Key Developments: J Sainsbury PLC (JSAIY.PK)
22.96USD
17 May 2013
$0.15 (+0.68%)
$22.81
$22.87
$23.13
$22.87
1,850
6,029
$24.49
$17.40
Latest Key Developments (Source: Significant Developments)
J Sainsbury PLC Comments On FY 2013, 2014 Operating Profit Guidance-Conference Call
J Sainsbury PLC announced that for fiscal 2013 and fiscal 2014 it expects operating profit to grow in line with sales. According to IBES Estimates, analysts on an average were expecting the Company to report EBIT of $1.210 billion for fiscal 2014. Full Article
J Sainsbury PLC to Take Full Ownership of Sainsbury's Bank
J Sainsbury PLC announced that it is going to acquire remaining 50% ownership in Sainsbury's Bank from Lloyds Banking Group for £248 million. The acquisition price of £248 million is comprised of a cash consideration of £193 million for the shares and the purchase of £55 million of loan stock at par value. Over a 42 month period, the Bank will transition support and back office services away from Lloyds Banking Group. Sainsbury's Bank was the supermarket bank in the UK, established in 1997 as a joint venture between Sainsbury's and Bank of Scotland. Full Article
J Sainsbury PLC Recommends Final Dividend
J Sainsbury PLC announced that the Board has recommended a final dividend of 11.9 pence (2011/12: 11.6 pence) which will be paid on July 12, 2013 to shareholders on the Register of Members at the close of business on May 17, 2013. Full Article
J Sainsbury PLC Announces Interim Dividend
J Sainsbury PLC announced that the Board has recommended an interim dividend of 4.8 pence per share (2011/2012: 4.5 pence), equivalent to 30% of the previous full-year dividend. This will be paid on January 4, 2013 to shareholders on the Register of Members at the close of business on November 23, 2012. The interim dividend was approved by the Board on November 13, 2012 and has not, therefore, been included as a liability as at September 29, 2012. Full Article
J Sainsbury PLC Acquires Of Majority Stake In Online Books Platform Anobii From HMV Group PLC
J Sainsbury PLC announced the acquisition of HMV Group plc's shareholding in Anobii Limited, a social network and online retailer of e-books. As a result of the transaction and Sainsbury's investment in the future development of the business, it is anticipated that Sainsbury's will have a 64% stake in Anobii. Full Article
PRESS DIGEST - Financial Times - May 9
Jailed Enron chief could see sentence shortened by 10 years
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