SBRY.L - J Sainsbury plc
| Previous Close | 226.60 |
| Open | 227.60 |
| Bid | 226.00 x 1044400 |
| Ask | 234.50 x 411400 |
| Day's Range | 226.20 - 228.60 |
| 52 Week Range | 221.90 - 341.80 |
| Volume | 3,826,952 |
| Avg. Volume | 9,913,882 |
| Market Cap | 5.019B |
| Beta (3Y Monthly) | 1.17 |
| PE Ratio (TTM) | 17.93 |
| EPS (TTM) | 12.70 |
| Earnings Date | May 1, 2019 |
| Forward Dividend & Yield | 0.10 (4.33%) |
| Ex-Dividend Date | 2018-11-15 |
| 1y Target Est | 317.00 |
Reuters•6 days agoUK shares at six-month highs, JD Sports leaps on profit beat
The FTSE 100 added 0.4 percent after hitting its highest since Oct. 4 as a dip in pound boosted blue-chip exporter stocks. The more domestically-focused midcap index built on last week's momentum, when the European Union agreed a second delay to Brexit, and clung to its six-month high with a 0.6 percent rise. Both followed gains in Asia after data showed that new home prices in China grew slightly faster in March after a slow-down the previous month, kindling hopes that Beijing's stimulus measures were having an impact.
- Financial Times•12 days ago
Tesco: rolls in the aisles
Nobody told Dave Lewis, chief executive of Tesco, the UK’s largest supermarket. The country may face meltdown over its EU membership, but “political uncertainties” were not mentioned until an hour into Tesco’s full-year results analysts’ conference on Wednesday. Mr Lewis offered an alternative: Brexit has so far had scant impact on Tesco.
- Reuters•20 days ago
FTSE 100 at six-month high as Brexit-wounded pound lifts exporters
The FTSE 100 bagged its fourth session of gains on Tuesday with a 1 percent leap, outshining its counterparts in Europe and on Wall Street. The European Union warned that Britain could be heading for a potentially disorderly exit in 10 days time as Prime Minister Theresa May met with ministers to figure out ways to break the deadlock over terms of the departure. Spreadex analyst Connor Campbell said both sterling and the midcaps seemed to be holding off until after a five-hour cabinet meeting today.
Reuters•20 days agoAsda overtakes suitor Sainsbury to become UK's No. 2 supermarket: Kantar
Sainsbury has lost its status as Britain's No. 2 supermarket group by market share to takeover target Asda for the first time in four years, industry data showed on Tuesday. Sainsbury's sales fell 1.8 percent over the 12 weeks to March 24, reducing its market share to 15.3 percent from 15.8 percent in the same period last year, researcher Kantar said.
Reuters•20 days agoAsda overtakes suitor Sainsbury to become UK's No. 2 supermarket - Kantar
Sainsbury has lost its status as Britain's No. 2 supermarket group by market share to takeover target Asda for the first time in four years, industry data showed on Tuesday. Sainsbury's sales fell 1.8 percent over the 12 weeks to March 24, reducing its market share to 15.3 percent from 15.8 percent in the same period last year, researcher Kantar said.
Reuters•last monthSainsbury's-Asda store disposal plan falls short of watchdog's demands
British supermarkets Sainsbury's and Asda said they were willing to sell 125-150 stores to get their proposed merger past the regulator - a number well short of what the Competition and Markets Authority (CMA) has said it is looking for. The two groups also said the UK competition regulator's provisional view on Sainsbury's agreed 7.3 billion pound takeover of Walmart owned Asda amounted to "prohibition in all but name". The CMA last month said its initial view was that Sainsbury's agreed Asda deal should be blocked in the absence of the sale of a large number of stores, or even one of the brands.
- Reuters•last month
UPDATE 1-Sainsbury's-Asda store disposal plan falls short of watchdog's demands
British supermarkets Sainsbury's and Asda said they were willing to sell 125-150 stores to get their proposed merger past the regulator - a number well short of what the Competition and Markets Authority (CMA) has said it is looking for. The two groups also said the UK competition regulator's provisional view on Sainsbury's agreed 7.3 billion pound ($9.60 billion) takeover of Walmart owned Asda amounted to "prohibition in all but name". The CMA last month said its initial view was that Sainsbury's agreed Asda deal should be blocked in the absence of the sale of a large number of stores, or even one of the brands.
- Reuters•last month
Sainsbury's-Asda say regulator's merger view is 'prohibition in all but name'
British supermarkets Sainsbury's and Asda said the UK competition regulator's provisional view on their proposed combination amounted to "prohibition in all but name". The Competition and Markets Authority (CMA) last month said its initial view was that Sainsbury's 7.3 billion pounds ($9.7 billion) proposed takeover of Walmart's Asda should be blocked in the absence of the sale of a large number of stores, or even one of the brands. Sainsbury's and Asda's response to the CMA's notice of possible remedies was published on Friday.
