh biggest supermarket, but ‘Big Four’ led by Tesco also seeing sales growth
The wet weather didn’t deter shoppers, with overall UK supermarket sales rising 4% year-on-year
Sainsbury's shelves planned Nisa takeover over competition concerns
J Sainsbury's wants to see how Tesco's planned Booker takeover plays out before restarting talks to buy Nisa
Sainsbury’s to axe more than 1,000 jobs as part of latest £500mln cost-cutting drive
The latest efficiency drive follows on from similar measures brought in last November and back in 2015
Argos workers plan three weeks of strikes over Sainsbury's cost cutting measures
Argos has insisted that customers will not be affected by a workers strike later this month
Asda's 2016 profits and sales dented by the rise of discounters Aldi and Lidl
Asda reported an 11.5% decline in full-year profits as it tackles mounting competition
Sainsbury's planned takeover of Nisa 'not conditional on retaining McColl's contract'
McColl's has fallen prey to speculation it could become a takeover target as UK supermarkets try to get a slice of the convenience market
B&M European Value Retail shares gain on Asda takeover bid speculation
Asda is said to believe buying B&M would reduce its reliance on food sales amid a supermarket price war in the UK
Aldi threatens to take larger slice of UK grocery market share with expansion plans
Tesco, Sainsbury, Morrison's and Aldi have been losing market share to discounters Aldi and Lidl
Sainsbury's former boss warns Brexit will mean rising food prices, less choice and poorer quality
Brexit has left UK consumers "completely in the dark" about the effect it will have on their weekly shop, Sainsbury's former chief executive has said
Grocery surprises in Sainsbury's quarterly sales beat, but Argos still doing the heavy lifting
Sainsbury’s surprised the market with an increase in first-quarter like for like sales, excluding fuel, of 2.3%, exceeding analysts’ expectations for a 1.9% rise
Sainsbury's rises as first quarter trading modestly beats forecasts, with grocery sales picking up
In a trading statement for the 16 weeks to 1 July, the FTSE 100-listed firm said its retail like-for-like sales rose by 2.3% excluding fuel, and were up 1.6% including fuel
FTSE 100 closes 19 down but Worldpay surges
With the US closed today, there is every chance UK traders should have taken the day off as well
Archive
It might be US Independence Day, but Sainsbury's update will combine Argos and supermarkets sales for first time
Day ahead: US Independence Day holiday; Sainsbury's trading update; finals from Imagination Technologies ...
Archive
Argos to put some zip into J Sainsbury
Week ahead, J Sainsbury, Non-farm payrolls, Ocado, Imagination Technologies
Singhsbury's store changes its name to Morrisinghs after Sainsbury's lashes out
Sainsbury's had threatened legal action against convenience store Singhsbury on claims of breaking copyright law
Tesco strong as UK supermarkets see highest sales growth in five years, driven by rising inflation
Kantar Worldpanel said overall supermarket sales rose by 5.0% in the 12 weeks to June 18, a stark contrast to the 0.2% decline seen this time last year
Tesco, Sainsbury's and Morrisons all set to trial ‘Uber-style’ surge pricing
Electronic labelling would allow stores to hike or lower prices at the press of a button
Archive
Conservatives reach deal with DUP to support minority government
Theresa May's Tories have agreed a pact with the DUP while Italy's government has committed up to €17bn to rescue two banks
Supermarket Income REIT set for £200mln London float next month
The company is looking to pay a whopping 5.5% dividend starting in October, with plans to grow it over the coming years
HSBC says sentiment towards UK food retailers after Amazon/Whole Foods Market seems to be "creating a self-fulfilling prophecy"
The bank's analysts pointed out that while there remains a fear of Amazon entering the UK, the food retail sector is likely to remain depressed
Investments and investor services
FTSE 100 ends higher on day Brexit negotiations begin
The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
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.
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.
Morrisons reports first profit growth in five years on turnaround efforts
The supermarket's restructuring has started to yield positive results but new chief executive David Potts said the turnaround has only just begun and warned of Brexit uncertainties
FTSE 100 stocks endure a refund as supermarket Morrison falls
FTSE 100 stocks bagged a net loss on Thursday after supermarket chain WM Morrison fell on an uncertain outlook
FTSE 100 shares soft but Randgold and small caps jump
FTSE 100 stocks ended lower with sombre Wall Street shares on Monday although gold miner Randgold Resources was the stand out gainer while small-caps scaled record highs
HSBC thinks it was a good Christmas for all the food retailers, with Tesco and Morrison's standing out
HSBC believes the gap between winners and losers in the sector is likely to widen, and repeated a ‘buy’ rating on sector leader, Tesco,
Archive
Trending: City confidence hits ‘crisis-era lows’
Glum traders, a naughty chairman and a Trump-ed bookie all feature in today’s Trending
At least it's not Asda: five reasons to check out of J Sainsbury
The City is divided on Sainsbury. Consensus is, it's basically a 'hold', and in this market, a 'hold' is a sell, right?
FTSE 100 shares swing but close below 7200
FTSE 100 shares swung on Friday but ended down 10 points and below 7200 as the 45th President of the United States was being sworn in
OptiBiotix brings on board experienced sales director
Christina Wood will join the board in due course subject to the necessary due diligence
Sainsbury's fails to win over bearish Goldman Sachs
Yesterday's better-than-expected trading update offers up a decent selling opportunity, in Goldman's view
Tesco fails to wow City with festive update with brokers suggesting the stock is fully valued
Traders appeared to give a shrug of shoulders and utter a collective ‘meh’ as the stock drifted 2.4% after a slightly-better-than-expected festive performance by the food retailer.
Tesco PLC shares weak reflecting some disappointment at Christmas sales mix
Tesco only saw its group like-for-like sales increase by 0.3% over the Christmas trading period, with 0.7% growth in the UK, but a 1.2% decline internationally.