Sainsburys

Britain's Morrisons Follows Tesco In Paying Business Rates During Pandemic

British supermarket group Morrisons joined market leader Tesco in deciding to pay government business rates for the period of the COVID-19 pandemic. In...

Sainsbury's Banking Business And Co-op Bank Attract Suitors

British retailer Sainsbury's banking business and rival the Co-op Bank have both received approaches from potential buyers, as pressures from the COVID-19...

Sainsbury’s Opens New Format ‘Neighbourhood Hub’ Stores

UK retailer Sainsbury’s has announced that it has opened two stores under its new ‘Neighbourhood Hub’ format. The new stores aim to of...

Sainsbury's Half-Year Results – What The Analysts Said

Sainsbury's has posted a like-for-like sales increase of 6.9% in the half-year to 19 September, however the extended closure of its Argos stores meant that...

Sainsbury's To Shed 3,500 Jobs In Restructuring Drive, Reports Sales Gain

British supermarket group Sainsbury's has said that up to 3,500 jobs are at risk in a restructuring that will see it close 420 standalone Argos stores and...

Fears Over A Second Lockdown Boost Grocery Sales In UK: Kantar

British consumers are showing signs of wariness about a second nationwide lockdown being imposed, as take-home grocery sales accelerated by 10.6% in the mo...

Sainsbury's To Double Pre-COVID-19 Online Capacity By End Of October

Sainsbury's, Britain's second largest supermarket group, will have doubled its pre-COVID-19 pandemic online capacity by the end of next month. It said i...

Czech Billionaire Kretinsky Owns Over 3% Stake In Britain's Sainsbury's

Czech billionaire investor Daniel Kretinsky's VESA Equity Investment became the fourth largest stakeholder of Sainsbury's, owning a 3.05% stake in the Brit...