|Bid||0.00 x 1003200|
|Ask||282.00 x 250000|
|Day's range||234.40 - 236.00|
|52-week range||210.20 - 254.40|
|PE ratio (TTM)||18.09|
|Forward Dividend & Yield||0.07 (2.17%)|
|1y target est||230.63|
Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - Sainsbury (Amsterdam: SJ6.AS - news) 's, Britain's second biggest supermarket group behind Tesco (Frankfurt: 852647 - news) , is seeking to cut up to 2,000 jobs, mainly in its payroll and human resources departments, a company spokesman said on Tuesday. Sainsbury's is consulting on measures that would lead to a loss of 1,400 jobs by removing all in-store human resource and payroll clerk roles, the spokesman said. Some 600 further job losses will come from a restructuring to consolidate human resource and other support roles, the statement added.
LONDON (Reuters) - Britain's "Big Four" supermarkets all lost market share in the 12 weeks to Oct. 8 despite growing sales as the march of the discount chains continued, Kantar Worldpanel said ...
Britain's "Big Four" supermarkets all lost market share in the 12 weeks to Oct. 8 despite growing sales as the march of the discount chains continued, Kantar Worldpanel said on Tuesday. Morrisons ...
Energy providers Centrica and SSE dragged on Britain's main share index on Wednesday after Prime Minister Theresa May announced plans to cap energy prices. The FTSE 100 (.FTSE) closed flat at 7,467.58 points after British Gas owner Centrica (CNA.L) sank more than 6 percent, closely followed by a 3.2 percent fall in SSE (SSE.L).
Energy providers Centrica and SSE dragged on Britain's main share index on Wednesday after Prime Minister Theresa May announced plans to cap energy prices. The FTSE 100 closed flat at 7,467.58 points after ...
Britain's major share index faltered on Wednesday as a strong update from Tesco failed to enthuse investors, a rise in the pound weighed and investors awaited a speech by Prime Minister Theresa May from ...
Aldi is pressing on with its expansion in Britain despite a third straight year of falling profits there, the German discount supermarket group said on Monday, signalling no let up in the pressure on UK rivals. The rise of privately-owned budget chains Aldi and Lidl has transformed the competitive landscape of UK food retailing over the last decade, driving down the returns of Britain's big four players - market leader Tesco (Frankfurt: 852647 - news) , Sainsbury (Amsterdam: SJ6.AS - news) 's, Asda and Morrisons. For 2016, Aldi UK and Ireland (Other OTC: IRLD - news) reported a 13.5 percent rise in sales to a record 8.74 billion pounds ($11.8 billion).
British share indexes advanced on Tuesday as retail stocks gained and cyclical stocks also helped, with investors awaiting further signs of the direction of monetary policy. Britain's FTSE 100 ended the session up 0.3 percent at 7,275.25 points after a volatile start to trading as investors hesitated ahead of the Fed's two-day meeting starting later in the day.
Edward Sheldon looks at one of the most shorted companies on the London Stock Exchange and finds another too. Would he buy them?
British online grocer Ocado warned that additional investment in developing its distribution centres would increase short term costs, sending its shares lower. Founded by three former Goldman Sachs (NYSE: GS-PB - news) bankers in 2000, Ocado has divided analysts like few other stocks and the latest comments are only likely to fuel the debate. Advocates regard its home deliveries from giant distribution centres as the future of grocery shopping, but critics see a costly and complex venture that will not make sustained profits.
British supermarket sales increased by 3.6 percent in the 12 weeks to Sept. 10, largely driven by higher inflation and extending a run of above-3-percent growth to six months, industry data showed on Tuesday. ...
Slowing sales growth at Morrisons sent its shares down as much as 7 percent on Thursday, despite rising profit and its chief executive saying the British supermarket chain's turnaround is on track. CEO David Potts said Morrisons was making progress in its supermarkets and beyond as results showed a seventh straight quarter of underlying sales growth. Morrisons, based in Bradford, northern England, is turning around its more than 500 UK stores while also pursuing online and wholesale markets.
Discounter Lidl has leapfrogged upmarket Waitrose in Britain's competitive food retail market, industry data showed on Tuesday, a sign that cash-strapped shoppers are still having to count their pennies. ...
Discounter Lidl has increased its UK grocery market share to a record high of 5.2 percent, overtaking Waitrose to become the country's seventh largest supermarket, industry data showed on Tuesday. Market ...
Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, reported its first underlying sales growth in three years on Thursday and said its back-to-basics turnaround under a new management team was working. Of Britain's big four supermarket players -– market leader Tesco (Frankfurt: 852647 - news) , Sainsbury’s, Asda and Morrisons -- Asda has been hurt the most by the rise of German discounters Aldi and Lidl as its traditional price advantage was eroded. Wal-Mart has said Asda was too slow in responding to that competition and prior to Thursday's update Asda had reported eleven straight quarters of like-for-like sales decline.
Britain's second largest supermarket group Sainsbury's has suspended bid talks with wholesaler Nisa until it has a clear idea of whether the competition regulator will approve takeovers in the fast-growing convenience sector. Sainsbury's, which came under fire from shareholders in July over three years of falling profit and the prospect of a fourth in its current year, wants to wait until the Competition and Markets Authority (CMA) publishes provisional findings of its probe of Tesco (Frankfurt: 852647 - news) 's proposed 3.7 billion pound ($4.8 billion) takeover of Booker.
Asda, the British supermarket business of U.S. retail giant Wal-Mart, reported an 11.5 percent drop in profit in 2016, a performance it said was "behind expectations". Of Britain's big four supermarket players - market leader Tesco (Frankfurt: 852647 - news) , Sainsbury (Amsterdam: SJ6.AS - news) 's, Asda and Morrisons - Asda was hurt the most by the rise of discounters Aldi and Lidl. Asda has said it was too slow in repositioning its business to respond to that competition.
British supermarket Morrisons said it had agreed a long-term supply deal with local retailer McColl's which will take wholesale sales to more than 1 billion pounds ($1.3 billion) in due course. Starting in Jan. 2018, the firm will become the sole supplier to 350 McColl's newsagents and 1,300 convenience stores, it said in a statement on Tuesday. "This new partnership is a further example of Morrisons leveraging existing assets to access the UK's growing convenience food market in a capital light way," Chief Executive David Potts said.
One year on from Britain's vote to leave the European Union grocery price rises are no longer accelerating, industry data showed on Tuesday. Market researcher Kantar Worldpanel said like-for-like grocery ...
Shares (Berlin: DI6.BE - news) in British discount retailer B&M European Value Retail rose as much as 5.3 percent on Monday after a report that Asda, the UK supermarket arm of Wal-Mart Stores, was considering 4.4 billion pound ($5.7 billion) takeover bid. The Sunday Times said Asda, which trails market leader Tesco (Swiss: TSCO.SW - news) and Sainsbury (Amsterdam: SJ6.AS - news) 's in annual sales, is in the early stages of assessing a bid for B&M, which is chaired by Terry Leahy, the former chief executive of Tesco (Frankfurt: 852647 - news) . It said Asda had commissioned external research on B&M and cited an unidentified industry source as saying that buying B&M would reduce Asda's reliance on food sales and provide it with a network to stock its George clothing range.