Sainsburys warns on profits as cost-of-living crisis, inflation bite
28th Apr 2022 07:01
(Sharecast News) - UK supermarket chain Sainsbury's warned of lower profits this year due to the impact of the cost-of-living crisis on consumers' disposable income and inflationary pressure.
Read moreGrocery inflation hits fresh high
26th Apr 2022 08:53
(Sharecast News) - Grocery price inflation continued to mount in April, research showed on Tuesday, to hit levels not seen in over a decade.
Read moreJefferies upgrades Sainsbury's to 'buy'
11th Apr 2022 07:43
(Sharecast News) - Analysts at Jefferies upgraded supermarket Sainsbury's from 'hold' to 'buy' on Monday after taking a fresh look at general retailers in the UK.
Read moreTesco gives below-inflation wage rise to shop workers
7th Apr 2022 15:30
(Sharecast News) - Tesco announced a 55p-per-hour pay rise for its supermarket staff on Thursday, bringing the UK's largest private employer into line with its discounter competitors in terms of pay.
Read moreGrocery inflation hits 10-year high
29th Mar 2022 10:21
(Sharecast News) - UK shoppers are increasingly turning to cheaper own brand products, industry data showed on Tuesday, as grocery inflation rose to a near decade high.
Read moreSunday newspaper round-up: Biden, Beer, Royal Mail
27th Mar 2022 19:59
(Sharecast News) - The White House clarified comments from Joe Biden who earlier had called for Russian President Vladimir Putin's ouster. In a speech delivered in Poland, Biden said: ""For God's sake, this man cannot remain in power." A spokesman for the White soon after stated that US leader was not talking about 'regime change'. "The president's point was that Putin cannot be allowed to exercise power over his neighbours or the region," the spokesman explained. - The Sunday Times
Read moreGrocery sales stabilise as challenges mount
8th Mar 2022 13:53
(Sharecast News) - UK grocery sales stabilised last month, industry research showed on Tuesday, as the sector continued to rebound from the worst of the pandemic.
Read moreSainsbury's to shut 200 in-store cafes
1st Mar 2022 12:43
(Sharecast News) - J Sainsbury is to cut around 2,000 jobs as part of a wide-reaching shake-up of its cafes and hot food counters.
Read moreLidl, Aldi benefit from grocery inflation as supermarket spending falls
1st Mar 2022 09:14
(Sharecast News) - Spending in UK supermarkets fell over the last three months, but still remained above pre-pandemic levels, even as grocery prices continued to surge.
Read moreSupermarket prices rise as cost of living mounts
1st Feb 2022 08:57
(Sharecast News) - Grocery inflation hit 3.8% in December, industry data showed on Tuesday, as the cost of living continued to mount.
Read moreGetir to spend £100m, add 6,000 jobs in UK this year
24th Jan 2022 14:14
(Sharecast News) - Hurried grocery delivery firm Getir took the wraps off bold UK expansion plans on Monday, involving up to 6,000 new jobs.
Read moreBerenberg slightly raises target price on Sainsbury's following Q3 results
24th Jan 2022 11:11
(Sharecast News) - Analysts at Berenberg slightly raised their target price on grocery giant J Sainsbury from 275.0p to 285.0p on Monday following the group's third-quarter results.
Read moreSainsbury's lifts FY outlook despite fall in Xmas quarter sales
12th Jan 2022 07:22
(Sharecast News) - UK supermarket group Sainsbury's raised full-year profit forecasts despite a fall in underlying sales over Christmas.
Read moreSainsbury's exercises second option to buy Supermarket Income JV properties
7th Jan 2022 13:51
(Sharecast News) - Grocery property investor Supermarket Income REIT updated the market on its 50-50 joint venture with British Airways Pension Trustees on Friday.
Read moreTesco wins as supermarkets back in favour over Xmas - Kantar
5th Jan 2022 08:56
(Sharecast News) - UK supermarkets became popular once again as sales their highest level since March 2020 over Christmas with Tesco emerging as the main beneficiary.
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