Sainsburys

UK's Sainsbury's Targets More Cost Savings, Better Returns For Investors

British supermarket group Sainsbury's has set a new cost savings target of £1 billion (€1.17 billion) over three years and promised to boost ret...

Cautious Consumers And Cold Weather Temper UK Retail Sales Growth

British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey which underscored how high in...

Sainsbury's Searches For More Cost Savings To Compete On Price

The next phase of British supermarket Sainsbury's strategy will aim to build on the momentum of a strong 2023 during which it said it drew customers b...

UK's Morrisons Core Earnings Up 6.5% On Improving Sales Trend

Morrisons reported a 6.5% rise in core earnings for its 2022/23 year, helped by an improving trend in underlying sales which it said reflected sharper pric...

Sainsbury's CEO Simon Roberts Named New President Of IGD

Simon Roberts, chief executive officer of Sainsbury’s, has been appointed as the new president of IGD by its board of trustees, the retailer said in...

UK Grocery Price Inflation Falls At Slower Rate: Kantar

British grocery price inflation declined at a slower rate in January as the proportion of items purchased on promotion dropped compared to December, accord...

French Shipping Firm CMA CGM To Buy Wincanton

CEVA Logistics, a unit of French shipping group CMA CGM, said on Friday it would buy British logistics firm Wincanton in an all-cash deal worth nearly &pou...

Sainsbury's To Gradually Withdraw From Banking

Sainsbury's said it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its...