Sainsbury's prepares to repel private equity raiders as profits soar
3 years, 6 months ago

Sainsbury's prepares to repel private equity raiders as profits soar

Daily Mail  

Sainsbury's bolstered its defences against potential takeover bids as the supermarket giant predicted bumper annual profits of £660million. Boss Simon Roberts played down fears that Sainsbury’s could be targeted by private equity buyers, as Morrisons became the subject of a bidding war. And speculation has been fuelled by billionaire Daniel Kretinsky’s stake-building, with the tycoon known as the ‘Czech Sphinx’ holding just under 10 per cent. The chain said like-for-like sales had increased by 1.6 per cent in the 16 weeks to June 26, its first quarter.

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History of this topic

Sainsbury’s boss: Budget costs for businesses will lead to higher inflation
2 months ago

Sainsbury’s boss: Budget costs for businesses will lead to higher inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The supermarket giant’s boss Simon Roberts said there is …

Sainsbury's boss warns barrage of Budget costs will lead to higher prices
2 months ago

Sainsbury's boss warns barrage of Budget costs will lead to higher prices

Daily Mail  

Warning: Simon Roberts, the boss of Sainsbury's, warned that changes to national insurance made by the Government will add £140m to its tax bill The boss of Sainsbury's has warned that changes to national insurance made by the Government in the Autumn Budget will force prices to rise. Simon Roberts said Rachel Reeves decision to hike NI by 1.2 percentage …

Sainsbury’s warns of price rises after £140m ‘barrage’ of Budget costs
Trending News
2 months ago

Sainsbury’s warns of price rises after £140m ‘barrage’ of Budget costs

The Telegraph  

Sainsbury’s is facing a “barrage of costs” that will force it to raise prices, its chief executive has warned, as the retailer revealed a £140m hit from Rachel Reeves’s National Insurance tax raid. Simon Roberts said “difficult decisions” would have to be made after the Chancellor’s Budget triggered a steep rise in costs. “I would urge the Government to work …

Sainsbury’s set for sales increase after price investment
2 months, 1 week ago

Sainsbury’s set for sales increase after price investment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sainsbury’s is set to reveal …

Major UK retailer increases its market share to highest level in seven years as supermarkets fight for customers amid inflation rises
3 months ago

Major UK retailer increases its market share to highest level in seven years as supermarkets fight for customers amid inflation rises

Daily Mail  

Tesco has increased its market share to its highest level in seven years as retailers attempt to manage growth amid continued inflation rises. In new figures, it has been revealed that Britain's largest retailer now boasts a market share of 28 per cent, up over half a per cent from this time last year. Meanwhile, other supermarket giants such as …

Sainsbury’s posts strong grocery sales but sees weather hit to non-food ranges
6 months ago

Sainsbury’s posts strong grocery sales but sees weather hit to non-food ranges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Supermarket Sainsbury’s has notched up …

Sainsbury’s offloads most of its banking arm to NatWest
6 months, 2 weeks ago

Sainsbury’s offloads most of its banking arm to NatWest

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Supermarket Sainsbury’s has struck a …

Sainsbury’s set for ‘strong’ profit growth despite latest deliveries glitch
8 months, 2 weeks ago

Sainsbury’s set for ‘strong’ profit growth despite latest deliveries glitch

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sainsbury’s has said it expects …

Shoppers save £1.3 BILLION (£46 each a month) by hunting out supermarket deals, figures show
8 months, 2 weeks ago

Shoppers save £1.3 BILLION (£46 each a month) by hunting out supermarket deals, figures show

Daily Mail  

Shoppers saved £1.3 billion – an average of £46 per household – by hunting out supermarket deals in the past month, new figures have shown. Around three in ten or 29.3 per cent of items were bought through some sort of promotion, which has been primarily promoted through Supermarkets loyalty card schemes, such as Tesco's Clubcard and Sainsbury's Nectar card. …

Sainsbury’s set to reveal sales rise as it sheds light on food inflation
1 year, 6 months ago

Sainsbury’s set to reveal sales rise as it sheds light on food inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sainsbury’s is to shed light …

Sainsbury’s increases investment in price cuts amid cost-of-living pressures
2 years, 6 months ago

Sainsbury’s increases investment in price cuts amid cost-of-living pressures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sainsbury’s has pumped more cash …

Sainsbury’s to reveal how profits have been hit by supply chain and inflation
3 years, 2 months ago

Sainsbury’s to reveal how profits have been hit by supply chain and inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sainsbury’s is set to reveal …

Sainsbury's is the next supermarket takeover target
3 years, 6 months ago

Sainsbury's is the next supermarket takeover target

The Telegraph  

‘I think we’ve learnt a huge amount through the pandemic about the power of being agile,” Simon Roberts, the boss of Sainsbury’s, told investors at a meeting this month. Some of those lessons have pushed Roberts to make bold decisions at the UK’s second largest supermarket chain only six months into his new role. In November, the grocer’s former retail …

American investors are trying to buy a UK supermarket. Here’s why
3 years, 6 months ago

American investors are trying to buy a UK supermarket. Here’s why

CNN  

London CNN Business — Britain’s fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets. “The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, …

Sainsbury’s slumps to £261m loss as Covid costs rise to almost half a billion pounds
3 years, 8 months ago

Sainsbury’s slumps to £261m loss as Covid costs rise to almost half a billion pounds

The Independent  

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Sainsbury's shares hit 16-year low after watchdog blocks Asda merger
5 years, 8 months ago

Sainsbury's shares hit 16-year low after watchdog blocks Asda merger

The Telegraph  

The competition watchdog has blocked Sainsbury's and Asda's £10bn merger after finding it would lead to increased prices in stores, online and across petrol stations. Shares in Sainsbury's have fallen by 4.9pc, or 10.7p, to 215.4p, their lowest level since March 2003 on the back of the deal collapsing. Mike Coupe, Sainsbury's chief executive, said that the CMA's conclusion "ignores …

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