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J Sainsbury plc (SBRY.L)
- Reuters
Britons seek cheaper food in 'unprecedented' cost of living crisis - Sainsbury's
LONDON (Reuters) -Cash-strapped Britons are buying more cheap frozen food to help cut waste and cope with "unprecedented" soaring living costs, the boss of supermarket group Sainsbury's told Reuters. Chief Executive Simon Roberts said shoppers were "watching every penny and every pound", visiting stores more often but buying less on each trip, and using technology to monitor their spending to avoid "till shock" at the check-out.
- Reuters
Glass Lewis, ISS back UK's Sainsbury's on workers pay vote
Proxy advisers Glass Lewis and ISS are recommending Sainsbury's investors vote against a resolution at its annual meeting calling for Britain's second-biggest grocer to commit to paying the so-called real living wage to all its workers by July 2023. Glass Lewis said adoption of the proposal from responsible investment group ShareAction "could border on micromanagement by shareholders." "We believe that with a matter as dynamic and company-specific as the wages paid to employees and contractors, it may not be appropriate to allow shareholders or a third party to dictate those terms," it said.
- The Telegraph
Sainsbury’s escalates Aldi price war in bid to keep cash-strapped shoppers
Sainsbury’s has escalated its price war against German discounters as soaring living costs weigh on shoppers.
