Sainsbury’s shares dip despite £800m shareholder payout plan Retail Sainsbury’s share price has dipped by over 4 per cent on Friday morning following its Q3 results, which revealed grocery sales at the FTSE 100 giant grew by over 5 per cent during the festive period. The boss of the supermarket chain said it “won grocery market share for the sixth consecutive Christmas” after grocery [...]
Christmas grocery shopping hits fresh high while Brits make budget trimmings Retail Brits splashed out on groceries in the run-up to Christmas but watched their budgets more than ever, as own-brand products and cut-price veg caught the eyes of shoppers. Festive grocery sales increased by 3.8 per cent on the previous year, as Brits spent a record £13.8bn on Christmas supermarket shops amid moderately easing retail inflation [...]
FTSE 100 Live: Next gets Christmas boost; JLR sales crash after cyber attack Markets Good morning and welcome back to the City AM liveblog. British defence stocks were taken for a ride on Monday after rising geopolitical tensions put heightened investor appetite. It was the City’s defence giants Babcock and BAE leading the FTSE 100 to start the week, alongside gold miners who were benefiting from the surging price [...]
Bank of England Live: Bailey refuses to confirm if Budget influenced rates decision November 6, 2025 Welcome back to the City AM liveblog. Andrew Bailey has refused to confirm whether the upcoming Budget and Rachel Reeves’ recent comments influenced his decision on interest rates. The Bank of England has held interest rates at four per cent in its final decision before the Autumn Budget. The Bank’s Monetary Policy Committee (MPC) voted [...]
Sunny spring boosts sales at Sainbury’s July 1, 2025 Sainsbury’s has reported a boost in fresh food sales this spring despite growing competition in the UK’s supermarket sector. The FTSE 100 company said that overall sales grew 4.9 per cent in the 16 weeks to June 21, ahead of the market. Grocery sales grew 4.9 per cent, while non-food sales grew 4.2 per cent. [...]
Share price down after Sainsbury’s reported bumper Christmas January 10, 2025 Sainsbury's claims to have won the grocery market share for the fifth consecutive Christmas, with sales up nearly four per cent
Tesco and Sainsbury’s to shed light on Christmas sales performance January 5, 2025 The UK’s biggest supermarket groups will shed light next week on how they fared over the key Christmas period amid pressure on shoppers’ budgets. Tesco and Sainsbury’s will both provide third-quarter updates for investors and analysts, where they will reveal their sales for the weeks running up to Christmas. Both grocers are expected to reveal [...]
Retail bosses warn of £7bn cost burden after Budget November 19, 2024 UK retail bosses have written to the Chancellor to warn of the wide-ranging damage from the Autumn Budget on their sector, including “inevitable” job losses and price rises. In a letter coordinated by the British Retail Consortium (BRC), 79 signatories, including bluechip retailers Tesco, Next, and Greggs, said they had “significant concerns” about the impact [...]
Businesses warn of £400m in extra costs after Reeves’s Budget tax raid November 8, 2024 Businesses across the UK are sounding the alarm over rising costs after Rachel Reeves raised taxes by some £40bn at the Budget last week. The Chancellor announced that employer’s national insurance contributions (NIC) will increase by 1.2 per cent to 15 per cent, and the threshold at which businesses start paying the levy will be [...]
Snack hack: Tesco follows Sainsbury’s with ice cream meal deal July 25, 2024 Sainsbury’s and Tesco have taken meal deal enthusiasts by storm, with a new item added to their popular lunchtime offer. Now, in addition to your usual sandwich and drink, you can pick up an ice cream or lolly to complete your meal deal at both supermarkets. At Tesco, this could see you set with a [...]