Company
J Sainsbury PLC
LON:SBRY
J Sainsbury PLC is a United Kingdom-based company principally engaged in grocery and related retailing, and financial services.
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FTSE 100 Live: Stocks slip ahead of US inflation print
At the close, London's blue-chip index was down 32.20 points, 0.4%, at 7,651.76
UK retailers call for autumn statement business rate freeze to slow inflation
Any increase in business rates could hamper the progress made in stemming inflation, retailers argued
Sainsbury’s now more expensive than Waitrose - Which? report
A "large trolley" of goods cost more at Sainsbury's than Waitrose for the first time in September
FIVE at FIVE: FTSE 100 surges; BP goes external; Sainsbury’s misleading prices; Tata Steel funding; Games Workshop dividend
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
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FTSE 100 dips below opening levels at the close
The FTSE 100 had lost its earlier momentum to finish at 7,520 points, just eight points below opening levels for a 0.1% loss on the day.
Sainsbury’s, National Grid, M&S slated over executives’ pay
The Guardian picked out salaries paid by National Grid and supermarkets - both from sectors at the heart of inflation
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FIVE at FIVE: Sainsbury's profit down, Microsoft Brexit slam, Barclays tops forecasts, Gambling white paper, FTSE 100
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Sainsbury’s profits lower after bid to tempt shoppers - analysts
Lower profits are simply the result of lower prices at Sainsbury's, according to analysts
Sainsbury’s sees free cash flow soar while profit slips
Sainsbury's reported a 26% rise in free cash flow for the year
Sainsbury’s stays ahead of Tesco as cheapest ‘big four’ supermarket
Sainsbury's remained the cheapest 'big four' supermarket in March, outdoing Tesco for the second month in a row.
Sainsbury’s to close distribution sites, invest £90mln in automation
Sainsbury's will shut two Argos distribution sites in the coming years and pump £90mln into another to increase automation
Sainsbury’s can be ‘notably re-rated’ reckons Shore Capital
Sainsbury’s laid out plans for the future at an investor meeting
Sainsbury’s to meet investors for first time since Bestway buy-in
Sainsbury's will meet investors on Tuesday for the first time since Bestway bought a 4.47% stake in the supermarket
Sainsbury's new investor Bestway increases stake
Bestway has upped its stake in Sainsbury's to 4.47%, making it the fifth largest stakeholder in the supermarket giant
Sainsbury’s decision to scrap Argos stores ‘understandable’ – broker
Sainsbury's subsidiary Argos will see all of its Irish stores closed in the coming months
Just Eat ramps up grocery offerings with Sainsbury’s deal
Just Eat will offer deliveries from 175 Sainsbury's stores by March
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FTSE 100 closes higher as investors await Thursday's US inflation figures
At the close, the FTSE 100 came off its highs but still saw a 0.4% gain to close at 7,725 points
Asos, Curry’s and Sainsburys among most shorted stocks – Liberum
ASOS, Sainsbury's, Curry's, Travis Perkins, ITM Power, Kingfisher, BooHoo and abrdn are among the most shorted companies in the UK
Sainsbury's says to cut a further £50mln from prices
Christmas food and drink items will specifically receive £15mln in discounts
UK supermarkets ‘taking advantage’ of drivers with too high fuel prices
Motoring group RAC urged the UK’s biggest retailers to cut their fuel prices by 5p per litre to reflect lower wholesale costs
Which sectors will score in the winter World Cup?