Reuters•last monthFTSE 100 in seventh heaven as oil, miners gain; Ocado hits life high
The FTSE 100 was up 0.3 percent. The domestically-focused FTSE 250 was up 0.3 percent as investors waited for further Brexit developments with reports that Prime Minister Theresa May would ask the European Union to delay Brexit by at least three months. May's Brexit plans were derailed after the speaker of Britain's parliament said on Monday that her deal could not be voted on again after two thumping defeats unless a different proposal was submitted.
Reuters•last monthSainsbury's-Asda seek to salvage deal with billion pound price cut pledge
British supermarket groups Sainsbury's and Asda have committed to deliver 1 billion pounds of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator. The Competition and Markets Authority (CMA) last month said its initial view was that Sainsbury's 7.3 billion pounds takeover of Walmart's Asda should be blocked in the absence of the sale of a large number of stores, or even one of the brands. "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," the supermarkets said on Tuesday.
- Reuters•last month
Sainsbury's to detail price cuts to try to win over watchdog for Asda deal - FT
Britain's Competition and Markets Authority (CMA) dealt a potentially fatal blow to the deal last month, saying its initial view was that the proposed 7.3 billion pound takeover of Asda by Britain's No. 2 supermarket group would be blocked without the sale of a large number of stores, or even one of the brands. The supermarkets will also recalculate a key indicator of consumer harm using what they consider to be more realistic criteria, and submit another proposal for store sales, the FT reported, citing people briefed on the process.
- Reuters•last month
With Asda deal in doubt, new Sainsbury's chairman to start next week
Sainsbury's new chairman Martin Scicluna will take up his role on Sunday, the company said on Friday, in the midst of its battle to salvage a $9.5 billion (7.3 billion pounds) takeover of rival Asda and hold on to its position as Britain's No.2 supermarket group. The company said current non-executive chairman David Tyler would step down on March 9 and be succeeded by Scicluna, who holds the same role at insurer RSA, the next day. It said last July that Scicluna would take over from Tyler, who has been chairman for the past nine and a half years, but did not give a precise date.
Reuters•2 months agoMore woe for Sainsbury's as sales deteriorate
Sales at Sainsbury's, Britain's No. 2 supermarket group, have worsened, industry data showed on Tuesday, adding to its woes after a brutal provisional regulatory view on its proposed 7.3 billion pound ($9.6 billion) takeover of Asda. Shares in Sainsbury's, which had fallen by nearly a fifth after the CMA's preliminary report, dropped as much as 1.3 percent on Tuesday after market researcher Kantar Worldpanel said Sainsbury's sales fell 1 percent in the 12 weeks to Feb. 24, reducing its market share by 0.5 percentage points to 15.7 percent. In contrast sales at market leader Tesco, No. 3 Asda, which is owned by Walmart, and No. 4 Morrisons rose 1.3 percent, 1 percent and 0.8 percent respectively, Kantar said.
- Reuters•2 months ago
M&S food to go online in $2 billion Ocado joint venture
Britain's Marks and Spencer and Ocado launched an online food joint venture on Wednesday, belatedly giving M&S a home-delivery service while netting $1 billion (£753 million) for its fast-growing technology providing partner. M&S, Britain's best-known stores group, has lagged rivals in tapping into Britain's fastest growing grocery area, which industry researcher IGD expects to expand by 52 percent over the next five years to £17.3 billion. Under the deal, Ocado's retail arm will become a joint venture with M&S, which will pay £750 million for its half share.
- Reuters•2 months ago
Crest Nicholson names Duncan Cooper as new finance chief
Cooper, who joins from J Sainsbury plc's, would be tasked with returning the housebuilder to a stable growth path after it continued to suffer from stuttered demand amidst Brexit uncertainty. The company, traditionally associated with upmarket properties in southern England, recently forecast a "difficult" first half as its full-year profit fell short of expectations while adding that it was cutting costs, reviewing its supply chain and processes, and shoring up falling margins.
- Reuters•2 months ago
PRESS DIGEST- Financial Times - Feb 25
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Donald Trump says U.S. to delay raising tariffs on Chinese ...
- Reuters•2 months ago
KKR mulling bid for Asda after merger with Sainsbury falters - Sunday Times
American private equity giant KKR is plotting a bid for Walmart's Asda as talks for its merger with British rival Sainsbury falter on competition concerns, The Sunday Times reported. KKR is thought to be working with former Asda boss Tony De Nunzio, now a senior adviser to the buyout firm, the report said. The newspaper, which did not cite its sources, said Asda would have a lower valuation than the 7.3 billion pounds in the Sainsbury's deal because there would not be the same economies of scale.
- Reuters•2 months ago
KKR mulling bid for Asda after merger with Sainsbury falters -Sunday Times
American private equity giant KKR is plotting a bid for Walmart's Asda as talks for its merger with British rival Sainsbury falter on competition concerns, The Sunday Times reported. KKR is thought to be working with former Asda boss Tony De Nunzio, now a senior adviser to the buyout firm, the report said. The newspaper, which did not cite its sources, said Asda would have a lower valuation than the 7.3 billion pounds in the Sainsbury's deal because there would not be the same economies of scale.