Lidl attracts £58m more spending from big four grocers
17th Nov 2022 12:24
(Sharecast News) - Discount grocer Lidl claimed in an update on Thursday that British shoppers had switched £58m worth of spending from the 'big four' supermarkets - Tesco, J Sainsbury, Asda and Wm Morrison - to its cut-price aisles over the last month.
Read moreDirector dealings: FirstGroup CEO makes £75k investment
10th Nov 2022 15:26
(Sharecast News) - Passenger transport operator FirstGroup disclosed a share purchase made by its chief executive officer on Thursday, worth almost £75k.
Read moreShop price inflation hits fresh high
8th Nov 2022 07:37
(Sharecast News) - Grocery inflation has soared to a fresh record of nearly 15%, industry data showed on Tuesday, adding hundreds of pounds to annual shopping bills.
Read moreSainsbury's H1 profits fall despite revenue growth
3rd Nov 2022 07:02
(Sharecast News) - Supermarket chain Sainsbury's saw profits slump in the six months ended 17 September as cost of living pressures offset slightly improved revenues.
Read moreSainsbury's H1 profits fall despite revenue growth
3rd Nov 2022 07:02
(Sharecast News) - Supermarket chain Sainsbury's saw profits slump in the six months ended 17 September as cost of living pressures offset slightly improved revenues.
Read moreCredit Suisse reiterates negative view of UK food retail
6th Oct 2022 14:35
(Sharecast News) - Credit Suisse warned there was "no relief in sight" for grocers on Thursday, as it reiterated its negative view on the UK food retail sector.
Read moreLXi REIT abandons acquisition of Sainsbury's stores
26th Sep 2022 07:24
(Sharecast News) - LXi REIT said on Monday that it won't be going ahead with the £500m acquisition of 18 grocery store assets from Sainsbury's that was announced last week due to "market volatility".
Read moreLXi REIT agrees to buy store portfolio from Sainsbury's for £500m
22nd Sep 2022 07:39
(Sharecast News) - LXi REIT said on Thursday that it has exchanged contracts to buy 18 grocery store assets from Sainsbury's on a sale and leaseback basis for £500m.
Read moreSainsbury's agrees price for Highbury and Dragon investment vehicles
21st Sep 2022 10:49
(Sharecast News) - Sainsbury's said on Wednesday that it is in talks with LXi REIT to sell 18 supermarket stores for around £500m on a sale and leaseback basis and that if the deal goes through, it will use the proceeds to part-fund the acquisition of the 21 stores in the Highbury and Dragon investment vehicles.
Read moreLXi REIT in talks with Sainsbury's about £500m store portfolio acquisition
21st Sep 2022 08:04
(Sharecast News) - LXi REIT confirmed on Wednesday that it is in talks with Sainsbury's about the potential acquisition, on a sale and leaseback basis, of a portfolio of 18 grocery store assets for around £500m and said that this could be funded in part through an equity raise.
Read moreGrocery price inflation hits new record as shoppers hunt for bargains
13th Sep 2022 09:03
(Sharecast News) - Grocery price inflation reached a new record in August, according to fresh research released on Tuesday, with Britons further switching to cheaper lines and discount supermarkets.
Read moreGrocery bills mount as inflation surges - Kantar
19th Jul 2022 07:46
(Sharecast News) - Grocery inflation has rocketed to nearly 10%, industry data showed on Tuesday, as supply chain pressures continue to drive up prices.
Read moreSainsbury's shareholders vote against living wage policy
7th Jul 2022 15:32
(Sharecast News) - Sainsbury's shareholders voted on Thursday against committing to pay a real living wage by 2023.
Read moreSainsbury's Q1 sales fall 4% as cost-of-living crisis bites
5th Jul 2022 07:01
(Sharecast News) - UK supermarket chain Sainsbury's said first-quarter underlying sales fell 4% as consumers started to cut back on discretionary spending amid the cost of living crisis.
Read moreJP Morgan stays at 'underweight' on Sainsbury's
4th Jul 2022 10:23
(Sharecast News) - Analysts at JP Morgan Cazenove reiterated their 'underweight' rating on supermarket giant Sainsbury's on Monday and said there were still "several reasons to remain cautious" of the stock.
Read more