SBRY.L - J Sainsbury plc
| Previous close | 318.50 |
| Open | 319.60 |
| Bid | 200.00 x 1044400 |
| Ask | 323.00 x 411400 |
| Day's range | 316.50 - 322.10 |
| 52-week range | 223.60 - 327.10 |
| Volume | 6,679,445 |
| Avg. volume | 14,825,672 |
| Market cap | 6.97B |
| Beta | 0.04 |
| PE ratio (TTM) | 31.17 |
| EPS (TTM) | 10.20 |
| Earnings date | N/A |
| Forward dividend & yield | 0.10 (3.61%) |
| Ex-dividend date | 2017-11-16 |
| 1y target est | 294.47 |
Reuters•2 days agoSainsbury's tweaks pay proposals after staff pressure
Sainsbury's, Britain's second largest supermarket group, has bowed to pressure from employees and trade unions by changing some of the pay proposals it detailed in March as part of a move to simplify the company's wage structure. Sainsbury's said on Thursday that following a consultation process with staff representatives and unions it had agreed to increase unsociable hour premium payments, extend location pay supplements to staff working in all outer London areas rather than just inner London, and raise online driver payments. It said the amendments would come at a cost to the business of over 10 million pounds, in addition to the 100 million pounds it said the proposals would cost in March.
Reuters•2 days agoUK's Sainsbury's tweaks pay proposals after staff pressure
Sainsbury's (SBRY.L), Britain's second largest supermarket group, has bowed to pressure from employees and trade unions by changing some of the pay proposals it detailed in March as part of a move to simplify the company's wage structure. Sainsbury's said on Thursday that following a consultation process with staff representatives and unions it had agreed to increase unsociable hour premium payments, extend location pay supplements to staff working in all outer London areas rather than just inner London, and raise online driver payments. It said the amendments would come at a cost to the business of over 10 million pounds ($13.4 million), in addition to the 100 million pounds it said the proposals would cost in March.
- Reuters - UK Focus•2 days ago
UK's Sainsbury's tweaks pay proposals after staff pressure
Sainsbury's, Britain's second largest supermarket group, has bowed to pressure from employees and trade unions by changing some of the pay proposals it detailed in March as part of a move to simplify the company's wage structure. The group, which last month agreed a 7.3 billion pounds ($9.8 billion) takeover of rival Asda, employs 195,000 in Britain and Ireland (Other OTC: IRLD - news) and is the UK's second biggest private sector employer after Tesco (Frankfurt: 852647 - news) . Sainsbury's said on Thursday that following a consultation process with staff representatives and unions it had agreed to increase unsociable hour premium payments, extend location pay supplements to staff working in all outer London areas rather than just inner London, and raise online driver payments.
Reuters•8 days agoUK competition regulator seeks views on Sainsbury's/Asda deal
Britain's competition regulator has invited all interested parties to submit their views on a proposed 7.3 billion pound deal to combine Sainsbury's with Walmart's Asda supermarket chain. The Competition and Markets Authority (CMA) said the preliminary "invitation to comment" was the first part of its information-gathering process, in advance of a formal investigation starting. The CMA said it was also likely to proactively contact companies and organisations that are active in the markets affected by the deal, such as suppliers, competitors, industry bodies and consumer organisations.
- Reuters - UK Focus•8 days ago
UK competition regulator seeks views on Sainsbury's/Asda deal
Britain's competition regulator has invited all interested parties to submit their views on a proposed 7.3 billion pound ($9.9 billion) deal to combine Sainsbury's with Walmart's Asda supermarket chain. The Competition and Markets Authority (CMA) said the preliminary "invitation to comment" was the first part of its information-gathering process, in advance of a formal investigation starting. The CMA said it was also likely to proactively contact companies and organisations that are active in the markets affected by the deal, such as suppliers, competitors, industry bodies and consumer organisations.
- Bloomberg•9 days ago
U.K. Watchdog Seeks Views on Sainsbury-Asda Deal Ahead of Probe
The U.K.’s competition regulator is gearing up to review J Sainsbury Plc’s plans to buy Walmart Inc.’s Asda unit in a 7.3 billion-pound ($9.9 billion) deal, seeking feedback on possible negative effects from the tie-up between two of Britain’s biggest grocers. The Competition and Markets Authority on Friday said it was inviting comments until June 4 about the impact that the proposed merger could have on competition in the U.K., as part of its information gathering before being able to formally start investigating the transaction.
Reuters•9 days agoWalmart's first quarter margins under pressure, e-commerce rebounds
Walmart Inc (WMT.N) on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected. Walmart's gross margin, which has fallen for four consecutive quarters, was down 23 basis points in the quarter ended April 30. Within the U.S. division, operating income fell 3.1 percent from the prior year.
- Reuters - UK Focus•9 days ago
Walmart's Q1 margins under pressure, e-commerce rebounds
Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected. Walmart's gross margin, which has fallen for four consecutive quarters, was down 23 basis points in the quarter ended April 30. Within the U.S. division, operating income fell 3.1 percent from the prior year.
