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Sainsbury's ends talks to sell Argos to China's JD.com

British supermarket group Sainsbury's said it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer, a day after confirming discussions were underway.

Business • 15 Sep

Sainsbury's Q1 sales boosted by warm weather

Sainsbury's has today reported a higher-than-expected rise in quarterly sales, as Britain's second-largest food retailer benefited from warm weather and a disruption at rival Marks & Spencer from a major cyber attack.

Business • 01 Jul

Sainsbury's has reported a 7.2% rise in annual profit

Sainsbury's expects flat profit this year

Sainsbury's, Britain's second largest food retailer after Tesco, has today forecast flat profit this year as it pledged to sustain its competitive edge if a price war emerges.

Business • 17 Apr

Sainsbury's said the rise in UK employer National Insurance contributions alone would cost it an additional £140m a year

Sainsbury's to cut over 3,000 jobs due to cost challenges

British supermarket group Sainsbury's said today it was proposing to reduce its headcount by over 3,000 roles it seeks savings to counter a "particularly challenging cost environment".

Business • 23 Jan

Sainsbury's said grocery sales in its third quarter to January 4 rose by 4.1%

Sainsbury's set for profit growth after Christmas boost

Sainsbury's, Britain's second biggest supermarket group, has today reported a 2.8% rise in underlying sales for the key Christmas quarter, with robust grocery sales offset by a weaker performance in general merchandise.

Business • 10 Jan

Sainsbury's reported retail underlying operating profit of £503m for the first half of the year, up from £485m the same time last year

Sainsbury's warns budget tax rises will be inflationary

The boss of British supermarket Sainsbury's said changes to national insurance made by the UK government in last week's budget will add £140m to its tax bill next year and warned the move would be inflationary.

Business • 07 Nov 24

Today's deal is in line with Sainsbury's strategy to focus on its core retail business

Sainsbury's sells Argos Financial Services cards business

British supermarket Sainsbury's said it has sold its Argos Financial Services cards portfolio to NewDay Group for an expected £720m in line with its strategy to focus on its core retail business.

Business • 31 Oct 24

Sainsbury's is the UK's second largest supermarket group

Sainsbury's keeps profit outlook after Q1 sales rise

Sainsbury's, Britain's second largest supermarket group, has today reported a 3% rise in first-quarter underlying sales, though weather-related weakness in non-food areas partially offset robust demand for groceries.

Business • 02 Jul 24

The deal with Sainsbury's and NatWest is the latest banking business disposal by a major British retailer

Sainsbury's to sell banking unit to NatWest

NatWest has struck a deal to acquire most of the banking business of UK retailer Sainsbury's, the companies said today, in a deal set to grow the British lender's assets by £2.5 billion.

Business • 20 Jun 24

Sainsbury's has agreed a five-year strategic partnership with Microsoft

Sainsbury's-Microsoft deal to use AI for data insights

Sainsbury's said today it has agreed a five-year strategic partnership with Microsoft that will use the technology company's artificial intelligence capabilities and the supermarket group's rich data.

Business • 17 May 24

Sainsbury's has a 15.3% share of Britain's grocery market - trailing only Tesco

Sainsbury's targets 10% profit growth this year

Sainsbury's, Britain's second largest supermarket group, forecast up to 10% growth in retail operating profit in its new financial year, confident it can continue to win more customers from rivals.

Business • 25 Apr 24

Sainsbury's is targeting over 750 ultra-rapid charging bays in over 100 store car parks by the end of the year

UK grocer Sainsbury's launches EV charging business

British supermarket group Sainsbury's has launched an electric vehicle (EV) charging business, targeting over 750 ultra-rapid charging bays in over 100 store car parks by the end of 2024.

Business • 12 Jan 24

Sainsbury's said its third quarter to January 6 grocery sales rose 9.3%

Sainsbury's keeps profit outlook after Christmas sales

Sainsbury's, Britain's second biggest supermarket group, said strong demand for premium products liked dry cured meats and steamed buns helped it to outperform the market in the key Christmas period and reiterate its annual profit outlook.

