J Sainsburys Plc

J Sainsbury Positive momentum across the business

DirectorsTalk Interviews FTSE 100

J Sainsbury (LON:SBRY) has announced its interim Results for the 28 weeks to 21 September 2019 Operational Highlights ·    Positive momentum in Grocery market share1 and sales performance, driven by a strong customer response to lower prices and our new value brands. We launched 123 new value brand products, with 200 due by the end of the financial year ·    We continue to improve …

J Sainsbury changes positions on the PLC and Operating Board

DirectorsTalk Interviews FTSE 100

J Sainsbury (LON:SBRY) has today announced changes to positions on the plc Board and Operating Board.  John Rogers, CEO of Sainsbury’s Argos, is leaving the business to become Chief Financial Officer of WPP PLC. John will leave the business on 31st October 2019.  Argos’s retail and logistics teams will report into Simon Roberts, Retail and Operations Director and Argos’s commercial team will report …

J Sainsbury on track to deliver FY19/20 underlying PBT in line with expectations

DirectorsTalk Interviews FTSE 100

J Sainsbury (LON:SBRY) has today announced its Q2 Trading Statement for the 12 weeks to 21 September 2019 and its Capital Markets Day. Second Quarter Trading Statement ·     Stronger trading across Grocery, General Merchandise and Clothing o  Further improvement in our performance relative to the market, particularly Grocery1 ·     Second quarter total retail sales up 0.1 per cent (excl. fuel), with like-for-like sales …

J Sainsbury plc Improving market share performance in a tough market

DirectorsTalk Interviews FTSE 100

J Sainsbury plc (LON: SBRY) has today provided a first quarter trading statement for the 16 weeks to 29 June 2019. · Total retail sales down (1.2) per cent (excl. fuel) with like-for-like sales down (1.6) per cent (excl. fuel) · Grocery sales declined (0.5) per cent · General Merchandise sales declined by (3.1) per cent and Clothing sales declined …

J Sainsburys Plc

J Sainsbury plc Appoints Jim Brown as Chief Executive Officer

DirectorsTalk Interviews FTSE 100

J Sainsbury plc (LON: SBRY) announced today that it has appointed Jim Brown as Chief Executive Officer of Sainsbury’s Bank, subject to regulatory approval. Jim will join as CEO Designate on 19th June and will work with Peter Griffiths for a short period of handover. Jim worked for Royal Bank of Scotland PLC (LON: RBS) from 2015-2017 as Chief Executive …

J Sainsbury plc Full year profit ahead of consensus; accelerating investment in stores and digital

DirectorsTalk Interviews FTSE 100, News

J Sainsbury plc (LON:SBRY) today announced Preliminary Results for the 52 weeks to 9 March 2019

· Underlying profits up 7.8 per cent; net debt £222 million lower, ahead of target; dividend up 7.8 per cent

· Accelerating investment in store estate and technology while reducing net debt and maintaining our dividend policy

· Investing to improve more than 400 supermarkets this year

· New target to reduce net debt by at least £600 million over the next three years

Strategic highlights

· Customers continue to rate Sainsbury’s first for food quality and we outperformed the market in premium categories1

· Growth across all Sainsbury’s channels. Convenience and Groceries Online sales grew 3.7 per cent and 6.9 per cent respectively, with Convenience outperforming the market2. Supermarket sales grew one per cent, benefiting from the addition of Argos stores inside supermarkets

· Completed a major reorganisation of Sainsbury’s sto

J Sainsbury PLC

Sainsbury (J) plc Statement re proposed merger of J Sainsbury plc and Asda Group Limited

DirectorsTalk Interviews FTSE 100

The Competition and Markets Authority (CMA) has today published its Final Report on the proposed merger of J Sainsbury plc (LON:SBRY) and Asda Group Limited (Asda), resulting in prohibition of the merger. As a result, Sainsbury’s, Walmart and Asda have mutually agreed to terminate the transaction. Sainsbury’s CEO, Mike Coupe, said: “The specific reason for wanting to merge was to …

J Sainsbury PLC

J Sainsbury plc re proposed merger with Asda Group Ltd

DirectorsTalk Interviews FTSE 100

J Sainsbury plc (LON:SBRY) and Asda Group Limited (Asda) have recently submitted to the Competition and Markets Authority (CMA) their responses to the CMA’s Provisional Findings and Notice of Proposed Remedies. Sainsbury’s and Asda strongly disagree with the CMA’s Provisional Findings and have found the CMA’s analysis of their proposed merger to contain significant errors. This is compounded by the …

Sainsbury(J) Plc Solid grocery sales for the quarter, growing 0.4%

DirectorsTalk Interviews FTSE 100

Sainsbury(J) Plc (LON:SBRY), today announced third quarter trading statement for the 15 weeks to 5 January 2019 · Total retail sales down (0.4) per cent (excl. fuel) with like-for-like sales down (1.1) per cent (excl. fuel) · Grocery sales grew 0.4 per cent with Groceries Online and Convenience up 6.0 per cent and 3.0 per cent respectively · General Merchandise …

J Sainsbury plc Statement re Proposed Merger

DirectorsTalk Interviews FTSE 100

J Sainsbury plc (LON:SBRY) and Asda Group Ltd will today lodge an application with the Competition Appeal Tribunal for a Judicial Review of the Competition and Markets Authority (CMA) Phase Two investigation into their proposed merger. This application requests a review of the timetable and process, reflecting both Parties’ view that the current timetable does not give the Parties or …