Jefferies predicts turning point for Sainsbury's after Q1 slowdown
2nd Jul 2024 10:54
(Sharecast News) - Jefferies has reiterated a 'buy' rating on J Sainsbury after the supermarket chain's trading update on Tuesday, predicting a recovery in top-line performance after a first-quarter sales slowdown disappointed the market.
Read moreSainsbury's keeps guidance despite LFL sales slowdown in Q1
2nd Jul 2024 07:21
(Sharecast News) - Sainsbury's shares were in the red on Tuesday despite the supermarket reporting a "market-beating" grocery performance in its first quarter, as like-for-like group sales growth slowing dramatically on the back of declines in general merchandise and at Argos.
Read moreLondon close: Stocks rise as BoE holds interest rates
20th Jun 2024 16:16
(Sharecast News) - London stocks ended Thursday on a positive note following the Bank of England's decision to maintain interest rates, aligning with market expectations despite the backdrop of decreasing inflation.
Read moreNatWest to buy Sainsbury's core banking unit for £2.5bn
20th Jun 2024 07:13
(Sharecast News) - Sainsbury's has announced it is selling its core banking business, comprising £2.5bn of outstanding credit card, unsecured personal loan and saving accounts, to NatWest and plans to return a tenth of that amount to shareholders.
Read moreWet weather sees slowdown in grocery sales
18th Jun 2024 09:42
(Sharecast News) - Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1.0% over the four weeks to 9 June.
Read moreShort-lived sunny spell helps boost UK supermarkets
31st May 2024 09:35
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.
Read moreSainsbury's enters five-year AI partnership with Microsoft
17th May 2024 08:10
(Sharecast News) - J Sainsbury announced a five-year partnership with Microsoft on Friday, aimed at enhancing customer and colleague experiences through artificial intelligence (AI).
Read moreSainsbury's kicks off £200m share buyback programme
26th Apr 2024 08:32
(Sharecast News) - Sainsbury's kicked off its share buyback programme on Friday, having announced it on 7 February, aiming to repurchase up to £200m of shares by the end of the current financial year.
Read moreLondon close: Stocks finish mixed as US GDP growth slows
25th Apr 2024 15:14
(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.
Read moreSainsburys sees strong profit growth this year on food pivot
25th Apr 2024 07:18
(Sharecast News) - UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.
Read moreShoppers clamber for deals as grocery inflation slows further
23rd Apr 2024 08:57
(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
Read moreLondon close: Stocks jump on weaker sterling, easing geopolitics
22nd Apr 2024 14:54
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read moreJefferies upgrades M&S, Next and Sainsbury's to 'buy'
22nd Apr 2024 11:33
(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.
Read moreLondon close: Stocks mixed as investors watch Middle East newsflow
19th Apr 2024 16:56
(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.
Read moreSainsbury's to axe 1,500 jobs in cost-cutting drive
29th Feb 2024 15:37
(Sharecast News) - Supermarket chain Sainsbury's said on Thursday that it's planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.
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