SBRY.L - J Sainsbury plc

LSE - LSE Delayed price. Currency in GBp
187.40
-3.60 (-1.88%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous close191.00
Open191.85
Bid187.90 x 0
Ask187.95 x 0
Day's range187.40 - 192.53
52-week range171.19 - 20,130.00
Volume8,974,454
Avg. volume13,480,024
Market cap4.163B
Beta (5Y monthly)0.39
PE ratio (TTM)32.31
EPS (TTM)5.80
Earnings date30 Apr 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date14 Nov 2019
1y target est317.00
  • Coronavirus: Supermarket price war as unemployment rises
    Yahoo Finance UK

    Coronavirus: Supermarket price war as unemployment rises

    Supermarkets continue to cut prices in a bid to win market share from discounters Aldi and Lidl.

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  • A meal deal will cost you at least £300 worth of supermarket loyalty points
    Yahoo Finance UK

    A meal deal will cost you at least £300 worth of supermarket loyalty points

    Loyalty schemes can provide good offers, but you’ll need to spend an eye-watering amount before you get a free item.

  • Looking for a rising passive income in retirement? I’d check out the Sainsbury’s share price
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  • New Sainsbury's boss says focus is on crisis, not strategic thinking
    Reuters

    New Sainsbury's boss says focus is on crisis, not strategic thinking

    The new chief executive of Sainsbury's <SBRY.L> said his focus was on steering Britain's second biggest supermarket group through the coronavirus crisis rather than new strategic thinking. Simon Roberts succeeded Mike Coupe as CEO on June 1. "When I took this job back in January I didn't expect of course all the events that have ensued since," he told reporters on Wednesday after Sainsbury's reported first-quarter results.

  • Sainsbury's warns of £500m COVID-19 hit as grocery sales jump 10%
    Yahoo Finance UK

    Sainsbury's warns of £500m COVID-19 hit as grocery sales jump 10%

    Sainsbury’s has hired 25,000 new workers since the crisis struck and has installed 40,000 plexiglass screens in its shops to protect staff and workers,

  • New Sainsbury's boss debuts with lockdown boosted sales rise
    Reuters

    New Sainsbury's boss debuts with lockdown boosted sales rise

    Sainsbury's <SBRY.L> sales soared during Britain's coronavirus lockdown last quarter, but the retailer cautioned it expects flat annual profits due to extra costs related to the pandemic. The group, whose CEO Simon Roberts succeeded company veteran Mike Coupe on June 1, said on Wednesday like-for-like retail sales rose 8.2% in the 16 weeks to June 27, with the lockdown and warm weather driving a 10.5% increase in grocery sales and a 10.7% surge at its Argos general merchandise business. All of Britain's big four supermarket groups - market leader Tesco <TSCO.L> Sainsbury's, Morrisons <MRW.L> and Asda <WMT.N> - have seen grocery sales boosted by the lockdown as closed bars and restaurants have forced Britons to eat and drink at home.

  • Brokers upbeat on J Sainsbury despite economic uncertainty
    Stockopedia

    Brokers upbeat on J Sainsbury despite economic uncertainty

    The J Sainsbury (LON:SBRY) share price has risen by 12.1% over the past month and it’s currently trading at 206.2. For investors considering whether to buy, ho...

  • Coronavirus: Surge in Ocado sales pushes online juggernaut’s market share to new high
    Yahoo Finance UK

    Coronavirus: Surge in Ocado sales pushes online juggernaut’s market share to new high

    A surge in sales at Ocado pushed the online supermarket’s market share to its highest-ever level over the past 12 weeks.

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  • The EMpower Top 20 Advocate Executive Role Models 2020
    Yahoo Finance UK

    The EMpower Top 20 Advocate Executive Role Models 2020

    This list celebrates senior leaders who are not people of colour but are dedicated to creating a more diverse and inclusive business environment for ethnic minority employees.

