Sainsbury's holds guidance as volumes boost Christmas sales
10th Jan 2024 07:01
(Sharecast News) - Shares in Sainsbury's fell on Wednesday after a broadly-upbeat Christmas trading update did not include any upgrade to full-year forecasts despite like-for-like sales at the UK supermarket chain rising 7.4% in the key trading period.
Read moreWednesday preview: Bitcoin, Sainsbury in the spotlight
9th Jan 2024 13:48
(Sharecast News) - The economic agenda will be sparse in the middle of the week.
Read moreLondon close: Stocks fall amid rising geopolitical concerns
3rd Jan 2024 17:48
(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.
Read moreLondon close: Stocks firmer as US payrolls beat forecasts
8th Dec 2023 17:42
(Sharecast News) - London's financial markets closed positively on Friday as investors digested the latest non-farm payrolls report out of the United States.
Read moreGoldman upgrades Sainsbury on market share gains and pricing power
8th Dec 2023 08:07
(Sharecast News) - Shares in J Sainsbury jumped on Friday after analysts at Goldman Sachs upgraded their rating on the supermarket stock on the back the company's strengthened position amid an improving inflation outlook.
Read moreLondon close: Stocks gain as investors await Powell speech
9th Nov 2023 15:02
(Sharecast News) - London's stock markets were buoyant at the close of trading on Thursday, influenced by Chinese inflation data, a substantial influx of corporate news, and a speech from the Fed chair later in the global day.
Read moreLondon close: Stocks rise as BoE keeps rates steady
2nd Nov 2023 15:12
(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.
Read moreSainsbury's boosts full-year guidance as sales jump
2nd Nov 2023 07:01
(Sharecast News) - J Sainsbury boosted its full-year outlook on Thursday, after strong grocery sales throughout the first half.
Read moreUK grocery inflation slows, Aldi and Lidl take more market share
12th Sep 2023 08:18
(Sharecast News) - Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.
Read moreSainsbury's sells its mortgage book to the Co-operative Bank
11th Aug 2023 15:17
(Sharecast News) - Grocery giant J Sainsbury announced on Friday that its financial subsidiary, Sainsbury's Bank, has sold its mortgage portfolio to the Co-operative Bank in a cash transaction worth £464m.
Read moreSainsbury's holds guidance as sales rise
4th Jul 2023 07:03
(Sharecast News) - UK supermarket chain Sainsbury's reported an 11% rise in grocery sales in the four months to June 24 and maintained annual guidance as it said food inflation was showing signs of falling.
Read moreSunday share tips: Sainsbury's, Thor Exploration
2nd Jul 2023 15:05
(Sharecast News) - The Sunday Times's Lucy Tobin recommended Sainsbury's to readers in anticipation that the recent warm weather that had boosted fashion retailers' toplines likely also benefitted the grocer.
Read moreShoreCap says Sainsbury valuation multiples 'undemanding'
28th Jun 2023 13:39
(Sharecast News) - ShoreCap analysts labelled Sainsbury's current valuation "undemanding", going on to add that its 5% dividend yield was "attractive".
Read moreGrocery price inflation eases to slowest monthly rate this year - Kantar
20th Jun 2023 10:10
(Sharecast News) - Grocery price inflation has eased to its lowest monthly level this year, according to industry data released on Tuesday.
Read moreRegulator raps Asda and Sainsbury over land breaches
13th Jun 2023 11:32
(Sharecast News) - The regulator has reprimanded Asda and J Sainsbury over "unlawful, anti-competitive" land agreements, it was announced on Tuesday.
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