The timing of the four-week spectacle, coupled with a cost-of-living crisis, has created a degree of uncertainty in what is often the most profitable period for some sectors
'Weaker than expected' spending this Christmas forecast
The investment bank is cautious on Sainsbury and Marks and Spencer
Asda rations eggs amid chicken shortages caused by avian flu
Many egg-producing farms have paused production or left the industry partially as they say supermarkets are not passing on the benefits of price rises
Christmas supermarket sales to fall but inflation will lift revenues, says NielsenIQ
Nielsen found that Christmas shopping started earlier this year, with 30% of shoppers starting spending in mid-October compared to 18% last year
Sainsbury’s numbers reassure about cost-of-living impact - broker
Shore Capital’s Clive Black said the grocery chain had “executed H1 FY23 well”,
Sainsbury's delivers solid set of interim results, maintains full-year profit guidance
For the 28 weeks ended 17 September 2022, the retailer saw its grocery sales rise by 0.2%, with strong growth in the second quarter of 3.8% as lockdown comparatives eased
Sainsbury’s to recruit thousands for Christmas as scrabble for staff intensifies
Sainsbury's intends to recruit 18,000 new workers for the Christmas period
Sainsbury's first-half profits likely at lower end of forecasts - analysts
Analysts at the bank kept their pre-tax profits for the year unchanged at £636mln
Asda blasted by GMB Union for slashing delivery driver's hourly pay
The premium was promised up until at least Christmas, but is being withdrawn on 21 October
Sainsbury's first half 'more than satisfactory' says broker
Kwasi Kwarteng’s budget will apply “some soothing cream,” with the reversal of National Insurance increases and the energy cap provided hopefully freeing up some cash for consumers
Sainsbury's moves to simplify its property ownership structure
The food retail giant is looking to increase its stake in the Highbury and Dragon investment vehicle by raising funds through the sale of 18 stores to LXi REIT.
LXi REIT confirms in talks to buy stores from J Sainsbury in £500mln deal
The sale and leaseback agreement would see LXi buying 18 stores in the south of England on a sale and leaseback arrangement.
Sainsbury's raises staff pay again, offers food perk as cost of living crisis bites
The company, the UK's second-largest grocer, said 127,000 hourly paid workers will get a 25p per hour increase from October 16, costing it £20mln, Reuters reported
Sainsbury’s to plough £65mln into prices in September to ease pressure on consumers
“These are difficult times and all of us at Sainsbury’s are standing with our customers to ease the financial pressure they face,” said CEO Simon Roberts
Sainsbury's weaker than Tesco in tough times, says JPMorgan
Quarterly updates across the sector support a positive outlook
Sainsbury's shareholders throw out Living Wage resolution
Its board advised investors to reject the UK's first resolution of its kind
Price of Lurpak butter nears £10 with inflation also hitting producers
Britain is currently facing the worst inflation in 40 years
Sainsbury's gets upbeat rating from Barclays despite sales dip
Grocery sales, compared to forecasts, were hit the hardest
Sainsbury's sales drop as it feels the heat of consumer belt-tightening
The chain was hoping that its latest investment in competitive pricing would have paid off, as consumer confidence continues to ebb
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J Sainsbury quarterlies set for Tuesday’s spotlight
Sainsbury is the notable name in the diary for Tuesday.
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Sainsbury's, M&S to face fresh backlash over wages this week
Shareholders will vote on the resolution calling for Sainsbury's to become a Living Wage accredited employer at its AGM on Thursday
FTSE 100 closes firmly ahead as Wall Street closed
Britain's blue-chip benchmark closed up 64 points, or 0.89%, at 7,232 on the day
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Week ahead: updates from Entain, Currys, Sainsbury's, as well as US jobs report
Other companies reporting in the week include ActiveOps, Augmentum Fintech, CML, Jet2, Kitwave, ReNeuron, Robert Walters, Supreme and Wood Group
Sainsbury's in race to compete on price
The UK’s leading supermarkets are in a race to compete on price, amid weak consumer confidence and high inflation
Sainsbury faces increased pressure to pay workers a living wage
New major investors have pledged to back the vote at next week's annual general meeting
Sainsbury’s CEO sees pay triple as shoppers face surging living costs
The supermarket chain is facing a vote at its AGM on 7 July brought by shareholders who want it to commit to paying a 'real living wage'
Sainsbury investors to vote on whether it should pay real living wage
The supermarket is being asked to show leadership and influence the wider sector
Pasta and crisps seeing biggest prices according to ONS
Across the 30 items there was considerable variation said the ONS
J Sainsbury cuts prices by £500mln as grocery battle intensifies
The company said it will cut prices of essentials and invest in the Quality and Aldi Price Match schemes.
UK Chancellor’s £15bn cost-of-living support is ‘drop in the ocean’, says Asda chairman
“There is still going to be continuing pressure and a lot of toughness for people,” said Stuart Rose
Sainsbury's cannot match Tesco, says Barclays
On a price/earnings basis, Tesco is seen as more expensive than Sainsbury, however