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Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

London Stock Exchange
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Share Price: 276.00
Bid: 276.80
Ask: 277.00
Change: 1.80 (0.66%)
Spread: 0.20 (0.072%)
Open: 274.60
High: 278.40
Low: 274.60
Prev. Close: 274.20
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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."

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10 Jan 2024 17:23

UK's FTSE 100 slips as Sainsbury's, insurers weigh

Sainsbury's retains profit forecast; shares drop

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10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

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10 Jan 2024 15:23

London close: Stocks slip as investors brace for US inflation

(Sharecast News) - London stocks closed with losses on Wednesday, influenced by a pessimistic growth outlook from the World Bank and investors' attention to upcoming US inflation data.

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10 Jan 2024 12:07

Sainsbury's bumper Christmas for food offset by weakness elsewhere

Q3 underlying sales up 7.4%

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10 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 falls as investors await rates clarity

(Alliance News) - Blue-chip European shares were lower early Wednesday afternoon, with the mood in equity markets uncertain ahead of Thursday's key US inflation report.

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10 Jan 2024 11:16

UK's Sainsbury's in contact with government over Red Sea disruption

LONDON, Jan 10 (Reuters) - Sainsbury's is in regular contact with the UK government about the disruption to shipping in the Red Sea, the supermarket group said on Wednesday, in a sign of the nervousness of major importers about securing supplies.

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10 Jan 2024 08:49

LONDON MARKET OPEN: Grocers weigh on FTSE as Sainsbury's disappoints

(Alliance News) - Stock prices in London opened mixed on Wednesday, as investors remained cautious ahead of US inflation data, and rising geopolitical tensions.

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10 Jan 2024 08:48

TOP NEWS: Sainsbury's shares slip despite celebrating Christmas trade

(Alliance News) - J Sainsbury PLC on Wednesday said it continued to outperform the wider UK grocery market over the festive period.

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10 Jan 2024 07:40

LONDON BRIEFING: Sainsbury's grocery sales drive festive growth

(Alliance News) - Stocks are expected to retreat at Wednesday's market open in London, with investors hesitant to take risks ahead of key market catalysts later this week.

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10 Jan 2024 07:01

Sainsbury's holds guidance as volumes boost Christmas sales

(Sharecast News) - Shares in Sainsbury's fell on Wednesday after a broadly-upbeat Christmas trading update did not include any upgrade to full-year forecasts despite like-for-like sales at the UK supermarket chain rising 7.4% in the key trading period.

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9 Jan 2024 13:48

Wednesday preview: Bitcoin, Sainsbury in the spotlight

(Sharecast News) - The economic agenda will be sparse in the middle of the week.

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9 Jan 2024 08:00

UK's M&S Christmas food sales growth topped only by Lidl

M&S food sales up 12.1% year-on-year in 12 weeks to Dec 30 -NIQ

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8 Jan 2024 17:07

FTSE 100 lags European peers as oil drags

Shell drops; flags Q4 writedown on Singapore assets

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5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

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5 Jan 2024 07:53

UK supermarket Asda to price match discounters Aldi and Lidl on hundreds of products

LONDON, Jan 5 (Reuters) - Asda, Britain's third largest supermarket group, said it would price match discounters Aldi and Lidl on hundreds of comparable grocery products, following bigger rivals Tesco and Sainsbury's who have schemes that match Aldi's prices.

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