UK grocery inflation slows, Aldi and Lidl take more market share
12th Sep 2023 08:18
(Sharecast News) - Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.
Read moreSainsbury's sells its mortgage book to the Co-operative Bank
11th Aug 2023 15:17
(Sharecast News) - Grocery giant J Sainsbury announced on Friday that its financial subsidiary, Sainsbury's Bank, has sold its mortgage portfolio to the Co-operative Bank in a cash transaction worth £464m.
Read moreSainsbury's holds guidance as sales rise
4th Jul 2023 07:03
(Sharecast News) - UK supermarket chain Sainsbury's reported an 11% rise in grocery sales in the four months to June 24 and maintained annual guidance as it said food inflation was showing signs of falling.
Read moreSunday share tips: Sainsbury's, Thor Exploration
2nd Jul 2023 15:05
(Sharecast News) - The Sunday Times's Lucy Tobin recommended Sainsbury's to readers in anticipation that the recent warm weather that had boosted fashion retailers' toplines likely also benefitted the grocer.
Read moreShoreCap says Sainsbury valuation multiples 'undemanding'
28th Jun 2023 13:39
(Sharecast News) - ShoreCap analysts labelled Sainsbury's current valuation "undemanding", going on to add that its 5% dividend yield was "attractive".
Read moreGrocery price inflation eases to slowest monthly rate this year - Kantar
20th Jun 2023 10:10
(Sharecast News) - Grocery price inflation has eased to its lowest monthly level this year, according to industry data released on Tuesday.
Read moreRegulator raps Asda and Sainsbury over land breaches
13th Jun 2023 11:32
(Sharecast News) - The regulator has reprimanded Asda and J Sainsbury over "unlawful, anti-competitive" land agreements, it was announced on Tuesday.
Read moreSainsbury's revives efforts to sell £650m mortgage book - report
12th Jun 2023 13:12
(Sharecast News) - Sainsbury's has reportedly revived its efforts to sell a £650m mortgage book months after calling off talks with the Co-operative Bank about a deal.
Read moreCiti downgrades Sainsbury's to 'neutral'
23rd May 2023 14:24
(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.
Read moreBroker tips: Sainsbury's, Premier Foods
23rd May 2023 10:01
(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.
Read moreUK grocery inflation nudges lower to 17.2%
23rd May 2023 09:14
(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.
Read moreSainsburys lifts guidance despite fall in annual earnings
27th Apr 2023 07:16
(Sharecast News) - UK supermarket chain Sainsbury's on Thursday lifted guidance for the current fiscal year after posting a fall in 2022/23 profits as it spent £560m to keep prices low in the battle for consumers amid the cost of living crisis.
Read moreThursday preview: US Q1 GDP, Sainsbury in the spotlight
26th Apr 2023 16:37
(Sharecast News) - All eyes on Thursday would be on a first estimate for US economic growth at the start of 2023.
Read moreUK grocery inflation eases but remains at record level
25th Apr 2023 10:19
(Sharecast News) - Grocery inflation eased marginally in April, industry data showed on Tuesday, but remained close to record highs.
Read moreSainsbury's to offer lower prices for Nectar card holders
11th Apr 2023 12:36
(Sharecast News) - UK supermarket chain Sainsbury's has started offering lower prices for members of its Nectar loyalty card scheme in the latest battle to win customers amid the cost-of-living crisis.
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