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Private equity firms, including New York-based Apollo Global Management, are circling Sainsbury's, according to the Sunday Times newspaper

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 chain.

Business • 23 Aug 21

Sainsbury's said like-for-like sales, excluding fuel, rose 1.6% in the 16 weeks to June 26

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 for a first Covid-19 lockdown.

Business • 06 Jul 21

Sainsbury's said strong food sales during the Covid-19 pandemic were outweighed by extra costs and a decision to forgo business rates relief

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 extra costs and a decision to forgo business rates relief.

Business • 28 Apr 21

Sainsbury's has 172,000 workers, making it one of the UK's biggest private sector employers

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 has reported strong trading in the key Christmas quarter

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 kept people eating and drinking at home.

Business • 07 Jan 21

Sainsbury says it will start to see gaps over the coming days on lettuce, cauliflower, broccoli and citrus fruit

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 Europe.

Business • 21 Dec 20

Sainsbury's has reported a loss before tax of £137m for the 28 weeks to September 19

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 and shut down all in-store meat, fish and deli counters.

Business • 05 Nov 20

UK customers stockpiled key goods at the start of the coronavirus pandemic lockdown in March

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 that stripped shelves bare earlier this year.

Business • 25 Sep 20

Sainsbury's said its underlying retail sales soared 8.2% year-on-year in its first quarter to June 27

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 on coronavirus lockdown for all of the period.

Business • 01 Jul 20

Sainsbury's said today it would defer any dividend payment decisions until later in the financial year

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 in the financial year.

Business • 30 Apr 20

Sainsbury's CEO Mike Coupe is set to step down in March

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

Sainsbury's said its grocery sales grew 0.4% but general merchandise sales were down 3.9%

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 merchandise.

Business • 08 Jan 20

Labour is a part of the Chinse punishment process

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 who were victims of forced labour in a Shanghai jail.

Business • 24 Dec 19

Sainsbury's shares have fallen 34% over the last year

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 comparatives with last year which impacted on sales.

Business • 07 Nov 19

Sainsbury's said its like-for-like sales fell 0.2% in its fiscal second quarter, having fallen 1.6% in the first quarter

Sainsbury's trading improves as new plan laid out

Supermarket group Sainsbury's today detailed a new plan to cut costs, speed up debt reduction and shake up its store estate and financial services division as it reported improved trading in its latest quarter.

Business • 25 Sep 19

Sainsbury's CEO Mike Coupe said the October 31 Brexit date could not come at a worst time for supermarkets

No-deal Brexit will hit supplies - Sainsbury's CEO

A no-deal Brexit would "inevitably disrupt" fresh food supplies in Britain because delays at ports would throw just-in-time deliveries into chaos, the chief executive of supermarket group Sainsbury's said.

Business • 13 Sep 19

Sainsbury's had its proposed £7.3 billion takeover of Walmart owned Asda blocked by the UK competition regulator in April

Sainsbury's investors berate board over Asda failure

Private shareholders in Sainsbury's berated the board of the supermarket chain at its annual meeting over its failed takeover of rival Asda, as well as a share price slump and what it pays its boss.

Business • 05 Jul 19

Sainsbury's had its £7.3 billion takeover of rival Asda blocked by the UK competition regulator in April

Sainsbury's sales dented by weak demand

British supermarket group Sainsbury's has today reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets.

Business • 03 Jul 19

The UK Competition and Markets Authority recently vetoed the group's proposed deal with Sainsbury's

Asda could be floated after Sainsbury's deal blocked

Asda's US owner has said it is "seriously considering" a stock market flotation for the UK supermarket after the chain's deal to merge with rival Sainsbury's was blocked.

Business • 15 May 19

Sainsbury's plans investment to improve more than 400 of its supermarkets this year

Sainsbury's to step up investment after Asda deal off

Sainsbury's, chastened by the blocking of its takeover of rival supermarket group Asda, said it would accelerate investment in its store estate and technology as it seeks to redress a decline in underlying sales.

Business • 01 May 19

The UK's Competition and Markets Authority found a merger of the two supermarkets would lead to increased prices in stores, online and at petrol stations

CMA blocks Sainsbury's £12 billion merger with Asda

The UK competition watchdog has blocked Sainsbury's £12 billion merger with Asda on the grounds that it would result in higher prices for consumers and damage competition.

Business • 25 Apr 19

Sainsbury's and Asda are trying to overturn provisional findings from the UK competition regulator which is examining the merger deal

Sainsbury's-Asda pledge £1 billion of price cuts

UK supermarket Sainsbury's and its takeover target Asda have committed to deliver £1 billion of lower prices annually by the third year after completion of their proposed £7.3 billion deal.

Business • 19 Mar 19

Sainsbury's was hit by a drop in demand for toys and electrical goods that could signal a bleak festive season for the broader retail industry

Sainsbury's lags rivals as Christmas sales dip

Sainsbury's, Britain's second biggest supermarket group that is battling to take over third ranked Asda, reported a worse-than-expected fall in underlying sales in the key Christmas quarter.

Business • 09 Jan 19

Sainsbury's & Asda to lodge an application with the Competition Appeal Tribunal for a Judicial Review probe into their proposed merger

Sainsbury's and Asda want more time for merger probe

Sainsbury's and Asda, the two UK supermarkets that want to combine their businesses, have asked for a delay in the competition inquiry into their proposed £7.3 billion deal.

Business • 12 Dec 18

The supermarket group made an underlying pretax profit of £302m in the 28 weeks to September 22

Sainsbury's profit rise driven by cost savings

Sainsbury's, the UK's second biggest supermarket group, today beat forecasts with a 20% increase in first-half profit, as it delivered cost savings from its Argos general merchandise chain ahead of schedule.

Business • 08 Nov 18

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