Grocery volumes ease as shoppers look to manage spending
28th Jun 2022 12:19
(Sharecast News) - Grocery volumes eased in June, industry data showed on Tuesday, as soaring inflation and the rising cost of living weighed heavily.
Read moreAnnual grocery bills to soar by £380 - Kantar
21st Jun 2022 10:43
(Sharecast News) - The average annual grocery bill is set to rise by nearly £400 this year, according to research published on Tuesday, as surging inflation continues to push up prices.
Read moreSainsbury's increases investment in Aldi price match
15th Jun 2022 15:00
(Sharecast News) - Sainsbury's said on Wednesday that it was increasing investment in its campaign to price match discount retailer Aldi as the cost-of-living crisis bites.
Read moreBerenberg lowers target price on Sainsbury's
13th Jun 2022 10:31
(Sharecast News) - Analysts at Berenberg lowered their target price on supermarket giant J Sainsbury from 285.0p to 235.0p on Monday, stating discretionary spending exposure had dampened the outlook for the stock.
Read moreSainsburys price investment to top £500m amid ongoing cost of living crisis
30th May 2022 11:04
(Sharecast News) - Supermarket giant Sainsbury's said on Monday that it was set to invest more than half a billion pounds to help customers with the ongoing cost of living crisis.
Read moreGrocery inflation hits 13-year high
24th May 2022 11:48
(Sharecast News) - Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis continued to mount.
Read moreUK shop price rises hit decade high - survey
3rd May 2022 09:26
(Sharecast News) - Prices in UK stores rose at their fastest pace for more than a decade in April as high energy prices and the war in Ukraine pushed up costs for suppliers and retailers, an industry survey showed.
Read moreSainsburys warns on profits as cost-of-living crisis, inflation bite
28th Apr 2022 07:01
(Sharecast News) - UK supermarket chain Sainsbury's warned of lower profits this year due to the impact of the cost-of-living crisis on consumers' disposable income and inflationary pressure.
Read moreGrocery inflation hits fresh high
26th Apr 2022 08:53
(Sharecast News) - Grocery price inflation continued to mount in April, research showed on Tuesday, to hit levels not seen in over a decade.
Read moreJefferies upgrades Sainsbury's to 'buy'
11th Apr 2022 07:43
(Sharecast News) - Analysts at Jefferies upgraded supermarket Sainsbury's from 'hold' to 'buy' on Monday after taking a fresh look at general retailers in the UK.
Read moreTesco gives below-inflation wage rise to shop workers
7th Apr 2022 15:30
(Sharecast News) - Tesco announced a 55p-per-hour pay rise for its supermarket staff on Thursday, bringing the UK's largest private employer into line with its discounter competitors in terms of pay.
Read moreGrocery inflation hits 10-year high
29th Mar 2022 10:21
(Sharecast News) - UK shoppers are increasingly turning to cheaper own brand products, industry data showed on Tuesday, as grocery inflation rose to a near decade high.
Read moreSunday newspaper round-up: Biden, Beer, Royal Mail
27th Mar 2022 19:59
(Sharecast News) - The White House clarified comments from Joe Biden who earlier had called for Russian President Vladimir Putin's ouster. In a speech delivered in Poland, Biden said: ""For God's sake, this man cannot remain in power." A spokesman for the White soon after stated that US leader was not talking about 'regime change'. "The president's point was that Putin cannot be allowed to exercise power over his neighbours or the region," the spokesman explained. - The Sunday Times
Read moreGrocery sales stabilise as challenges mount
8th Mar 2022 13:53
(Sharecast News) - UK grocery sales stabilised last month, industry research showed on Tuesday, as the sector continued to rebound from the worst of the pandemic.
Read moreSainsbury's to shut 200 in-store cafes
1st Mar 2022 12:43
(Sharecast News) - J Sainsbury is to cut around 2,000 jobs as part of a wide-reaching shake-up of its cafes and hot food counters.
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