Sainsbury's kicks off £200m share buyback programme
26th Apr 2024 08:32
(Sharecast News) - Sainsbury's kicked off its share buyback programme on Friday, having announced it on 7 February, aiming to repurchase up to £200m of shares by the end of the current financial year.
Read moreLondon close: Stocks finish mixed as US GDP growth slows
25th Apr 2024 15:14
(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.
Read moreSainsburys sees strong profit growth this year on food pivot
25th Apr 2024 07:18
(Sharecast News) - UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.
Read moreShoppers clamber for deals as grocery inflation slows further
23rd Apr 2024 08:57
(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
Read moreLondon close: Stocks jump on weaker sterling, easing geopolitics
22nd Apr 2024 14:54
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read moreJefferies upgrades M&S, Next and Sainsbury's to 'buy'
22nd Apr 2024 11:33
(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.
Read moreLondon close: Stocks mixed as investors watch Middle East newsflow
19th Apr 2024 16:56
(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.
Read moreSainsbury's to axe 1,500 jobs in cost-cutting drive
29th Feb 2024 15:37
(Sharecast News) - Supermarket chain Sainsbury's said on Thursday that it's planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.
Read moreLondon close: Stocks slip as Barratt, Redrow announce merger
7th Feb 2024 15:00
(Sharecast News) - London's stock markets finished in the red on Wednesday, as investors digested fresh house price data as well as news of a big merger in the housebuilding sector.
Read moreSainsbury's to increase capex to drive profit leverage
7th Feb 2024 07:27
(Sharecast News) - Sainsbury's announced its 'Next Level Sainsbury's' strategy on Wednesday, aiming to drive profit leverage from sales growth.
Read moreHSBC upgrades Sainsbury's to 'buy'
6th Feb 2024 15:27
(Sharecast News) - HSBC upgraded Sainsbury's to 'buy' from 'hold' on Tuesday and lifted the price target to 310p from 300p as it took a look at European food retail.
Read moreLondon close: Stocks finish higher as US inflation cools
26th Jan 2024 16:21
(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.
Read moreJPMorgan Cazenove cuts Tesco, Sainsbury's price targets
26th Jan 2024 13:52
(Sharecast News) - Tesco and Sainsbury's were in the red on Friday after JPMorgan Cazenove cut its price targets on the shares, saying it remains cautious on the UK grocery space fundamentally, which based on its investor feedback "appears still to be a contrarian stance".
Read moreSainsbury announces shift away from banking activities
18th Jan 2024 07:19
(Sharecast News) - Sainsbury has announced a "phased withdrawal" from its banking operations as it continues to pursue its so-called 'Food First' strategy.
Read moreLondon close: Stocks slip as investors brace for US inflation
10th Jan 2024 15:23
(Sharecast News) - London stocks closed with losses on Wednesday, influenced by a pessimistic growth outlook from the World Bank and investors' attention to upcoming US inflation data.
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