  • Here’s How a No-Deal Brexit Would Shock Virus-Hit U.K. Companies
    Bloomberg

    Here’s How a No-Deal Brexit Would Shock Virus-Hit U.K. Companies

    (Bloomberg) -- Trade talks between the EU and U.K. have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect.It’s a scenario that would deepen the economic pain inflicted by the coronavirus pandemic, with companies already reeling from the damage of the national lockdown and the economy heading for its deepest recession in centuries. Unemployment has surged and Prime Minister Boris Johnson is caught between trying to revive businesses while avoiding a deadly second spike of the disease.All the while, negotiations with the EU for a comprehensive economic agreement to replace the U.K.’s decades-long membership of the bloc have stalled badly, with both sides unwilling to budge on fundamental issues. The stand off pushes both parties toward a no-deal Brexit that would create a serious strain for companies.“For businesses, jobs and economic confidence in this most challenging of years, this would be a shocking outcome,” said Carolyn Fairbairn, director-general of the Confederation of British Industry. “For many firms fighting to keep their heads above water through the crisis, the idea of preparing for a chaotic change in EU trading relations in seven months is beyond them.”The impasse in the U.K.-EU trade talks comes down to a basic disagreement. In exchange for a zero-tariff, zero-quota deal, the EU wants the U.K. to sign up to provisions that would prevent Britain from undercutting it in areas like environmental and labor regulation, and state aid -- the so-called level playing field. Downing Street refuses, seeing the demand as inconsistent with the principle of sovereignty that was core to the Brexit vote.If sufficient progress in the talks isn’t made this month, the U.K. says it will break off negotiations and tell businesses to prepare for a no-deal split. Johnson has repeatedly categorically ruled out delaying the final stage of Brexit beyond the end of 2020.Here’s what that no-deal outcome would mean for business in Britain:ManufacturingJapanese carmaker Nissan Motor Co., which employs 6,000 people at a plant in the Brexit-supporting town of Sunderland, has said its factory wouldn’t be sustainable because car exports to the bloc would face a tariff of 10%.“The Brexit issue does hang like a pall over the industry,” said Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders. “When you’re in a high-volume, low-margin business, the 10% tariff removes any chance of competitiveness.”Industrial heavyweights like German automaker BMW AG, which has a plant in Oxford, and aviation giant Airbus SE, which employs 13,500 people in the U.K. and makes plane wings in Wales, also face the prospect of border disruption snarling up their highly-efficient, just-in-time production lines. Trucks arriving at the U.K.-EU border without the correct paperwork will be stopped, risking lengthy queues and halting factories. Moreover, Britain has an acute shortage of customs agents to keep trade flowing.“Airbus remains concerned by the potential for a ‘no-deal’ in December 2020,” said spokesman Ian Middleton. “The shape of the future EU/U.K. relationship remains of critical importance for Airbus and its employees.”Another problem is an increased regulatory burden. Without a trade deal that deems U.K. and EU product standards equivalent, manufacturers in Britain would need to seek approval from both British and European regulatory bodies if they wish to sell their product in both markets. They may also have to set up separate production lines if they need to produce a good to two different regulatory standards.RetailGrocers like Tesco Plc, Wm Morrison Supermarkets Plc and J Sainsbury Plc would face a range of price increases: about 80% of food imported by supermarkets in the U.K. comes from the EU, according to the British Retail Consortium, and much of this would become subject to tariffs. For example, olives, mushrooms and satsumas would face a 16% levy, and some European wines would have a tariff of 17 pounds ($21) for every 100 liters.Source: U.K. Global TariffThere would also be higher costs due to new non-tariff barriers which will apply whether there is a U.K.-EU trade deal or not. Outside the EU’s customs union, traders in the U.K. will need to file customs declarations, which cost between 16 pounds and 56 pounds per product line, according to the BRC. Given retailers operate on slim margins, higher costs are likely to be passed on to consumers, the lobby group said.“The government’s priority for the food supply chain now should be to ensure a trade deal with the EU by 2021,” Victoria Durman, a spokesperson for Sainsbury’s, said in a statement. “We have detailed plans in place to keep stores operating normally and shelves full, whatever the Brexit outcome.”AgricultureThe U.K.’s farming industry sends about two-thirds of its exports to the EU, which would be subject to steep tariffs under a no-deal Brexit. They would be in excess of 40% for cuts of beef and lamb, and 15% for pork, making British produce less attractive for EU buyers and flooding the U.K. domestic market with the surplus.