Reuters•9 days agoAhead of Sainsbury's takeover, Asda's recovery gains momentum
Asda, the British supermarket arm of Walmart (WMT.N) that is set to be acquired by Sainsbury's (SBRY.L), reported a fourth straight quarter of sales growth, saying its recovery under new management was gaining momentum. The firm also said on Thursday it was pleased with the response of its 146,000 workforce to last month's 7.3 billion pounds cash and shares deal that will see Sainsbury's combine with Asda to overtake Tesco as Britain's biggest supermarket group. Asda, the UK's third largest grocer after Sainsbury's and market leader Tesco (TSCO.L), said like-for-like sales, excluding fuel, rose 3.4 percent in the three months to March 31, its fiscal first quarter.
- Reuters - UK Focus•9 days ago
Ahead of Sainsbury's takeover, Asda's recovery gains momentum
Asda, the British supermarket arm of Walmart that is set to be acquired by Sainsbury's , reported a fourth straight quarter of sales growth, saying its recovery under new management was gaining momentum. The firm also said on Thursday it was pleased with the response of its 146,000 workforce to last month's 7.3 billion pounds ($9.9 billion) cash and shares deal that will see Sainsbury's combine with Asda to overtake Tesco (Frankfurt: 852647 - news) as Britain's biggest supermarket group.
- Zacks•9 days ago
The Zacks Analyst Blog Highlights: BP, Domino's Pizza Group, Aptiv, Tesco and J Sainsbury
The Zacks Analyst Blog Highlights: BP, Domino's Pizza Group, Aptiv, Tesco and J Sainsbury
- Reuters•17 days ago
Morrisons quells fears over Sainsbury's-Asda with robust trading
Morrisons (MRW.L), Britain's No. 4 supermarket chain, beat forecasts for quarterly sales, helping to subdue fears that it could be the major loser from Sainsbury's (SBRY.L) proposed 7.3 billion pound ($10 billion) takeover of Walmart's (WMT.N) Asda. Sainsbury's, the UK industry's No. 2, merging with Asda, the No. 3, would be a major challenge for Morrisons. While Morrisons would become No. 3 it would be about a third of the size of Sainsbury's-Asda and Tesco (TSCO.L), the current market leader.
Reuters•17 days agoNext raises profit forecast after spring thaw boosts sales
British clothing retailer Next (NXT.L) upgraded its full-year profit forecast on Thursday, after an improvement in the weather in April led to better-than-expected first-quarter sales. Shares in Next rose 6.2 percent, the top FTSE riser, after it guided towards a full-year pretax profit of 717 million pounds ($972 million), up from a previous forecast of 705 million pounds. First quarter sales were driven by erratic weather.
- Reuters - UK Focus•17 days ago
Morrisons quells fears over Sainsbury's-Asda with robust trading
Morrisons, Britain's No. 4 supermarket chain, beat forecasts for quarterly sales, helping to subdue fears that it could be the major loser from Sainsbury's proposed 7.3 billion pound ($10 billion) takeover of Walmart's Asda. Sainsbury's, the UK industry's No. 2, merging with Asda, the No. 3, would be a major challenge for Morrisons. While Morrisons would become No. 3 it would be about a third of the size of Sainsbury's-Asda and Tesco (Frankfurt: 852647 - news) , the current market leader.
- Reuters - UK Focus•17 days ago
Next raises profit forecast after spring thaw boosts sales
British clothing retailer Next (EUREX: NXTJ.EX - news) upgraded its full-year profit forecast on Thursday, after an improvement in the weather in April led to better-than-expected first-quarter sales. Shares in Next rose 6.2 percent, the top FTSE riser, after it guided towards a full-year pretax profit of 717 million pounds ($972 million), up from a previous forecast of 705 million pounds. First (Other OTC: FSTC - news) quarter sales were driven by erratic weather.
- Reuters•17 days ago
Walmart to pay $16 billion for control of India's Flipkart, shares slide
NEW YORK/MUMBAI (Reuters) - Walmart Inc (WMT.N) said on Wednesday it will pay $16 billion (11.81 billion pounds) for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc (AMZN.O) in an important growth market. Shares of Walmart fell 3 percent. Walmart's acquisition opens a new front in its battle with Amazon, which had expressed interest in making a competing offer.
- Reuters - UK Focus•17 days ago
Walmart to pay $16 bln for control of India's Flipkart, shares slide
MUMBAI/NEW YORK, May 9 (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, and shares of the U.S. retailer tumbled 4 percent on news of its largest-ever deal, an effort to compete with rival Amazon.com Inc in an important growth market. Shares (Berlin: DI6.BE - news) of Walmart fell 4 percent in afternoon trade after opening at a seven-month low as the company warned it expects the deal to shave fiscal 2019 earnings by 25-30 cents per share if it closes before the end of the second quarter. It also expects Indian investments to shave 60 cents per share from earnings in fiscal 2020.
