Both Marks and Spencer Group PLC (LSE:MKS) and J Sainsbury PLC (LSE:SBRY) have announced a new round of price cuts as they look to win back market share from discounters Aldi and Lidl. Sainsbury’s brought the total items part of its Aldi price match to over 550 this month, while almost 6,000 products can now be bought cheaper with Nectar points. This means the UK’s second-largest supermarket invested £220 million into lowering prices over the financial year and £780 million over the last three years. Produc ...

J Sainsbury PLC (LSE:SBRY) on Thursday said it was planning a phased withdrawal from its core banking business. The decision follows a review of its Financial Services division and comes ahead of the food retailer’s strategy update on February 7. Chief Executive Simon Roberts said: “"We have been clear since we launched our Food First strategy in 2020 that we would concentrate our efforts on our core retail businesses and today's announcement reflects that strategic focus.”  “It's business as usual for now ...

J Sainsbury PLC (LSE:SBRY) did a lot right in 2023 and when it came to reporting its Christmas figures it seemed like it was continuing in the right direction. Sales growth was strong due to strong grocery demand; its outlook for 2024 was reiterated; its ‘Food First’ strategy is coming along nicely; and it even picked three percentage points of market share along the way. So why have shares dropped more than 6%? Too much optimism It should be noted that this slip comes at a time when Sainsbury’s shares are ...

J Sainsbury PLC (LSE:SBRY) backed its full-year outlook despite reporting a slowdown in sales growth over Christmas. “We have outperformed the market every week of this financial year and delivered volume growth ahead of the market for a fourth consecutive Christmas,” the FTSE 100-listed firm said. The food retailer said said third quarter grocery sales rose 9.3% although this rate eased to 8.6% in the six weeks to January 6 with stronger volumes offsetting lower inflation. Total retail sales rose 6.5% in t ...

Asda has followed rival major supermarkets Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) in announcing cuts to bring many product prices in line with those seen at Aldi and Lidl. Some 287 products will be cut in price by an average of 17%, Asda announced on Friday, “to match whichever discounter has the lowest price on these products”. Both Tesco and Sainsbury’s already offer so-called ‘Aldi price match’ deals, with Kantar earlier this week explaining that the German discounters had enjoyed the strong ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

J Sainsbury plc Interim Results 2023/24 Get lower prices with Nectar Scan your app or swipe your card to save J Sainsbury plc Simon Roberts Chief Executive Selected Fruit & Veg price matched to Aldi, all with the Agenda | --- | --- | --- | |-------|-------|-----------------------------| | | | | | | | 01 | | | | Progress against priorities | | | | | | | | 02 | | | | Financial highlights | | | | 03 | | | | Strategic progress | J Sainsbury plc Interim Results 2023/24 3 Progress against priorities Financial Str ...

J Sainsbury PLC (OTCQX:JSNSF) Q2 2024 Earnings Conference Call November 2, 2023 5:00 AM ET Company Participants Simon Roberts - CEO Blathnaid Bergin - CFO Conference Call Participants Frederick Wild - Jefferies Andrew Gwynn - BNP Paribas Exane Izabel Dobreva - Morgan Stanley James Anstead - Barclays Bank Clive Black - Shore Capital Group Nick Coulter - Citigroup David Roux - Bank of America Merrill Lynch William Woods - Sanford C. Bernstein & Co. Sreedhar Mahamkali - UBS Simon Roberts Good morning, everyone ...