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17.04.25 - 11:12
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Sainsbury′s joins UK retailers′ £1bn profits club but warns of flat year ahead (The Guardian)
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Supermarket to close two of its five non-food warehouses to save £70m a year, putting jobs at riskBusiness live – latest updatesSainsbury's has joined Tesco, Next and Marks & Spencer as one of a handful of retailers who have made £1bn in profits, but it does not expect to beat that figure this year amid rising costs and price competition.Simon Roberts, the chief executive of Sainsbury's, indicated that the group was ready to take on Asda, which has pledged to cut prices in an attempt to win back market share, saying his business was “committed, above all else, to sustaining the strong competitive position we have built – consistently giving customers the great value they have come to expect”. Continue reading......
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17.04.25 - 09:18
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Sainsbury′s joins £1bn profits club; US Federal Reserve warns on inflation – business live (The Guardian)
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Live, rolling coverage of business, economics and financial markets as UK retailer says profits will be flat this year as it tries to match rivals' pricesGood morning, and welcome to our live coverage of business, economics and financial markets.Sainsbury's has made underlying retail operating profits of more than £1bn for the first time, but the British supermarket chain suggested it will not beat that this year as it battles with rivals on price. Continue reading......
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17.04.25 - 08:54
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J Sainsbury FY Pretax Profit Rises (AFX)
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LONDON (dpa-AFX) - J Sainsbury Plc reported profit before tax of 384 million pounds for the 52 weeks to 1 March 2025 compared to 277 million pounds, last year. Statutory EPS increased to 10.2 penc......
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07.11.24 - 13:36
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Sainsbury′s sales boost dampened by fears over impact of budget on prices (The Guardian)
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Chief executive says increase in national insurance contributions could mean more expensive groceriesFood sales at Sainsbury's have been boosted by a return to the office and fewer people dining out in restaurants, as the retailer warned of possible price rises as a result of having to pay £140m more next year in national insurance contributions [NICs].The supermarket chain's pre-tax profits were £356m for the six months to mid-September, up 4.7% on the same period last year, driven by a 5% increase in sales in its grocery business. Continue reading......
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02.07.24 - 16:54
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Sainsbury′s sales growth slows as poor weather hits non-food ranges (The Guardian)
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Euro 24 lifts TV sales at Argos but purchases of clothing, paddling pools and garden furniture fallBusiness live – latest updatesSainsbury's has said sales growth slowed in recent weeks as food inflation eased and consumers shopped “more cautiously” amid poor weather and the cost of living crisis.Sales at established stores rose 3% in the three months to 22 June compared with a rise of 4.8% in the previous quarter, excluding fuel and the impact of the closure of the group's Irish Argos stores. Continue reading......
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