- Reuters•18 days ago
Ocado courts global food retailers with robot army
As 600 robots swarm on a grid overhead, the technology boss of British online supermarket pioneer Ocado (OCDO.L) explains why its new high-tech plant has caught the attention of the world's retail bosses who are racing to crack internet food shopping. In the last six months three of the biggest have turned to Ocado, set up by three former Goldman Sachs bankers 18 years ago. The deals followed the development of Ocado's 240,000 square foot distribution centre in Andover, southern England, that pulls together an average order of 50 items in a matter of minutes as opposed to the several hours taken by its older centres.
- Bloomberg•18 days ago
Sainsbury CEO Coupe Gets Over Gaffe With $2.4 Million Payout
When J Sainsbury Plc Chief Executive Officer Mike Coupe was caught on camera last week singing “We’re in the Money,” he was right about one thing. Following Sainsbury’s $10 billion deal to acquire Walmart Inc.’s Asda, Coupe has received 608,700 shares as part of the company’s long-term incentive plan, according to a stock-exchange filing Tuesday. Helped by the 15 percent surge in Sainsbury’s stock on the day the deal was announced, they’re now worth a handy 1.8 million pounds ($2.4 million).
- Reuters - UK Focus•21 days ago
Amazon unsuccessfully approached UK supermarket Waitrose in 2017 - Sunday Times
Amazon made an unsuccessful informal attempt to buy upmarket British supermarket chain Waitrose late last year, the Sunday Times newspaper reported. Citing an unidentified source, the newspaper said Amazon's vice president of special projects, Ajay Kavan, approached an unnamed director of John Lewis Partnership, the department store-led retail group of which Waitrose is part. One director had several "enormously informal" discussions with Amazon in November but John Lewis's chairman, Charlie Mayfield, refused to discuss a tie-up further, the newspaper said.
- Forbes•22 days ago
Walmart's Sale Of Asda To Sainsbury's Reflects A Refocusing Of International Operations
This week, Walmart announced that it will merge its UK operation, Asda, with British grocery rival Sainsbury’s. Walmart will hold a 42% stake in the new company, but, in practice, this marks its retreat from the UK market in the face of fierce competition from discounters Aldi and Lidl. The move apparently also reflects a refocusing of Walmart’s global operations under its new International CEO, Judith McKenna, who was appointed in January.
- Reuters•23 days ago
Battle lines drawn in £7.3 billion Sainsbury's-Asda deal
If Sainsbury's is to succeed in its $10 billion (7.3 billion pound) bid for Walmart's Asda and become Britain's largest supermarket it will have to persuade regulators that changes in the way people shop mean previous anti-trust rulings no longer apply. Britain's Competition and Markets Authority (CMA) has said it is likely to review the biggest deal in the sector for 15 years. Competition lawyers say Sainsbury's and Asda face an uphill battle to get the bid passed without having to sell off so many stores that it removes the rationale for the deal.
Reuters•23 days agoMPs seek answers from regulator on Sainsbury's/Asda probe
MPs said on Thursday they were seeking information from Britain's competition regulator regarding concerns over Sainsbury's' (SBRY.L) proposed 7.3 billion pounds takeover of Walmart (WMT.N) owned rival Asda. In a letter to the Competition and Markets Authority (CMA) the chairs of two parliamentary committees said their members had concerns over the impact the deal would have on the grocery supply chain, particularly as the new business, combining the No. 2 and No. 3 players, and current market leader Tesco (TSCO.L) would dominate the market. The chairs of Parliament's Business select committee and the Environment Food and Rural Affairs Committee said their members also had concerns about the impact of the deal on consumer choice.
- Reuters - UK Focus•23 days ago
Vodafone closes in on game-changing Liberty Global deal
Vodafone is nearing a transformational deal to buy continental European assets from cable giant Liberty Global (Frankfurt: A1W0FL - news) and could announce an agreement next week, three sources familiar with the matter told Reuters. Talks between the two companies about a deal for Liberty's German and Eastern European cable operations are nearing a conclusion, according to the sources. John Malone's Liberty will report its first-quarter results on May 9 after the U.S. market closes and Vodafone has its annual results the following week on May 15.
- Reuters - UK Focus•23 days ago
UK lawmakers seek answers from regulator on Sainsbury's/Asda probe
British lawmakers said on Thursday they were seeking information from Britain's competition regulator regarding concerns over Sainsbury (Amsterdam: SJ6.AS - news) 's' proposed 7.3 billion pounds ($9.9 billion) takeover of Walmart owned rival Asda. In a letter to the Competition and Markets Authority (CMA) the chairs of two parliamentary committees said their members had concerns over the impact the deal would have on the grocery supply chain, particularly as the new business, combining the No. 2 and No. 3 players, and current market leader Tesco (Swiss: TSCO.SW - news) would dominate the market. The committee chairs said they wanted information on the anticipated timing and length of the CMA's investigation and the scope of the probe, including whether evidence will be sought from suppliers to grocery retailers.
