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 … Business • 27 Jan
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 … Business • 19 Jan
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 … Business • 03 Nov 22
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 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 … Business • 21 Sep 22
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 … Business • 13 Sep 22
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 … Business • 05 Jul 22
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 … Business • 28 Jun 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 … Business • 28 Apr 22
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 … Business • 12 Jan 22
Sainsbury's to keep stores shut on December 26 Sainsbury's, Britain's second largest supermarket group, will keep all its stores shut on December 26 - Boxing Day in the UK - this year. Business • 13 Sep 21
Sainsbury's shares jump 15.4% on report of possible bid Sainsbury's shares surged 15.4% today after a report that private equity firms could launch bids worth more than £7 billion for Britain's second biggest supermarket … Business • 23 Aug 21
Sainsbury's sales beat expectations in latest quarter British supermarket group Sainsbury's has beaten expectations for first-quarter sales though growth did slow sharply reflecting a tough comparison with last year when shoppers stocked-up … Business • 06 Jul 21
Sainsbury's profit down 39% as Covid costs offset sales British supermarket chain Sainsbury's has today reported a 39% fall in annual underlying profit as strong food sales during the Covid-19 pandemic were outweighed by … Business • 28 Apr 21
Sainsbury's gives staff a third pandemic bonus Britain's second largest supermarket group Sainsbury's said today that it will award its staff a third bonus for their efforts during the Covid-19 pandemic. Business • 26 Feb 21
Sainsbury's ups profit forecast after strong Christmas UK supermarket group Sainsbury's has raised its full-year profit forecast as it reported strong trading in the key Christmas quarter, benefiting from Covid-19 restrictions which … Business • 07 Jan 21
Sainsbury's warns of gaps on shelves British supermarket group Sainsbury's warned today that gaps will start to appear on shelves within days if transport ties are not quickly restored with mainland … Business • 21 Dec 20
Sainsbury's says 3,500 jobs at risk in restructuring UK supermarket group Sainsbury's said today up to 3,500 jobs were at risk in a restructuring that will see it close 420 standalone Argos stores … Business • 05 Nov 20
Tesco UK, Morrisons reintroduce rationing due to Covid UK supermarket Tesco said it will prevent customers from bulk-buying flour, pasta, toilet roll and anti-bacterial wipes to prevent a re-run of the Covid-19 stockpiling … Business • 25 Sep 20
New Sainsbury's boss debuts with lockdown sales rise Sainsbury's, Britain's second biggest supermarket chain, said underlying retail sales soared 8.2% year-on-year in its first quarter to June 27, driven by the country being … Business • 01 Jul 20
Sainsbury's warns virus profit impact could be £500m UK supermarket group Sainsbury's estimated a profit impact of £500m from the coronavirus pandemic and said it would defer any dividend payment decisions until later … Business • 30 Apr 20
Sainsbury's CEO Coupe to step down in March Mike Coupe will step down as CEO of Sainsbury's at the end of May after six years at the helm. Business • 22 Jan 20
Sales at Sainsbury's edge lower in Christmas quarter Sainsbury's, Britain's second biggest supermarket group, reported a small fall in underlying sales in the key Christmas quarter, hurt by a weak performance from general … Business • 08 Jan 20
Factbox: China's use of prison labour China's prison labour practices are in the spotlight after a six-year-old in Britain found a Christmas card saying it had been packed by foreign prisoners … Business • 24 Dec 19
Sainsbury's profit falls 15% after failure of Asda deal Sainsbury's has reported a 15% fall in first-half profit, blaming the combined impact of the phasing of cost savings, higher marketing costs and tough weather … Business • 07 Nov 19
