|Bid||207.70 x 0|
|Ask||207.80 x 0|
|Day's range||202.90 - 208.70|
|52-week range||177.05 - 20,130.00|
|Beta (3Y monthly)||0.77|
|PE ratio (TTM)||115.39|
|Earnings date||7 Nov 2019|
|Forward dividend & yield||0.11 (5.56%)|
|1y target est||317.00|
Asda, the British supermarket arm of the world's biggest retailer Walmart, blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers' spending patterns. The group, whose attempt to be taken over by rival Sainsbury's for 7.3 billion pounds ($9.3 billion) was blocked by Britain's regulator in April, also said on Thursday its gross profit rate, or margin, and its operating income had both declined in the three months to Sept. 30.
London's FTSE 100 underperformed its major global peers on Thursday, suffering its steepest intra-day drop so far this month as falls in private equity company 3i, stocks trading ex-dividend and a stronger pound hammered the exporter-heavy index. The main index fell 0.8% with 3i Group hitting a five-month low after striking a cautious tone about new investment opportunities and as heavyweight components Sainsbury , Shell and GSK traded without dividend entitlement. The mid-cap FTSE 250 was 0.3% lower, with transport operator FirstGroup dropping nearly 20% on its worst day since May 2018 after a bigger first-half loss due to a charge related to its Greyhound bus line business in the U.S..
British supermarket group Sainsbury's has struck a deal to sell packaged groceries and household products in Australia as it seeks to grow its wholesale business, it said on Monday. Sainsbury's said it has agreed a wholesale partnership with Australian retailer Coles. The UK firm's biggest wholesale deal yet will see it supply own brand products to Coles supermarkets across Australia, as well as online, from early next year.
British supermarket group Sainsbury's has struck a deal to sell packaged groceries and household products in Australia as it seeks to grow its wholesale business, it said on Monday. Sainsbury's said it has agreed a wholesale partnership with Australian retailer Coles . The UK firm's biggest wholesale deal yet will see it supply own brand products to Coles supermarkets across Australia, as well as online, from early next year.
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British supermarket group Sainsbury's expects to trade well in the run-up to Christmas but fears a consumer hangover in the new year if Brexit is unresolved, its boss said on Thursday. "All our experience will say that people will celebrate Christmas, they always do. Sainsbury's reported a 15% fall in first-half profit, blaming the combined impact of the phasing of cost savings, higher marketing costs and tough weather comparatives with last year which impacted on sales.
British supermarket group Sainsbury's expects to trade well in the run-up to Christmas but fears a consumer hangover in the new year if Brexit is unresolved, its boss said on Thursday. "All our experience will say that people will celebrate Christmas, they always do.
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Asda on Friday gave shop floor workers more time to sign new employment contracts or face dismissal in a bitter dispute over changes intended by the British supermarket group to boost productivity. As the Saturday deadline for signing approached, Asda said the workers would have a seven-day "cooling off period" to change their minds before losing their jobs. Chief Executive Roger Burnley wrote to staff, saying almost 120,000 employees had signed up to the more flexible contract and fewer than 1,000 had not.
Britain's biggest retailer Tesco has pledged to remove one billion pieces of plastic packaging from products in its UK stores by the end of 2020, seeking to reduce its environmental impact and meet growing consumer demand for less waste. Britons have become increasingly aware of the amount of plastic they use following David Attenborough's "Blue Planet II" documentary which highlighted the dangers of plastic pollution to marine life. Last year Tesco said it wanted to remove hard-to-recycle materials from its business.
From vegan burgers to vegan boots, the market for products using no animal products is surging, with climate-conscious consumers in Britain fuelling the global dash to cash in on a fast- expanding range of ethical merchandise. With the 25th annual World Vegan Month starting on Nov. 1, Britain has overtaken Germany to become the nation with the highest number of new vegan food products launched in a year, according to market research firm Mintel. About 16% of food products launched in 2018 had a vegan claim, up from 8% in 2015, with the sector growing about 30 percent in the year to 740 million pounds ($955 million), the firm said.
British supermarket chain Sainsbury's said it was looking for two new board members after non-executive directors Matt Brittin and Jean Tomlin announced plans to leave next year. The departures come as Sainsbury's CEO of five years Mike Coupe and its new chairman Martin Scicluna try to rebuild confidence in the supermarket's strategy following a botched attempt to take over rival Asda. Sainsbury's said Brittin would step down after nine years in line with good corporate governance, while Tomlin planned to leave for personal reasons after almost seven years on the board.
Tesco will next week become the first major British supermarket group to offer a subscription customer loyalty scheme, the latest weapon in its fight to stem the market share gains of German-owned discounters. Along with other leading UK grocers Sainsbury's, Asda (part of Walmart) and Morrisons, Tesco has been losing share to Aldi and Lidl, who have been aggressively opening new stores. The big four have been fighting back with initiatives that aim to differentiate their offers versus the discounters, and Tesco, Britain's biggest retailer, said on Tuesday it would launch an enhanced version of its Clubcard scheme from Nov. 8.
Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing. Walmart CFO Richard Mayfield said the company was delighted to be able to secure the pensions of its members with a leading, well financed insurer such as Rothesay Life. "This transaction is good news for members of the scheme, simplifies the Asda balance sheet and will transfer our pension liabilities at a competitive price," he said.
British supermarket group Asda said shop floor workers have just over two weeks to sign-up to new employment contracts, first proposed in April, or face losing their jobs. Of Britain's big four grocers - market leader Tesco , Sainsbury's, Asda and Morrisons -Walmart owned Asda is the last to implement more flexible working contracts as it seeks productivity improvements in a brutally competitive market. Asda's new standardised contracts increase the base rate of pay for over 100,000 retail workers to 9 pounds ($11.58) per hour, plus premiums, while maintaining benefits including an annual bonus, share save scheme and staff discount.