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Sainsbury (J) PLC Add to portfolio

LON100:SBRY, Nov 15, 03:35 UTC

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Asda sales outperform Sainsbury's ahead of merger

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Terms of service. Asda sales outperform Sainsbury's ahead of merger. 15 November 2018 • 1:52 PM. Asda's turnaround efforts appear to be taking hold as it outperformed its merger partner Sainsbury's in the third quarter of the year. Like-for-like sales, a key measure that strips out stores that opened during the year, rose 2pc in the three months to Sept 30, marking its sixth quarterly increase in a row. The Walmart-owned supermarket, which plans to merge with rival Sainsbury's in a £15bn deal, lured an extra 115,000 shoppers through its doors with lower prices and an improved range of own-brand groceries, including 113 new 'Free From' products.

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Yesterday


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Oh God! Is the Sainsbury’s/Asda merger doomed to fail?

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The FTSE 100 supermarket’s share price has ascended almost 40% since the business announced that it was seeking a tie-up with Asda to dethrone Tesco and create Britain’s biggest grocery chain. The rationale behind the deal was that it would “enable investment in areas that will benefit customers the most: price, quality, range and creating more flexible ways to shop in stores and through digital channels,” with Sainsbury’s predicting that prices on some of the most popular products could fall by around 10%. ‘Supplier B’, as it is simply known, said that the merger would have “significant negative implications and raise material competition issues at all levels of the supply and distribution chain, which ultimately will be extremely detrimental for consumer welfare.” It added that the move could “facilitate collusion” between the new entity and Tesco “ultimately harming consumers.”. These data showed that Sainsbury’s was the worst performing of the country’s so-called Big Four chains during the 12 weeks to November 4, its till rolls falling for the first time since June and slipping 0.6% year-on-year. But of course there is no guarantee that the merger will give sales the much-needed injection Sainsbury’s so desperately requires given the rampant progress that Aldi and Lidl are making. As Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel commented: “Five years ago, just under half of British households were visiting one of the discount retailers at least once in a 12 week period.

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Rival Retailers Say Sainsbury's - Asda Deal Will...

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You have been redirected here from Hemscott.com as we are merging our websites to provide you with a one-stop shop for all your investment research needs. Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results. Morningstar.co.uk contains data, news and research on shares and funds, unique commentary and independent Morningstar research on a broad range of investment products, and portfolio and asset allocation tools to help make better investing decisions. For more information:. Morrisons said: "The market structure at a national level has remained similar since 2008 with four large retailers that have actually increased market share. Moreover, despite the recent growth of Aldi and Lidl, the presence of Limited Assortment Discounters in the UK groceries market is not new and nor is their business model, and most consumers continue to rely on large grocery stores with a wide product selection for a weekly or fortnightly grocery shop."

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Tuesday, November 13


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Sainsbury's-Asda deal 'extremely detrimental' to consumers, says supplier

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LONDON, Nov 13 (Reuters) - Sainsbury's proposed takeover of Asda would be "extremely detrimental" to consumers, an unidentified major supplier to the supermarket groups has argued in a submission to Britain's competition regulator. Sainsbury's agreed in April a 7.3 billion pounds ($9.5 billion) cash and shares takeover of Wal-Mart's Asda - a combination that could overtake Tesco as Britain's biggest supermarket group if it is approved by the Competition and Markets Authority (CMA). The CMA is currently investigating the deal and seeking views from interested parties. A submission from "supplier B", published on Tuesday, said the combined group and Tesco would benefit from a duopoly with 60 percent of Britain's grocery market.

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J Sainsbury plc (SBRY) Insider Martin Scicluna Purchases 15,000 Shares – Marea Informative

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J Sainsbury plc (LON:SBRY) insider Martin Scicluna acquired 15,000 shares of J Sainsbury stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average price of GBX 321 ($4.19) per share, for a total transaction of £48,150 ($62,916.50). J Sainsbury plc has a 1-year low of GBX 222.40 ($2.91) and a 1-year high of GBX 339.89 ($4.44). Berenberg Bank reaffirmed a “buy” rating and set a GBX 369 ($4.82) target price (up from GBX 300 ($3.92)) on shares of J Sainsbury in a report on Monday, September 17th.

