Sainsbury's Share News (SBRY)

IN BRIEF: Sainsbury's begins first tranche of GBP200 million buyback

J Sainsbury PLC - London-based supermarket chain - Begins share buyback programme of up to GBP200 million to be completed by the end of its financial year on March 1, 2025. Says the first tranche will be for a maximum of GBP150 million in shares, ending on or before November 1. Sainsbury's confirmed on Thursday it would begin the programme, first announced in February, when it announced its annual results. Revenue rose 3.8% to GBP32.70 billion in the financial year that ended March 2 from GBP35.16 billion in financial 2023. The increase in revenue was offset by cost of sales rising 3.1% to GBP30.3 million from GBP29.4 million and administrative expenses rising 27% to GBP1.9 million from GBP1.5 million. Pretax profit fell by 15% to GBP277 million from GBP327 million. Despite the falling bottom-line, Sainsbury's declared a final dividend of 9.2 pence, taking its full-year total dividend to an unchanged 13.1p compared to a year earlier.

Sainsbury's kicks off £200m share buyback programme

(Sharecast News) - Sainsbury's kicked off its share buyback programme on Friday, having announced it on 7 February, aiming to repurchase up to £200m of shares by the end of the current financial year.

LONDON BRIEFING: Anglo American rejects BHP takeover offer

(Alliance News) - Stocks in London are called to open higher on Friday, ahead of key US inflation data

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

UK's Sainsbury's targets 10% profit growth as it wins more shoppers

2023/24 pretax profit up 1.6%, above company guidance

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TOP NEWS: Sainsbury's profit falls but revenue up, maintains dividend

(Alliance News) - J Sainsbury PLC on Thursday said annual profit fell as widening costs more than offset rising revenue, although it kept its dividend unchanged and emphasised the performance of its food business.

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Sainsburys sees strong profit growth this year on food pivot

(Sharecast News) - UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.

UK's FTSE 100 hits record peak; Associated British Foods surges

Associated British Foods jumps after forecasting growth

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Shoppers clamber for deals as grocery inflation slows further

(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

TOP NEWS: Grocery inflation eases again in April despite early Easter

(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.

British grocery inflation dips to 3.2%, says Kantar

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Grocery inflation down for 14th straight month
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