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J Sainsbury PLC (SBRY.L)

SBRY.L on London Stock Exchange

278.60GBp
11:53am EDT
Change (% chg)

1.00 (+0.36%)
Prev Close
277.60
Open
278.00
Day's High
280.30
Day's Low
277.80
Volume
4,029,704
Avg. Vol
9,945,500
52-wk High
282.30
52-wk Low
211.50

Latest Key Developments (Source: Significant Developments)

Sainsbury's says over 3 to 5 year period can deliver profit growth
Wednesday, 3 May 2017 03:36am EDT 

May 3 (Reuters) - Sainsbury's :Shares down 2.7 percent on cautious outlook with full year results.Sainsbury's CEO says over 3 to 5 year period firm can deliver profit growth.CFO says comfortable with analysts' profit consensus for 2017-18 of 573 million stg.  Full Article

Sainsbury's "happy" with 2016-17 profit consensus of 578 mln stg
Thursday, 16 Mar 2017 04:32am EDT 

Sainsbury's : Shares down 2.5 percent after Q4 underlying supermarket sales edge lower, highlights cost price pressures . CFO says "very happy" with analysts' 2016-17 pretax profit consensus of 578 million stg Further company coverage: [nL5N1GT18G] (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Food Standards Agency says Sainsbury's recalls stir fry products due to possible presence of salmonella
Thursday, 9 Feb 2017 02:40pm EST 

Food standards agency :Says Sainsbury's recalls stir fry products due to possible presence of salmonella; no other Sainsbury's products known to be affected.  Full Article

Sainsbury's says Christmas trading has "reinforced case" for Argos purchase
Wednesday, 11 Jan 2017 03:14am EST 

Sainsbury's : Interim CFO says deflation in grocery business in Q3 measured at 0.5 percent . Interim CFO says comfortable with analysts' consensus for 2016-17 pretax profit . CEO says Christmas trading has "reinforced case" for Argos acquisition . Shares up 3.4 percent after reporting better-than-expected Xmas sales Further company coverage: [SBRY.L] (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Morrisons says deflation eased in Xmas trading period
Tuesday, 10 Jan 2017 03:05am EST 

Morrisons : CFO says saw some easing of deflation from Q3 to Xmas trading period . CFO says priority is to be "very competitive" . CFO says online contribution to Xmas period like-for-like growth was 0.6 percent . CFO says deflation in 9 week Xmas period was 0.2 percent . Shares open up 4 percent as Xmas sales beat forecasts, profit guidance raised . Tesco shares up 4 percent, Sainsbury up 2.4 percent Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Trade union Unite says proposed industrial action by Argos drivers suspended
Wednesday, 14 Dec 2016 11:08am EST 

: Unite says Wincanton,Unite have come to agreement on treatment of historical pay issues specific to Barton site which will be put to members in ballot .Trade union Unite says all industrial action now suspended pending ballot on terms of agreement among unite members; Argos business will be unaffected.  Full Article

Sainsbury's says new cost savings to be found "across the business"
Wednesday, 9 Nov 2016 03:40am EST 

Sainsbury's : CEO says most significant price rise so far is in fuel . CEO says price position versus other big 3 UK grocers "has never been sharper" . Interim CFO says additional 500 million stg of cost savings will be found "across the business" . CEO says "more confident than ever" about prospects of argos purchase Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

UK's CMA proposes to accept undertakings from Lloyds, Celesio
Friday, 30 Sep 2016 10:09am EDT 

Competition and Markets Authority : UK's CMA says proposes to accept proposed undertakings from Lloyds and Celesio regarding purchase of Sainsburys UK pharmacy business Link to source: (http://bit.ly/2dsyK8p) (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Sainsbury's says prices versus discounters "never sharper"
Wednesday, 28 Sep 2016 03:00am EDT 

Sainsbury's : Acting CFO says price deflation in Q2 around 1 percent . CEO says Brexit vote has had no impact at all so far on customer behaviour . CEO says price position relative to discounters "has never been sharper" Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Sainsbury's expects to outperform peers in competitive market
Wednesday, 28 Sep 2016 02:00am EDT 

Sainsbury's : "we expect the market to remain competitive and the effect of the devaluation of sterling remains unclear. However, sainsbury's is well positioned to navigate the changing marketplace and we are confident that our strategy will enable us to continue to outperform our major peers." .Argos q2 performance for the 13 weeks to 27 aug, argos achieved total sales growth of 3.0 percent and like-for-like sales growth of 2.3 percent.  Full Article

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