Business • 10 Jan 24

Sainsbury's has reported slightly better-than-expected flat profit for the first half due to demand for its food ranges

Sainsbury's sees 2023 profit at upper half of guidance

British supermarket group Sainsbury's forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half due to demand for its food ranges.

Business • 02 Nov 23

Sainsbury's has a 15% share of Britain's grocery market

Sainsbury's says food inflation falling as sales rise

Sainsbury's, Britain's second largest supermarket group, said today that food inflation was starting to fall as it reported a 9.8% rise in underlying sales in its latest quarter and a return to volume growth.

Business • 04 Jul 23

Sainsbury's is Britain's second largest supermarket group

Bestway buys 3.45% Sainsbury's stake, won't make offer

Privately owned retail group Bestway has amassed a 3.45% stake in Sainsbury's but said it is not considering a takeover offer for Britain's second largest supermarket group.

Business • 27 Jan 23

Argos said its decision will result in the closure of 34 stores across Ireland

Argos to close Irish stores with hundreds of jobs lost

Argos has announced that it intends to close all stores and operations in the Republic of Ireland at the end of June this year with the loss of 580 jobs.

Business • 19 Jan 23

Sainsbury's has today reported underlying pre-tax profit of £340m for the 28 weeks to September 17

Sainsbury's sticks with outlook despite H1 profit fall

Sainsbury's, Britain's second-biggest supermarket group, kept its financial guidance for this year despite reporting a 8% fall in first-half profit, saying it was well placed for the key Christmas trading period.

Business • 03 Nov 22

Sainsbury's is in talks to sell 18 stores to property investor LXi REIT for about £500m

Sainsbury's in talks to sell stores worth £500m

UK supermarket group Sainsbury's is in talks to sell 18 stores in southern England to property investor LXi REIT for about £500m.

Business • 22 Sep 22

M&S said that from October 1 more than 40,000 workers in the UK will see their hourly pay increase to a minimum of £10.20

M&S raises UK staff pay for second time in 2022

Marks & Spencer has today become the latest British retailer to again raise pay for store workers amid a cost-of-living crisis and a tight labour market.

Business • 21 Sep 22

Sainsbury's said the rise, the first ever outside of the annual pay review, would help staff get through the cost of living crisis

Sainsbury's raises staff pay again and offers food perk

British supermarket group Sainsbury's said today it would raise pay for its workers again as it looks to attract and retain staff in a tight labour market.

Business • 13 Sep 22

Sainsbury's said its grocery sales fell 2.4% over the 16 weeks to June 25, while general merchandise sales fell 11.2%.

Sainsbury's quarterly sales drop 4% as spending down

British supermarket group Sainsbury's has today reported a 4% fall in underlying sales in its first quarter, driven by weakness in general merchandise as cash-strapped consumers held back on discretionary spending.

Business • 05 Jul 22

Sainsbury's is spending £500m over the two years to March 2023 to keep a lid on prices

Consumers seek cheaper food in 'unprecedented' crisis

Cash-strapped Britons are buying more cheap frozen food to help cut waste and cope with "unprecedented" soaring living costs, the boss of supermarket group Sainsbury's said today.

Business • 28 Jun 22

Sainsbury's said its revenue rose 2.9% to £29.9 billion in 2021-22

Sainsbury's warns of lower profit as inflation hits

British supermarket group Sainsbury's followed market leader Tesco in warning that soaring inflation would lower profit in the current financial year, taking the shine off a more than doubling of annual profit.

Business • 28 Apr 22

Sainsbury's is forecasting a full-year 2021-22 underlying profit before tax of 'at least' £720m compared with previous outlook of 'at least' £660m

Sainsbury's ups profit outlook despite Christmas fall

British supermarket group Sainsbury's has raised its full-year profit forecast by at least 9% following stronger than expected food sales over Christmas, even though it fell short of its stellar 2020 festive performance.

Business • 12 Jan 22

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