Bestway takes 3.45% stake in Sainsbury's but 'not considering bid'
27th Jan 2023 07:13
(Sharecast News) - UK Costcutter convenience store owner Bestway Group has bought a 3.45% stake in supermarket giant Sainsbury's which it may increase, but said it was not considering an offer for the chain.
Read moreJust Eat partners with Sainsbury's for new delivery offering
16th Jan 2023 07:22
(Sharecast News) - Food delivery group Just Eat has launched a new partnership with grocery giant Sainsbury's, marking the platform's second tie-up with one of the UK's "Big Four" grocers.
Read moreFestive sales jump at Sainsbury
11th Jan 2023 07:01
(Sharecast News) - J Sainsbury increased full-year profits guidance on Wednesday after "record" Christmas trading.
Read moreWednesday preview: Sainsbury in the spotlight
10th Jan 2023 13:42
(Sharecast News) - Investors would have little to chew on in the middle of the week in terms of fresh economic data.
Read moreFestive demand boosts supermarket sales
10th Jan 2023 13:34
(Sharecast News) - Grocery sales jumped in December, industry research showed on Tuesday, as shoppers splashed out on last-minute festive treats.
Read moreRecord inflation sees supermarket sales spike
13th Dec 2022 11:26
(Sharecast News) - Supermarket sales surged last month, industry data showed on Tuesday, driven by historic levels of food inflation.
Read moreGrocery inflation nudges lower for first time in 21 months
6th Dec 2022 09:52
(Sharecast News) - Food inflation eased marginally in November, industry data showed on Tuesday, the first decline in nearly two years.
Read moreSainsbury's invests £50m in value, holds price of Christmas roast
5th Dec 2022 11:08
(Sharecast News) - Grocery giant J Sainsbury announced the acceleration of its 'value plan' on Monday, investing a further £50m by March in a bid to battle the 'cost-of-living' crisis.
Read moreLidl 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".
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