|Bid||205.20 x 0|
|Ask||205.60 x 0|
|Day's range||203.40 - 212.50|
|52-week range||171.19 - 20,130.00|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||114.44|
|Earnings date||30 Apr 2020|
|Forward dividend & yield||0.11 (5.25%)|
|Ex-dividend date||14 Nov 2019|
|1y target est||317.00|
Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus. What's more, the lockdown has temporarily transferred the eating out market - bars, cafes, restaurants, school meals and workplace canteens - to the home, shifting about 30% of the nation's food consumption back to stores. "The problem is, can you feed 60 million people at the rate you can get people through the stores with that social distancing?" one industry executive told Reuters.
Sainsbury’s is to ease some of its shopping restrictions on the number of items customers can buy but allows only one adult per household to shop.
Clipper Logistics said it had already begun delivering personal protective equipment to NHS hospitals across the UK.
British supermarket group Sainsbury's said on Friday it would start to remove the customer purchasing limits it imposed as a response to increased demand during the coronavirus emergency. Limits will remain in place on the most popular items which include UHT milk, pasta and tinned tomatoes, he said.
Walmart, the world's largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation. The U.S. group had said in February it was talks with possible buyers of a stake in Asda, which it failed to combine with UK rival Sainsbury's last year.
Morrisons have told staff to expect a bonus of over £1,000 as coronavirus fears made March the biggest month on record for grocery sales.
As supermarkets are allowed to remain open as 'essential shops' Sainsbury's has kept Argos concessions within stores open, but workers are concerned about the health risks.
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A record £10.8bn was spent in supermarkets and corner shops over the last four weeks, according to market research firm Kantar Worldpanel.
Britons made over 79 million extra grocery shopping trips in the four weeks to March 21 year-on-year as they stocked their "pandemic pantries", driving a 20.5% jump in supermarket sales, industry data published on Tuesday showed. Market researcher Nielsen said British consumers spent an additional 1.9 billion pounds ($2.4 billion) on groceries. The data showed that in the week ending March 21, two days before Prime Minister Boris Johnson announced the full UK lockdown to try to contain the coronavirus spread, sales rose 43% compared to the same period last year.
British supermarkets are frantically trying to build up their online operations during the coronavirus emergency but no matter how hard they work they will not have enough capacity to meet unprecedented levels of demand. With Britain in lockdown, analysts estimate about 25% of food purchasing has switched from cafes, restaurants and bars to the grocery retail sector as people adapt to the new way of living. Prior to the health crisis about 8% of British grocery demand was ordered online, with 92% bought in stores.
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Supermarkets in England will prioritise delivery slots for the most vulnerable people during the Covid-19 pandemic, using government data.
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British supermarket Sainsbury's said on Wednesday it would help its smaller suppliers during the coronavirus emergency by paying them immediately and making finance available. The country's supermarket sector is facing unprecedented demand during the outbreak as consumers stock-up fearing a prolonged period of isolation, while schools, pubs, cafes and restaurants have been forced to close. Sainsbury's, Britain's second largest supermarket group after Tesco , said its assistance to smaller suppliers will help them to increase production volumes quickly so they can meet customer demand.
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