“A no-deal will be devastating,” said Ellie Phipps, policy officer at the National Sheep Association. “We need an export market.”On top of that, farmers will also face new, non-tariff barriers, regardless of whether a trade deal is signed. These include export health certificates, a form costing 100 pounds that’s required to export products of animal origin into the EU.These obstacles “will cause delays which are very undesirable for perishable products,” said Peter Hardwick, trade policy adviser at the British Meat Processors Association. They will also “take away some of the key competitive advantages the U.K. currently enjoys in its trade with the EU,” he said.ServicesServices make up 80% of the U.K. economy -- comprising a breadth of activities including IT, law, accountancy, insurance, consulting, architecture and hairdressing -- and Brexit will hurt the ability of British firms to do business in the EU, its largest export market for services.For example, without an agreement, professional qualifications in regulated industries like law and architecture wouldn’t be recognized, meaning U.K. nationals wouldn’t be able to provide that service in an EU member state unless they had been authorized to do so.The end of free movement of people between the U.K. and EU without any further agreement will also be costly, potentially requiring companies to pay for visas for business travel. That could hurt Britain’s ability to bring in workers to plug shortages in its labor market, particularly in the National Health Service, agriculture and hospitality.“The real trouble will come for smaller services providers,” said Anand Menon, director of the U.K. in a Changing Europe, a think tank that studies U.K.-EU relations. “If you’re a massive bank, you’ve got the resources to prepare and make contingency plans to set up a subsidiary inside the EU. If you’re a small firm, you might not have the resources to do that.”FinanceEver since the Brexit referendum in 2016, global banks such as HSBC Holdings Plc and JPMorgan Chase & Co. have planned for the possibility of losing access to the EU’s single market. It’s meant major financial institutions have set up offices and moved staff to cities like Frankfurt, Paris, Dublin and elsewhere in the bloc to ensure no disruption to operations.Wall Street’s London Outposts Are Braced for a Brexit BeatingStill, they’re pressing for the EU and U.K. to allow as many trades and business as possible to remain in Britain. Those so-called equivalence decisions for trading desks, markets and trillions of dollars worth of derivatives have yet to be reached. Without them, more jobs and capital could flow to the continent.If equivalence isn’t granted, “it divides the world into an increasing number of regions at a time where banks want to have liquidity and capital available to deploy where they need it around the world,” said Peter Bevan, a financial regulation partner at law firm Linklaters in London. “It brings the need for operational change, the expense of building out your European legal vehicles.”PharmaceuticalsFor pharmaceutical giants such as AstraZeneca Plc and GlaxoSmithKline Plc, a key Brexit concern is regulation. The U.K. is hoping for some form of mutual recognition of testing when it comes to drugs and devices, but discussions with the EU so far have made little progress on this front.“The most likely scenario today is that there is not full regulatory alignment,” said Hugo Fry, managing director of French drugmaker Sanofi’s U.K. business. The bigger issue now is making sure trade routes are uninterrupted so companies don’t have to stockpile unendingly, he said.The other major concern is whether the U.K. will become less attractive to scientists and investors in the sector. Industry groups have been lobbying hard for Britain to remain a participant in programs like Horizon 2020, which provides funding for research and innovation.EnergyThe U.K. imports about 10% of its power from continental Europe. After Brexit, British electricity systems will be decoupled from the European Internal Energy Market, but that doesn’t mean gas and power will stop flowing. However, trading could become less efficient and longer-term supply less certain, increasing costs for consumers. This would be especially true in times of unplanned supply interruptions or extreme weather.Northern IrelandBusinesses trading with and within Northern Ireland would face added headaches from a no-deal Brexit. Tariffs would be payable on goods crossing from the rest of the U.K. to Northern Ireland, to be reclaimed later through a rebate system if the product remained in Northern Ireland and didn’t cross the border into the Republic of Ireland, which is in the EU.Products of animal origin crossing from elsewhere in the U.K. to Northern Ireland -- such as a beef lasagna or chicken pie -- would require export health certificates and would be subject to health inspections at ports like Belfast and Larne. Goods trucks taking food to supermarkets regularly carry hundreds of product lines that would be hit by the new red tape, a potentially existential threat for some operations, said Aodhan Connolly, director of the Northern Ireland Retail Consortium.“It is a make-or-break issue for Northern Ireland retailers,” he said. “‘We’re looking at business models becoming unviable.”(Corrects wine measurement in 13th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • What does the future hold for the J Sainsbury share price?
    Stockopedia

