Budget 2026: Sainsbury’s boss urges Labour to tackle Neets crisis Retail The boss of Sainsbury’s has urged the government to tackle the UK’s youth unemployment crisis, as he hit out at previous hikes to the cost of hiring workers. Simon Roberts, chief executive of the UK’s second-largest grocer, said John Healey must “focus on doing the right thing for young people” at next week’s Budget. In [...]
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 [...]
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 [...]
Can a team of retail veterans solve Argos’ catalogue of woes? July 31, 2026 The death of the Argos catalogue in 2021 after nearly half a century prompted a period of mourning for many in Britain – including the retailer’s new owner. “I used to sit around the kitchen table putting green shield stamps into books,” Richard Pennycook said on Friday, referring to the original iteration of the catalogue. [...]
Sainsbury’s to sell Argos in £120m cut-price deal July 31, 2026 Sainsbury’s has said it will sell long-struggling catalogue retailer Argos for £120m, a fraction of the £1.4bn it bought it for a decade ago. The supermarket giant has struck a deal with Swift Partners – a new company led by On the Beach chairman Richard Pennycook and former Morrisons boss Trevor Strain. Their takeover will [...]
Supermarkets pile pressure on government to cut energy costs April 23, 2026 Supermarkets are calling on the government to cut taxes on energy to help retailers dodge looming food inflation, with Sainsbury’s, Tesco, M&S and Asda piling pressure on Labour. The boss of Sainsbury’s, the UK’s second-largest grocer, became the latest industry figure to call for the Treasury to step in. On Thursday, the supermarket said it [...]
Sainsbury’s to deliver food inflation update as Argos future could be settled April 21, 2026 After Tesco hit back against fears of double-digit food inflation last week, supermarket rival Sainsbury’s is set to update the market this week. From the Iran war to the future of Argos, Felix Armstrong looks ahead to a landmark set of results due on Thursday. Sainsbury’s spooked shoppers last week when it threatened people caught swapping [...]
Sainsbury’s warns on growth as trolley wars heat up April 17, 2025 Sainsbury’s has said it expects no profit growth in the next year as competition in the grocery market intensifies. The supermarket giant reported retail underlying operating profit of £1.036bn in the 52 weeks ended March 1, up 7.2 per cent from £966m last year. It said double-digit growth at its Sainsbury’s retail arm was partially [...]