Sainsbury's appoints former RBS exec Jim Brown as bank boss
11th Jun 2019 07:58
(Sharecast News) - Sainsbury's has appointed former RBS executive Jim Brown as chief executive officer of its banking unit.
Read moreBank of America ML downgrades Sainsbury's to 'neutral'
8th May 2019 12:32
(Sharecast News) - Bank of America Merrill Lynch downgraded its stance on shares of Sainsbury's to 'neutral' from 'buy' on Wednesday, cutting the price target to 235p from 350p.
Read moreWednesday broker round-up
8th May 2019 12:16
(Sharecast News) - Sainsbury: BofA Merrill Lynch downgrades to neutral with a target price of 235p
Read moreDirector dealings: Sainsbury's CEO ups stake following failed Asda deal
1st May 2019 09:18
(Sharecast News) - Sainsbury's chief executive Mike Coupe acquired 100,000 ordinary shares in the supermarket chain on Wednesday, upping his stake to 1.7m in the process.
Read moreSainsbury's Coupe says he will stay after Asda deal fails
1st May 2019 07:06
(Sharecast News) - Sainsbury's boss Mike Coupe said he intended to stay in the job following his failed attempt to buy Asda as costs related to the deal contributed to a fall in annual profit.
Read moreHot Easter helps drive stronger UK grocery sales, Kantar says
30th Apr 2019 08:05
(Sharecast News) - Grocery sales growth increased in the past three months as warm weather prompted shoppers to spend a record £2.5bn during the Easter week.
Read moreCMA blocks Sainsbury's-Asda merger
25th Apr 2019 07:16
(Sharecast News) - The Competition and Markets Authority has blocked Sainsbury's proposed £10bn merger with Asda on the basis that it would leave shoppers worse off.
Read moreBritish Land sells 12 Sainsbury JV superstores for £429m
23rd Apr 2019 07:04
(Sharecast News) - British Land said it was selling 12 superstores from its joint venture with Sainsbury's for £429m to Realty Income Corp, representing a net initial yield of 5% as the company rebalanced its portfolio.
Read moreFTSE 100 movers: NMC reinvigorated, Hikma hamstrung
2nd Apr 2019 14:37
(Sharecast News) - London's FTSE 100 index was 1.13% higher at 7,400.29 in afternoon trade on Tuesday, as it followed Wall Street's push higher with Middle East focused healthcare chain and distribution business NMC Health leading the way.
Read moreAsda and Aldi overtake supermarket rivals - Kantar
2nd Apr 2019 08:03
(Sharecast News) - Asda moved up to become the second largest supermarket in Britain in recent weeks, while discounter Aldi overtook Morrisons in terms of shopper numbers.
Read moreSainsbury's and Asda offer to sell up to 150 stores
22nd Mar 2019 15:12
(Sharecast News) - Sainsbury and Asda have to offered to sell between 125 and 150 supermarkets, plus a number of convenience stores and petrol stations, to another grocery rival or a new entrant in a bid to persuade authorities to allow their merger.
Read moreSainsbury, Asda accuse CMA of errors over merger call
19th Mar 2019 10:17
(Sharecast News) - Sainsbury's and Asda have promised to invest £1bn in cutting shop prices, improve conditions for small suppliers and sell stores as they urged competition authorities to change its mind over their proposed merger.
Read moreSupermarkets benefit as shoppers stockpile food for no-deal Brexit
5th Mar 2019 08:49
(Sharecast News) - One in ten shoppers claim to have started stockpiling food to prepare for a no deal Brexit, according to the latest industry data, while Sainsbury's sales continued to fall.
Read moreThursday broker round-up
21st Feb 2019 15:04
(Sharecast News) - Sainsbury: Berenberg downgrades to hold with a target price of 235p.
Read moreBerenberg cuts Sainsbury's to 'hold' as ASDA merger 'unlikely'
21st Feb 2019 10:46
(Sharecast News) - Analysts at Berenberg downgraded their stance on Sainsbury from 'buy' to 'hold' on Thursday, stating that the supermarket's merger with Asda is now "unlikely" following the publication of provisional findings by the UK's Competition and Markets Authority.
Read more