Sainsbury’s shares slide as ‘tough’ conditions slow growth Retail Shares in Sainsbury’s tumbled after the supermarket giant posted slowing sales growth and warned that shoppers are facing “tough” cost-of-living pressures. The UK’s second-largest supermarket saw its stock slide by nearly four per cent in early trading to 346p. This came despite the firm lifting the lower end of its full-year profit target from £965m [...]
As it happened: FTSE 100 losses ease as oil higher after Saudi drone attack FTSE 100 Live Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index is sliding this morning after a shaky week for trading. Oil pressures have climbed higher after a drone attack on Saudi Aramco’s Shaybah oil field killed two people. The incident renewed tensions in the Middle East and heightened concerns over further disruptions to [...]
Sainsbury’s hopes to regain narrative after Morrisons merger bombshell Retail Sainsbury’s is set to update the market on its latest numbers this week. But the City has one thing in mind: merger talks with Morrisons, writes Felix Armstrong As Sainsbury’s boss Simon Roberts gears up to face the market later this week, business hacks will be getting used to the usual riposte: no comment. The [...]
Sainsbury’s and Morrisons held talks over blockbuster merger October 5, 2026 Sainsbury’s walked away from talks over a merger with smaller rival Morrisons earlier this year, shelving what would have been the biggest shake-up of the UK’s grocery market in decades. The UK’s second-largest supermarket chain held preliminary talks with its private-equity-owned rival over a merger of the two firms between November 2025 and February this [...]
Supermarket inflation: Falling oil prices help keep costs down at the till May 6, 2026 Thank goodness for the price of oil. No, not Brent crude – the stuff that has sent costs at the pump up sharply since the outbreak of war in Iran – but cooking oil. A 500ml bottle of rapeseed oil fell by an average of 14 per cent between April and May across three supermarkets [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost April 23, 2026 Good morning and welcome back to the City AM liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Sainsbury’s FTSE 100 shares highest since 2014 after Argos talks September 15, 2025 Shares in FTSE 100 supermarket giant Sainsbury’s have surged to their highest value in more than a decade after it held brief talks to sell Argos to Chinese e-commerce giant JD.com. Sainsbury’s share price has jumped by almost five per cent in early trades this morning to 322p. The value is the company’s highest its [...]
Asda equal pay dispute advances as UK supermarkets look on nervously February 3, 2025 Asda workers equal pay can advance to the final legal stage after the Tribunal ruled some of their jobs are of equal value to the jobs in the distribution centres
Sainsbury’s to axe 3,000 jobs and close all in-store cafes January 23, 2025 Supermarket giant Sainsbury’s has confirmed plans to axe more than 3,000 roles as it prepares to close all its remaining in-store cafes. The major overhaul will cut two per cent of its current workforce, which stands at 148,000. The move will also make around 20 per cent of senior management roles at Sainsbury’s redundant. The [...]
Sainsbury’s ‘technical issues’ affecting online grocery deliveries March 16, 2024 Sainsbury’s has said it is experiencing “technical issues”