The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 277.20
Bid: 279.00
Ask: 279.20
Change: -0.20 (-0.07%)
Spread: 0.20 (0.072%)
Open: 275.80
High: 279.80
Low: 274.80
Prev. Close: 277.40
SBRY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sainsbury's to axe 1,500 jobs in cost-cutting drive

Thu, 29th Feb 2024 15:37

(Sharecast News) - Supermarket chain Sainsbury's said on Thursday that it's planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.

The jobs will be lost at the store support centre, contact centre operations, bakeries and in the general merchandise fulfilment network.

Where possible, Sainsbury's said it would find find alternative roles for affected staff.

The job losses are part of the new "Next Level Sainsbury's" strategy, which was outlined earlier this month, with a cost-savings target of £1bn over three years.

In a strategy update on 7 February, Sainsbury's said it would be putting food back at the heart of the business.

Chief executive Simon Roberts said at the time: "Our Next Level Sainsbury's strategy is about giving customers more of what they come to Sainsbury's for - outstanding value, unbeatable quality food and great service. Thanks to our scale, our brand and our people, we are in a unique position to deliver for customers across Sainsburys, Argos and Nectar.

"We're going to build on what's driven our success since 2020. We're determined to be First Choice for Food, ensuring more customers in more of our stores can enjoy more brilliant Sainsbury's food. That means more space for our food offer, while still delivering the general merchandise products customers want from us. That way, not only will we find more ways to delight new and existing customers, we will also continue growing volume market share."

More News
5 Sep 2023 08:51

LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears

(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.

Read more
24 Aug 2023 08:23

UK supermarket Asda launches fresh round of price cuts

LONDON, Aug 24 (Reuters) - British supermarket Asda on Thursday followed rivals Ocado Retail and Sainsbury's in announcing a fresh round of price cuts, adding to the downward trajectory in UK food inflation.

Read more
23 Aug 2023 10:24

Britain's Ocado Retail and Sainsbury's cut prices again

Ocado Retail cuts prices of 200 products

*

Read more
22 Aug 2023 17:13

Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Blue-chip FTSE 100 snaps seven-day losing streak

*

Read more
22 Aug 2023 08:00

Britain's gloomy weather dents supermarket sales growth into August -NIQ

UK supermarket sales growth slows to 7.2% in August -NIQ

*

Read more
18 Aug 2023 10:38

Breakfast, barbecues and booze: UK supermarkets set for Women's World Cup final fillip

LONDON, Aug 18 (Reuters) - British supermarkets and pubs are set to enjoy a boost to trade this weekend as families and friends gather for breakfasts and barbecues to watch England's Lionesses play Spain in the Women's World Cup soccer final in Australia.

Read more
15 Aug 2023 16:00

UK supermarket Asda's like-for-like sales rise 9.6%

LONDON, Aug 15 (Reuters) - British supermarket group Asda reported stronger like-for-like sales in the second quarter, driven by higher demand for cheaper alternatives to branded grocery products amid a cost-of-living crisis, it said on Tuesday.

Read more
15 Aug 2023 09:01

LONDON MARKET OPEN: Financials lead decline in FTSE 100; M&S jumps

(Alliance News) - Stock prices in London opened firmly in the red on Tuesday, following a mixed UK jobs print, and the latest stream of weak data from China.

Read more
15 Aug 2023 08:57

TOP NEWS: UK grocery price inflation eases; Ocado loses market share

(Alliance News) - Grocery price inflation in the UK cooled by just over two percentage points to 12.7% in the four weeks that ended August 6, the second sharpest slowdown in price in 15 years, according to survey data from Kantar, with staples such as milk and vegetable oil seeing price cuts.

Read more
15 Aug 2023 08:48

UK grocery inflation continues to cool, rain dampens demand - Kantar

*
UK grocery inflation 12.7% in 4 weeks to Aug 6 -Kantar

Read more
11 Aug 2023 15:17

Sainsbury's Bank agrees to sell mortgage portfolio for GBP464 million

(Alliance News) - J Sainsbury PLC on Friday said that Sainsbury's Bank PLC has agreed to sell its mortgage portfolio to The Co-operative Bank PLC for around GBP464 million.

Read more
11 Aug 2023 15:17

Sainsbury's sells its mortgage book to the Co-operative Bank

(Sharecast News) - Grocery giant J Sainsbury announced on Friday that its financial subsidiary, Sainsbury's Bank, has sold its mortgage portfolio to the Co-operative Bank in a cash transaction worth £464m.

Read more
11 Aug 2023 11:46

Tesco to swap cheaper product lines into convenience shops

(Alliance News) - Tesco PLC is to swap cheaper product lines into its convenience stores as shoppers battle the rising cost of living.

Read more
10 Aug 2023 12:27

Aldi UK launches new round of price cuts

LONDON, Aug 10 (Reuters) - The British arm of German discount supermarket Aldi has reduced the prices of over 30 household grocery staples, it said on Thursday, adding to a body of evidence that a surge in UK food inflation is on the wane.

Read more
3 Aug 2023 17:45

DIRECTOR DEALINGS: Sainsbury's division chair sells GBP440,200 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account