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Monday, November 12


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Shoppers slam Sainsbury’s as Nectar card glitch means some customers haven’t received ‘double-up’ vouchers

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Between October 29 and November 4, Sainsbury’s shoppers could exchange 1,000, 2,000 or 5,000 worth of Nectar points for a double up voucher to use either in store or online. So, 1,000 points becomes £10 to use at Sainsbury’s instead of the usual £5, for example. Sainsbury’s terms and conditions state that Double Up vouchers ordered online will be issued by post between 29 October and 4 November. But shoppers have taken to social media to complain that their vouchers have yet to arrive and that stores aren’t letting them reserve items they’d been waiting to buy. Vicky tweeted Sainsbury’s on November 10 to say she’d ordered her vouchers on October 31 to buy Christmas presents for her children but as her vouchers haven’t arrived she might lose out on the items she was hoping to buy. Sadly, if you don’t use your double up vouchers by Sunday they’ll expire and Sainsbury’s won’t let you exchange them for cash or Nectar points. But it’s not just missing vouchers that has aggrieved shoppers – some are also reporting being sent the WRONG vouchers.

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Friday, November 09


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Black Friday 2018 supermarket opening times for Tesco, Asda and Sainsbury's

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Despite the closure of Tesco Direct, the brand’s online store, Tesco is set to have some big deals in store. In previous years Tesco have closed some of their 24-hour stores at midnight on the day before – Thursday November 22 this year – so staff have time to prepare for the Black Friday madness. Other branches tend to open earlier – at 5am – in order to maximise sales, and closing times will vary depending on location. You can check your local Tesco’s opening hours here. What are Asda’s opening hours on Black Friday? Asda has confirmed it will not be taking part in the one-day sale this year.

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Sainsbury’s merger ‘will hit shoppers’

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The subscription details associated with this account need to be updated. Please update your billing details here to continue enjoying your access to the most informative and considered journalism in the UK. Detailed submissions to the competition watchdog from rivals and suppliers about the proposed tie-up between Britain’s second and third largest grocers have revealed the full extent of opposition to a merger that will change the face of the grocery business. It also believes that its rivals are overstating the importance of the discounters Aldi and Lidl, claiming that most consumers continue to rely on large….

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Thursday, November 08


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Sainsbury’s warns of ‘unprecedented times’ for consumers

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Sainsbury’s has added to fears over lacklustre consumer spending in the run up to Christmas, as it warned over an uncertain outlook amid “unprecedented times”. The supermarket giant set the scene for a more difficult festive trading period as signs point to consumer retrenchment in the face of Brexit worries. The comments came as Sainsbury’s reported a 40% slump in bottom-line profits to £132 million for the six months to September 22 after a raft of costs, including store restructuring and expenses related to its planned £12 billion merger with Big Four rival Asda. But on an underlying basis, pre-tax profits rose 20% to £302m. Sainsbury’s boss Mike Coupe said the group was facing “unprecedented times” as the country is left waiting for news of a Brexit deal with less than six months to go until the March 29 withdrawal date.

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Sainsbury's boss warns food 'can't be stockpiled' for no-deal Brexit

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Media player. Media playback is unsupported on your device. Video. Sainsbury's boss warns food 'can't be stockpiled' for no-deal Brexit. Sainsbury's boss Mike Coupe tells BBC Breakfast much of their food imports are perishable and therefore "can't be stockpiled" in preparation for a no-deal Brexit. The supermarket has about 20 distribution centres in the UK that can hold about a week's worth of food. Mr Coupe told Ben Thompson any hold-ups in importing food would reduce shelf-life and increase costs, but he is optimistic a Brexit deal will be struck. More On:.

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