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Sainsbury (J) PLC Add to portfolio

LON100:SBRY, Nov 21, 04:21 UTC

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Monday, November 18


News

Huge Sainsbury's store to open this week in South Woodham Ferrers

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The supermarket store will also feature a petrol station, a medical station, and a 450 space car park. The store will also have an Argos store inside, as well as a Specsavers. "Our team of colleagues – many of whom are new to Sainsbury’s – have worked extremely hard to get the store ready and are very excited to welcome and serve customers. "We are looking forward to becoming a part of the South Woodham Ferrers community and look forward to building our local relationships in the future.”. Sorry, an error occurred. Are you sure you want to delete this comment?Yes, delete the commentNo, keep the comment.

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The Sainsbury’s share price has fallen 33% in a year. Time to buy?

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The Sainsbury’s share price has fallen 33% in a year. The share price this year is at its lowest level on the chart I’m looking at — and the chart goes back to 1990! The dividend per share (DPS) has been similarly disappointing, and is expected to be cut to a new low this year. If you’d invested in Sainsbury’s before its interim ex-dividend date in November 2013, you’d have paid around 400p a share and gone on to pick up a decade-high 17.3p annual DPS, giving you a nice yield of 4.3%. However, today, you’d not only be sitting on a near-50% capital loss, but also (after multiple dividend cuts) be in for a yield of just 2.5% this year on your original investment. Back in the summer, following its failed attempt to merge with Asda, I characterised Sainsbury’s as “a weak player in a tough market, and a company whose earnings outlook is deteriorating.”.

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Monday, November 11


News

UPDATE 1-Britain's Sainsbury's in wholesale deal with Australia's Coles

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UPDATE 1-Britain's Sainsbury's in wholesale deal with Australia's Coles. LONDON, Nov 11 (Reuters) - 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. 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. Sainsbury's is stepping-up its pursuit of wholesale business after its botched attempt to take over rival supermarket group Asda for 7.3 billion pounds ($9.3 billion).

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Friday, November 08


News

Sainsbury’s yield hits a tasty 5.4%. Why I still say Tesco is a better buy

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The UK’s second largest supermarket J Sainsbury (LSE:SBRY) posted some pretty rubbish numbers in its interim half-year results. However, bosses pumped up dividends by 3% to 6.6p. So is there any value in buying the cheaper Sainsbury’s share price with the yield now at 5.4%? After all, CFO Kevin O’Byrne highlighted “strong retail cash flow generation of £698m“, and Sainsbury’s shares are trading at only 9 times trailing earnings. Sainsbury’s overall sales across the first half of 2019 were down 0.2%, with retail dipping 0.6% and like-for-like sales under water by 1%. The interim dividend of 2.65p is 59% higher than last year’s effort, and City analysts expect an 11.5% hike in earnings per share over the next three years. So while I think Tesco is a better option, would I buy it?

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Thursday, November 07


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Sainsbury's fears consumer hangover after Christmas splurge

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LONDON (Reuters) - British supermarket group Sainsbury's (SBRY.L) 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. We would expect that we'll do well over Christmas," Sainsbury's CEO Mike Coupe told reporters. "But depending on the outcome of the election and how quickly we get the whole Brexit situation resolved, there may well be a hangover into the new calendar year," he said. The group made an underlying pretax profit of £238 million in the 28 weeks to Sept. 21 - ahead of analysts' average forecast of £232 million but down from £279 million made in the same period last year.

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News

What to Watch: Bank of England, EU cuts growth forecast, Sainsbury's woes

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The Bank of England is set to keep interest rates on hold at 0.75% on Thursday, but downgrade Britain’s economic outlook as prolonged Brexit uncertainty takes its toll. The noon rates decision will be accompanied by the bank’s latest set of forecasts in its now renamed Monetary Policy Report, which are expected to slash its 2020 growth outlook from the 1.3% previously pencilled in. Economists believe it may also cut the ambitious 2.3% growth forecast for 2021, given signs of strain in the UK economy amid political wrangling and Brexit uncertainty, with the withdrawal deadline pushed back again to January 31. It also hinted at the possibility that rates may need to be cut if Brexit is delayed again, and since then two MPC members have voiced support for the case for a rate reduction in such circumstances.

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UPDATE 1-Sainsbury's profit falls 15% after failure of Asda deal

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The 150-year old group did, however, forecast on Thursday that second half profits would benefit from the annualisation of last year's staff wage increase and a normalisation of marketing costs and weather comparatives - implying it was on track to make analysts' profit consensus for the full 2019-20 year. The first half profit fall comes as Sainsbury's tries to rebuild confidence in its strategy following a botched attempt to take over rival Asda. Britain's competition regulator blocked the agreed 7.3 billion pound ($9.4 billion) deal in April and Sainsbury's shares have fallen 34% over the last year. The group made an underlying pretax profit of 238 million pounds in the 28 weeks to Sept. 21.

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UPDATE 1-Sainsbury's profit falls 15% after failure of Asda deal

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The 150-year old group did, however, forecast on Thursday that second half profits would benefit from the annualisation of last year's staff wage increase and a normalisation of marketing costs and weather comparatives - implying it was on track to make analysts' profit consensus for the full 2019-20 year. The first half profit fall comes as Sainsbury's tries to rebuild confidence in its strategy following a botched attempt to take over rival Asda. Britain's competition regulator blocked the agreed 7.3 billion pound ($9.4 billion) deal in April and Sainsbury's shares have fallen 34% over the last year. The group made an underlying pretax profit of 238 million pounds in the 28 weeks to Sept. 21.

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Wednesday, November 06


News

Sainsbury’s (LON:SBRY) share price: 3 things to watch out for in its half-year results

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CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. The British supermarket has seen its shares rebound from a 30-year low, though its first half performance is unlikely to be strong enough to drive further gains. Goldman Sachs upgraded its rating for the stock to ‘neutral’ in November and issued a 220p price target ahead of Sainsbury’s half-year results. As it stands, Sainsbury’s share price closed at 206p on Wednesday. Therefore, Goldman Sachs’ analysts think that the stock has a potential upside of 7.3%. You can go long or short Sainsbury’s with IG using derivatives like CFDs.

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Monday, November 04


News

Aldi, Nando's, Asda, Iceland, Lidl, Morrisons and Sainsbury's all now included in huge houmous recall - Gloucestershire Live

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Brands of houmous sold at supermarket chains across the country are being recalled amid fears they could be contaminated with the salmonella food poisoning bug. It now includes a huge range of products sold at stores including Nando's, Waitrose, John Lewis, Iceland, Booker, Sainsbury's, Asda and Spar. It is the second extension of the recall by Zorba Delicacies Limited, extending the recall to include additional brands and flavours of houmous because the products may contain salmonella. Use by 28 October to 9 November 2019. ASDA 30% Less Fat Houmous Stacker [Plain flavour].

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