    What does the future hold for the J Sainsbury share price?

    The J Sainsbury (LON:SBRY) share price has risen by 3.14% over the past month and it’s currently trading at 198.55. For investors considering whether to buy, h...

  • Coronavirus: Alcohol and takeaway sales soar under UK lockdown
    Yahoo Finance UK

    Coronavirus: Alcohol and takeaway sales soar under UK lockdown

    Kantar data also shows supermarket shoppers spending 50% more in store, and online grocery sales up 75%.

  • Coronavirus: Marks & Spencer profits sink 21% as stores shut and clothing sales drop
    Yahoo Finance UK

    Coronavirus: Marks & Spencer profits sink 21% as stores shut and clothing sales drop

    M&S has furloughed thousands of staff and expects the coronavirus to wipe £1.5bn off revenue as clothing sales have collapsed with stores shut.

  • Coronavirus: Aldi partners with Deliveroo for online orders
    Yahoo Finance UK

    Coronavirus: Aldi partners with Deliveroo for online orders

    Aldi will trial home delivery from its Daleside Road store in Nottingham and expand to the East Midlands from June if successful.

  • Coronavirus: Morrisons vows to 'feed the nation' as it recruits 25,000 extra staff
    Yahoo Finance UK

    Coronavirus: Morrisons vows to 'feed the nation' as it recruits 25,000 extra staff

    In-store sales are surged 10% since the lockdown but petrol sales have collapsed 70%, putting pressure on Morrisons' business.

  • Reuters - UK Focus

    UK supermarket Morrisons' sales get coronavirus lockdown boost

    British supermarket group Morrisons on Tuesday reported a 5.7% rise in group like-for-like sales in its latest quarter, with demand boosted by the country's coronavirus lockdown. Morrisons, Britain's fourth largest supermarket group after Tesco, Sainsbury's and Asda, said retail sales rose 5.1% in the 14 weeks to May 10, its fiscal first quarter, while wholesale revenue increased 0.6%.

  • Coronavirus to accelerate UK grocery's digital shift, says Sainsbury's boss
    Reuters

    Coronavirus to accelerate UK grocery's digital shift, says Sainsbury's boss

    The coronavirus pandemic is accelerating a digital shift in UK grocery shopping as Britons embrace home delivery, click and collect and technologies such as in-store scanning, the boss of Sainsbury's said on Thursday. Since the crisis started Sainsbury's, Britain's No 2 supermarket group, has increased online delivery and click and collect slots by nearly 50%, while sales volumes have nearly doubled. In Sainsbury's stores shopper participation in "Smartshop", which enables customers to use in-store handsets or their smartphone to scan their shopping as they go round the store, has gone "through the roof" said Chief Executive Mike Coupe.

  • What to watch: Record falls in French and Spanish GDP, Lloyds profit dives, and Shell cuts dividend
    Yahoo Finance UK

    What to watch: Record falls in French and Spanish GDP, Lloyds profit dives, and Shell cuts dividend

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Coronavirus: Sainsbury's still takes £500m COVID-19 hit despite grocery boom
    Yahoo Finance UK

    Coronavirus: Sainsbury's still takes £500m COVID-19 hit despite grocery boom

    Sainsbury's said rising grocery sales and tax relief would offset the 'significant cost' of protecting customers and colleagues.

  • Britain's Sainsbury's warns of $623 million coronavirus hit to profit
    Reuters

    Britain's Sainsbury's warns of $623 million coronavirus hit to profit

    British supermarket group Sainsbury's <SBRY.L> warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said decisions on paying dividends to shareholders would be deferred. Shares in Sainsbury's were down 5% at 1100 GMT, extending losses for 2020 to 14%. The group's base case assumes that lockdown restrictions ease by end-June, but that the business would continue to be disrupted until mid-September.

  • Sainsbury's warns of $623 million coronavirus hit to profit
    Reuters

    Sainsbury's warns of $623 million coronavirus hit to profit

    British supermarket group Sainsbury's <SBRY.L> warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said decisions on paying dividends to shareholders would be deferred. Shares in Sainsbury's were down 5% at 1100 GMT, extending losses for 2020 to 14%. The group's base case assumes that lockdown restrictions ease by end-June, but that the business would continue to be disrupted until mid-September.

  • Reuters - UK Focus

    Britain's Sainsbury's warns coronavirus costs could hit 500 mln stg

    British supermarket group Sainsbury's estimated a hit of 500 million pounds ($623 million) from the costs of dealing with the coronavirus pandemic and said it would defer any dividend payment decisions until later in the financial year. Sainsbury's, No 2 to market leader Tesco, said on Thursday that under its base case scenario the hit to costs would be broadly offset by stronger grocery sales and approximately 450 million pounds in business rates relief.

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