"Shares were up by almost 4% at the end of trading.The supermarket revealed that like-for-like sales fell by 0.9% in the final quarter of the financial year - the second consecutive quarter of decline - with sales slipping by 0.2% for the full year.Sainsbury's planned £13bn merger with Asda was blocked by competition regulators London Stock Exchange in talks to sell Borsa ItalianaCaixabank and Bankia merge to form Spain's biggest bank The chain also plans to open up to 200 stores, including 110 convenience sites and 80 Argos outlets inside bigger supermarkets, meaning the Sainsbury's estate will be a similar size overall .The decision to stop mortgage lending follows He insisted the scheme was not "plan B", adding: "It’s a continuation of strategy which we have been working towards for five years.
It paid a dividend of 11.0 pence the prior year.Gold is at historical highs - here's what investors need to knowFed’s Kashkari decries ‘absurd’ U.S. financial system that needs bailout every 10 yearsRevenue slightly fell to GBP28.99 billion, down from GBP29.01 billion a year earlier.
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You see the drama in the news… we're living with it every day: What happens after the migrant boats land...Police find stash of EIGHT guns at home of jealous husband, 53, who shot his wife's secret lover dead after...ALEX BRUMMER: A second national Covid lockdown would crush our recovery… and it could take decades to remedy...BREAKING NEWS: Justice Ruth Bader Ginsburg dies with her family around her at home after succumbing to...'We will continue to work hard to provide food and other essential products to households across the UK and Ireland who are adapting to a new way of living. It saw total grocery sales jump 12% in the seven weeks to April 25, compared with a 2 per cent rise in the final quarter of its previous financial year.Meghan and Harry will earn fees of 'only' $250k to $400k for speeches because 'level of control' requested...Conservative David Johnston (Wantage) told the Commons: 'Supermarkets have clearly got a big job on their hands but my constituents who are shielding in Wantage and Didcot are finding their approach inconsistent.He told the BBC Radio 4's Today programme that Sainsbury's customers 'are buying less frequently but are buying more, in fact twice as much’, saying the regular weekly shop has returned.Theresa May joins No.10 hall of frame: Portrait photo of Britain's second female PM finally adorns Downing...SAGE admits Britain hasn't got herd immunity and calls for policies to slash R rate to below one to keep...'Can [Communities Secretary Robert Jenrick] assure me in his work with Defra he'll push the supermarkets to be consistent in their approach and get the shielded the online delivery slots they really need? Liam Fox beats rivals to second round of WTO raceHe previously pledged to cut prices by £1bn if the tie-up went ahead, but it was humiliatingly blocked by regulators.The supermarket group expects the one-off cost of closures and impairments to be between £230m and £270mQuarter of G4S investors snub £3bn takeover offer“We think we can sustainably fund the investment that we need to make in price by reducing our cost of goods and by improving our mix,” Mr Coupe said. This is why we disagreeMr Coupe said: “I’m committed to the business and there’s plenty that we need to do over the next period of time.”The supermarket is poised to close up to 125 outlets over the next five years, including large shops, convenience stores and standalone sites run by Argos, which it also owns.The new plans came as it revealed a 0.2pc fall in like-for-like retail sales in the 12 weeks to September 21, excluding fuel sales.
You need to be a subscriber to join the conversation. Mr Coupe said the company would increase and accelerate investment in its core business, with improvements to 400 supermarkets this year, while also ramping up spending on online technology and at the same time reducing debt.Grocery sales edged higher overall as prices grew but the volume of food and drink sold decreased. Chief executive Mike Coupe brushed off speculation about his future after the failed merger, saying he would not quit and was committed to the business - and had the support of the board and shareholders. Hero papergirl, 15, gets award for life-saving call after noticing something out of the...Question of Sport team captain Willie Carson says BBC are on 'dangerous ground' by axing much-loved host Sue...Boss Mike Coupe has revealed that for five days running at the start of the lockdown food sales were higher than the busiest shopping days at Christmas leaving shelves largely empty. 'We are no longer accepting comments on this article.Health secretary Matt Hancock promised 1.4million care workers lapel badges to honour their efforts in...Presenting his last set of results before bowing out on May 31, chief executive Mike Coupe said the past few weeks had been an 'extraordinary time for our business'.Boris Johnson warns that second wave of coronavirus is inevitable - and UK could have 'on-off' restrictions...How weekends at Bunnings will NEVER be the same post-COVID...Is this the most dangerous woman in Britain?
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