Food inflation soars to record 17.5% - Kantar
28th Mar 2023 09:27
(Sharecast News) - Grocery inflation has rocketed to 17.5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
Read moreSainsbury's pays £431m for control of store investment vehicles
14th Mar 2023 08:31
(Sharecast News) - Sainsbury's on Tuesday said it was paying £430.9m to take full ownership of the Highbury and Dragon store investment vehicles from Supermarket Income REIT.
Read moreUK retail bosses hit out at govt on lack of business rates reform
6th Mar 2023 12:42
(Sharecast News) - The heads of three major UK retailers have criticised business rates reform for not meeting government pledges, calling them a "far cry" from what was promised.
Read moreJefferies upgrades Tesco, Kingfisher
6th Mar 2023 11:42
(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.
Read moreSainsbury's to close two Argos warehouses, 1,400 jobs at risk
28th Feb 2023 14:48
(Sharecast News) - Sainsbury's is planning to close two Argos warehouses in the next three years, putting 1,400 jobs at risk, it emerged on Tuesday.
Read moreBestway ups stake in Sainsbury's
1st Feb 2023 09:50
(Sharecast News) - Costcutter parent company Bestway Group raised its stake in British supermarket giant Sainsbury's to 4.47% on Wednesday, less than a week after picking up a 3.45% stake in the UK's second-largest grocer.
Read moreGrocery inflation surges to 16.7%
31st Jan 2023 09:54
(Sharecast News) - Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills.
Read moreBestway takes 3.45% stake in Sainsbury's but 'not considering bid'
27th Jan 2023 07:13
(Sharecast News) - UK Costcutter convenience store owner Bestway Group has bought a 3.45% stake in supermarket giant Sainsbury's which it may increase, but said it was not considering an offer for the chain.
Read moreJust Eat partners with Sainsbury's for new delivery offering
16th Jan 2023 07:22
(Sharecast News) - Food delivery group Just Eat has launched a new partnership with grocery giant Sainsbury's, marking the platform's second tie-up with one of the UK's "Big Four" grocers.
Read moreFestive sales jump at Sainsbury
11th Jan 2023 07:01
(Sharecast News) - J Sainsbury increased full-year profits guidance on Wednesday after "record" Christmas trading.
Read moreWednesday preview: Sainsbury in the spotlight
10th Jan 2023 13:42
(Sharecast News) - Investors would have little to chew on in the middle of the week in terms of fresh economic data.
Read moreFestive demand boosts supermarket sales
10th Jan 2023 13:34
(Sharecast News) - Grocery sales jumped in December, industry research showed on Tuesday, as shoppers splashed out on last-minute festive treats.
Read moreRecord inflation sees supermarket sales spike
13th Dec 2022 11:26
(Sharecast News) - Supermarket sales surged last month, industry data showed on Tuesday, driven by historic levels of food inflation.
Read moreGrocery inflation nudges lower for first time in 21 months
6th Dec 2022 09:52
(Sharecast News) - Food inflation eased marginally in November, industry data showed on Tuesday, the first decline in nearly two years.
Read moreSainsbury's invests £50m in value, holds price of Christmas roast
5th Dec 2022 11:08
(Sharecast News) - Grocery giant J Sainsbury announced the acceleration of its 'value plan' on Monday, investing a further £50m by March in a bid to battle the 'cost-of-living' crisis.
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