LXi REIT agrees to buy store portfolio from Sainsbury's for £500m
22nd Sep 2022 07:39
(Sharecast News) - LXi REIT said on Thursday that it has exchanged contracts to buy 18 grocery store assets from Sainsbury's on a sale and leaseback basis for £500m.
Read moreSainsbury's agrees price for Highbury and Dragon investment vehicles
21st Sep 2022 10:49
(Sharecast News) - Sainsbury's said on Wednesday that it is in talks with LXi REIT to sell 18 supermarket stores for around £500m on a sale and leaseback basis and that if the deal goes through, it will use the proceeds to part-fund the acquisition of the 21 stores in the Highbury and Dragon investment vehicles.
Read moreLXi REIT in talks with Sainsbury's about £500m store portfolio acquisition
21st Sep 2022 08:04
(Sharecast News) - LXi REIT confirmed on Wednesday that it is in talks with Sainsbury's about the potential acquisition, on a sale and leaseback basis, of a portfolio of 18 grocery store assets for around £500m and said that this could be funded in part through an equity raise.
Read moreGrocery price inflation hits new record as shoppers hunt for bargains
13th Sep 2022 09:03
(Sharecast News) - Grocery price inflation reached a new record in August, according to fresh research released on Tuesday, with Britons further switching to cheaper lines and discount supermarkets.
Read moreGrocery bills mount as inflation surges - Kantar
19th Jul 2022 07:46
(Sharecast News) - Grocery inflation has rocketed to nearly 10%, industry data showed on Tuesday, as supply chain pressures continue to drive up prices.
Read moreSainsbury's shareholders vote against living wage policy
7th Jul 2022 15:32
(Sharecast News) - Sainsbury's shareholders voted on Thursday against committing to pay a real living wage by 2023.
Read moreSainsbury's Q1 sales fall 4% as cost-of-living crisis bites
5th Jul 2022 07:01
(Sharecast News) - UK supermarket chain Sainsbury's said first-quarter underlying sales fell 4% as consumers started to cut back on discretionary spending amid the cost of living crisis.
Read moreJP Morgan stays at 'underweight' on Sainsbury's
4th Jul 2022 10:23
(Sharecast News) - Analysts at JP Morgan Cazenove reiterated their 'underweight' rating on supermarket giant Sainsbury's on Monday and said there were still "several reasons to remain cautious" of the stock.
Read moreGrocery 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.
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