Sainsbury's revives efforts to sell £650m mortgage book - report
12th Jun 2023 13:12
(Sharecast News) - Sainsbury's has reportedly revived its efforts to sell a £650m mortgage book months after calling off talks with the Co-operative Bank about a deal.
Read moreCiti downgrades Sainsbury's to 'neutral'
23rd May 2023 14:24
(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.
Read moreBroker tips: Sainsbury's, Premier Foods
23rd May 2023 10:01
(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.
Read moreUK grocery inflation nudges lower to 17.2%
23rd May 2023 09:14
(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.
Read moreSainsburys lifts guidance despite fall in annual earnings
27th Apr 2023 07:16
(Sharecast News) - UK supermarket chain Sainsbury's on Thursday lifted guidance for the current fiscal year after posting a fall in 2022/23 profits as it spent £560m to keep prices low in the battle for consumers amid the cost of living crisis.
Read moreThursday preview: US Q1 GDP, Sainsbury in the spotlight
26th Apr 2023 16:37
(Sharecast News) - All eyes on Thursday would be on a first estimate for US economic growth at the start of 2023.
Read moreUK grocery inflation eases but remains at record level
25th Apr 2023 10:19
(Sharecast News) - Grocery inflation eased marginally in April, industry data showed on Tuesday, but remained close to record highs.
Read moreSainsbury's to offer lower prices for Nectar card holders
11th Apr 2023 12:36
(Sharecast News) - UK supermarket chain Sainsbury's has started offering lower prices for members of its Nectar loyalty card scheme in the latest battle to win customers amid the cost-of-living crisis.
Read moreFood inflation soars to record 17.5% - Kantar
28th Mar 2023 09:27
(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
Read moreSainsbury's pays £431m for control of store investment vehicles
14th Mar 2023 08:31
(Sharecast News) - Sainsbury's on Tuesday said it was paying £430.9m to take full ownership of the Highbury and Dragon store investment vehicles from Supermarket Income REIT.
Read moreUK retail bosses hit out at govt on lack of business rates reform
6th Mar 2023 12:42
(Sharecast News) - The heads of three major UK retailers have criticised business rates reform for not meeting government pledges, calling them a "far cry" from what was promised.
Read moreJefferies upgrades Tesco, Kingfisher
6th Mar 2023 11:42
(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.
Read moreSainsbury's to close two Argos warehouses, 1,400 jobs at risk
28th Feb 2023 14:48
(Sharecast News) - Sainsbury's is planning to close two Argos warehouses in the next three years, putting 1,400 jobs at risk, it emerged on Tuesday.
Read moreBestway ups stake in Sainsbury's
1st Feb 2023 09:50
(Sharecast News) - Costcutter parent company Bestway Group raised its stake in British supermarket giant Sainsbury's to 4.47% on Wednesday, less than a week after picking up a 3.45% stake in the UK's second-largest grocer.
Read moreGrocery inflation surges to 16.7%
31st Jan 2023 09:54
(Sharecast News) - Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills.
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