J Sainsbury PLC


  • Lidl chairman steps down over strategy differences Thursday, 20 Mar 2014 | 11:29 AM ET

    *Owned by Germany's third-richest man, Dieter Schwarz. Based in Neckarsulm in southern Germany, Lidl is owned by Germany's third-richest man, Dieter Schwarz, son of the company's founder Josef Schwarz. Klaus Gehrig took over as the chain's chief executive from Dieter Schwarz in 2004..

  • LONDON, March 18- British grocer J Sainsbury's nine-year run of quarterly sales growth came to an end on Tuesday, underlining the pressure on the industry as a battle over prices intensifies in a fragile economic recovery.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.

  • Sainsbury's shares fall as King abdicates Wednesday, 29 Jan 2014 | 4:08 AM ET
    Justin King

    Shares in Sainsbury's dropped on Wednesday, as the U.K. supermarket chain announced that its CEO Justin King has decided to step down after 10 years at the company.

  • Investors bet against UK retailers Thursday, 16 Jan 2014 | 3:39 AM ET

    Retail stocks in the U.K. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.

  • LONDON, Jan 9- Tesco and Marks& Spencer, the biggest names in British retail, posted heavy falls in sales in the run up to Christmas, showing no sign of their much vaunted turnarounds and ratcheting up pressure on their chief executives.

  • Bleak Christmas for top UK supermarkets Thursday, 9 Jan 2014 | 3:39 AM ET

    British retailers suffered a sales drop over the festive period, the latest in a long line of disappointing results for the sector.

  • Christmas trade: Battle of the Retailers     Thursday, 9 Jan 2014 | 2:56 AM ET

    Christmas is the busiest time of year for most retailers, but which British stores had the best performance?

  • LONDON, Jan 8- British grocer J Sainsbury reported its "best Christmas ever" on Wednesday but warned that consumers were likely to tighten their belts in the early part of 2014 and cut its sales growth forecast accordingly.

  • Sainsbury's enjoys Christmas boost after tough quarter Wednesday, 8 Jan 2014 | 4:02 AM ET

    U.K. retailer reports lift in like-for-like sales with Christmas boosting the chain after tough trading in October and November.

  • Sainsbury leads European shares higher after update Wednesday, 8 Jan 2014 | 3:08 AM ET

    LONDON, Jan 8- European stocks edged higher early on Wednesday, led by British supermarket J Sainsbury after a better-than-expected sales update. Shares in Sainsbury rose 3.3 percent at 0802 GMT after it posted a small rise in sales in the 14 weeks to Jan. 4, ahead of analysts' forecasts.

  • Europe shares close lower as Fed fears kick in Tuesday, 17 Dec 2013 | 11:30 AM ET

    European equities closed lower on Tuesday as investors looked ahead to the U.S. Federal Reserve's last policy meeting of the year.

  • Tesco sales decline ahead of key Christmas period Wednesday, 4 Dec 2013 | 1:00 AM ET

    Supermarket Tesco reported a sharp drop in third-quarter like-for-like sales on Wednesday, as the retailer struggles to woo cash-strapped consumers ahead of the key Christmas trading period.

  • PREVIEW-Tesco quarterly UK sales to resume decline Friday, 29 Nov 2013 | 5:57 AM ET

    *Analysts forecast Q3 UK underlying sales down 1-2 pct. Tesco, which trails France's Carrefour and U.S. number one Wal-Mart in global sales, has spent more than 1 billion pounds on store revamps, more staff, new product ranges and pricing initiatives in Britain.

  • Sainsbury's gains market share, earnings rise Wednesday, 13 Nov 2013 | 2:00 AM ET

    Sainsbury's reported half-year underlying pre-tax profit of £400 million on Wednesday, versus £374 million a year ago.

  • Buffett's Berkshire cuts Tesco stake by one-fifth Tuesday, 22 Oct 2013 | 1:18 AM ET

    Billionaire Warren Buffett's Berkshire Hathaway last week slashed its stake in the world's No.3 retailer, Tesco, by about one-fifth, according to a stock market filing.

  • Europe stocks close down but Italy recovers Wednesday, 2 Oct 2013 | 12:07 PM ET

    European shares closed down on Wednesday, as the U.S. government shutdown continued and jobs data came in weak.

  • Who’s winning the UK supermarket wars? Wednesday, 2 Oct 2013 | 6:49 AM ET
    Shoppers walk down 5th Avenue in New York City.

    The U.K. supermarket landscape is changing, with Tesco’s long-held place at the top of the market beginning to look shaky.

  • J Sainsbury, Britain's third-biggest grocer, met forecasts with a pick-up in quarterly sales driven by growth at local convenience stores and online, outperforming rivals including market leader Tesco.

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