Edition:
India

J Sainsbury PLC (SBRY.L)

SBRY.L on London Stock Exchange

318.70GBp
23 May 2018
Change (% chg)

0.10 (+0.03%)
Prev Close
318.60
Open
319.00
Day's High
320.00
Day's Low
317.80
Volume
8,972,905
Avg. Vol
11,436,381
52-wk High
327.10
52-wk Low
222.40

Latest Key Developments (Source: Significant Developments)

J Sainsbury Confirms Hourly Rate For Employees To Increase To 9.20 Pounds/Hour
Thursday, 24 May 2018 

May 24 (Reuters) - J Sainsbury Plc ::HOURLY RATE FOR EMPLOYEES TO INCREASE FROM £8 TO £9.20 PER HOUR.INVESTMENT OF £110 MILLION TO GIVE 121,000 STORE COLLEAGUES AN AVERAGE PAY RISE OF 9.3 PCT.  Full Article

J Sainsbury FY Underlying Pretax Profit Rose 1.4 Pct TO 589 mln Stg
Wednesday, 2 May 2018 

May 2 (Reuters) - J Sainsbury PLC ::FY UNDERLYING PRETAX PROFIT ROSE 1.4 PERCENT TO 589 MILLION STG.FINAL DIVIDEND 7.1 PENCEPER SHARE.TOTAL DIVIDEND 10.2 PENCEPER SHARE.J SAINSBURY - SAYS A SEARCH PROCESS HAS BEGUN, LED BY DAME SUSAN RICE AND NOMINATION COMMITTEE, TO FIND SUCCESSOR FOR DAVID TYLER AS NON-EXECUTIVE CHAIRMAN.  Full Article

Sainsbury's CEO says will fight Asda for market share until deal goes through
Monday, 30 Apr 2018 

April 30 (Reuters) - Sainsbury’S ::CEO SAYS UNTIL ASDA DEAL COMPLETES SAINSBURY’S AND ASDA WILL FIGHT EACH OTHER FOR MARKET SHARE.SAINSBURY'S CEO SAYS SOME OF STORE DISPOSAL NUMBERS BEING CITED BY ANALYSTS ARE “WAY OFF THE MARK”.SAINSBURY'S CEO COUPE SAYS DEAL HAS “NOTHING WHATSOEVER TO DO WITH BREXIT”.SAINSBURY'S CEO SAYS UK CMA WILL NOT TELL SAINSBURY’S/ASDA TO CLOSE STORES, MAY ASK THEM TO SELL STORES.  Full Article

Sainsbury's FY profit returns to growth, on track to meet forecasts for 2018/19
Monday, 30 Apr 2018 

April 30 (Reuters) - J Sainsbury Plc ::TOTAL DIVIDEND 10.2 PENCEPER SHARE.FY UNDERLYING PRETAX PROFIT ROSE 1.4 PERCENT TO 589 MILLION STG.FINAL DIVIDEND 7.1 PENCEPER SHARE.UNDERLYING PROFIT BEFORE TAX £589 MILLION, A RETURN TO GROWTH; H2 PROFIT INCREASE OF 11 PER CENT.STRONG CASH GENERATION WITH FREE CASH FLOW OF £432 MILLION, UP £113 MILLION IN YEAR.NET DEBT REDUCED BY £113 MILLION TO £1,364 MILLION. TARGETING TO REDUCE NET DEBT BY A FURTHER £100 MILLION IN 2018/19.DELIVERY OF £185 MILLION COST SAVINGS IN YEAR, BRINGING TOTAL TO £540 MILLION OVER THREE YEARS.WILL DELIVER FURTHER COST SAVINGS OF AT LEAST £500 MILLION OVER NEXT THREE YEARS TO 2020/21.UNDERLYING EARNINGS PER SHARE DECREASED SIX PER CENT TO 20.4 PENCE PER SHARE.TO PAY A FINAL DIVIDEND OF 7.1 PENCE PER SHARE, AN INCREASE OF EIGHT PER CENT.PROFIT EXPECTATION FOR 2018/19 IS IN LINE WITH CURRENT MARKET CONSENSUS OF £629 MILLION.  Full Article

Superdry CFO Wharton to retire, Sainsbury's Barker to succeed​
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Superdry Plc ::‍NICK WHARTON, CHIEF FINANCIAL OFFICER, HAS INDICATED HIS DESIRE TO RETIRE IN ORDER TO PURSUE A PLURAL CAREER​.‍HE WILL BE SUCCEEDED BY ED BARKER, CURRENTLY DIRECTOR OF GROUP FINANCE, AND PREVIOUSLY INTERIM CFO AT J SAINSBURY <<>>.BARKER WILL BE APPOINTED CFO ON A DATE TO BE CONFIRMED IN THE SECOND CALENDAR QUARTER OF 2018.Source text for Eikon: nRSW5925Ca.  Full Article

Sainsbury's CEO says expects full year profit of over 572 mln stg
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Sainsbury's ::SHARES UP 1.7 PERCENT AFTER FIRM BEATS FORECASTS FOR CHRISTMAS TRADING, UPGRADES PROFIT OUTLOOK.CEO SAYS GROCERY SALES VOLUMES "WENT BACKWARDS SLIGHTLY" IN Q3.CEO SAYS ARGOS IMPROVED MARKET SHARE IN Q3.CEO SAYS TOY SALES "WERE CHALLENGED" IN Q3.CEO SAYS PREMIUM RANGE "TASTE THE DIFFERENCE" GREW SALES 6 PERCENT IN Q3.CFO SAYS OVERALL RETAIL BUSINESS DELIVERED EXACTLY IN Q3 AS MANAGEMENT EXPECTED.CEO SAYS EXPECTS FY PRETAX PROFIT OF OVER 572 MILLION STG.  Full Article

Sainsbury's shares lower as Q2 sales growth slows
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Sainsbury's :Shares down 2.9 percent as Q2 underlying sales growth slows.CEO says gained market share in general merchandise in first half.CEO says UK customers currently "very value conscious".CEO says "confident in Christmas offer", group "in pretty good shape".  Full Article

Sainsbury's "not seeing massive change in consumer behaviour"
Tuesday, 4 Jul 2017 

July 4 (Reuters) - Sainsbury's :Shares up 2.4 percent after Q1 sales beat analysts' forecasts.CEO says price position versus rivals improved in Q1.CEO says Q1 grocery outcome driven by own label performance.CEO declines comment on possible Nisa deal.CEO says "not seeing massive change in consumer behaviour".CFO says comfortable with analysts' 2017-18 profit consensus of 572 million stg.  Full Article

UK's CMA proposes to accept undertakings from Lloyds, Celesio
Friday, 30 Sep 2016 

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 

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