Sainsbury's sales growth accelerates in second quarter
7th Nov 2024 07:07
(Sharecast News) - UK supermarket chain Sainsbury's reported increasing momentum in its second quarter as it reiterated guidance for strong underlying profit growth this financial year, helped by improving grocery volumes and a stronger performance from Argos in the second half.
Read moreSainsbury's expands Aldi Price Match to Local stores
4th Nov 2024 11:46
(Sharecast News) - Sainsbury's announced itself as the first major UK supermarket to match Aldi prices in its convenience stores on Monday, committing a £1bn price investment over the holiday season.
Read moreSainsbury's sells AFS cards portfolio to NewDay Group
31st Oct 2024 07:43
(Sharecast News) - Sainsbury's said on Thursday that it has agreed to sell the Argos Financial Services (AFS) cards portfolio to NewDay Group for £720m.
Read moreSupermarket sales spark as festive shopping gets underway
16th Oct 2024 09:11
(Sharecast News) - Supermarket sales sparked in September, industry data showed on Wednesday, as shoppers stocked up on Halloween treats and early Christmas bargains.
Read moreLondon close: Stocks finish higher on UK GDP growth
11th Oct 2024 15:34
(Sharecast News) - London stocks closed higher on Friday, as investors digested the latest UK GDP figures, while also looking ahead to potential stimulus measures from China, set to be announced over the weekend.
Read moreSainsbury's slumps as Qatar Investment Authority places 109m shares
11th Oct 2024 07:06
(Sharecast News) - Sainsbury's slumped on Friday following reports that its biggest shareholder, Qatar Investment Authority, has placed 109m shares in the supermarket chain.
Read moreSainsbury's sells cash machine business to NoteMachine
25th Sep 2024 13:13
(Sharecast News) - Sainsbury's said on Wednesday that it was selling its ATM business to NoteMachine, a Brink's Company and one of the UK's leading ATM operators, for an undisclosed sum.
Read moreUK grocers in a "good place" as retail sales pick up, says Shore Capital
20th Sep 2024 09:04
(Sharecast News) - Shore Capital says UK retailers have a reason to be "quite cheerful" after August's strong retail sales data on Friday, with listed supermarket companies likely to benefit from improving macro conditions.
Read moreSainsbury's to buy 10 Homebase stores
29th Aug 2024 11:59
(Sharecast News) - Sainsbury's said on Thursday that it has agreed to buy 10 leasehold stores from HHGL Limited, trading as Homebase, for conversion into supermarkets.
Read moreLondon close: Stocks finish positive ahead of key inflation data
13th Aug 2024 14:51
(Sharecast News) - London stocks closed higher on Tuesday, as investors digested the latest UK jobs data and anticipated upcoming inflation reports from both the UK and the US.
Read moreGrocery price inflation rises for first time since March 2023
13th Aug 2024 11:17
(Sharecast News) - Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday.
Read moreDrivers pay £1.6bn too much in weak petrol market - CMA
26th Jul 2024 07:16
(Sharecast News) - The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1.6bn more than they should have in 2023.
Read moreEuros see supermarket sales grow despite poor weather
16th Jul 2024 11:40
(Sharecast News) - Take-home sales at supermarkets rose by 2.2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
Read moreSupermarkers say card payment issues resolved
11th Jul 2024 13:02
(Sharecast News) - Card payment disruptions at major UK retailers were reportedly resolved by Thursday afternoon, after customers at chains including Asda, Sainsbury's, and various petrol stations reporting issues with both Visa and Mastercard transactions.
Read moreLondon close: Stocks fall on EU inflation, US jobs data
2nd Jul 2024 17:24
(Sharecast News) - London stocks closed lower on Tuesday as investors digested eurozone inflation data and a modest increase in US job openings.
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