Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video 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: 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
SBRY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK grocery inflation slows, Aldi and Lidl take more market share

Tue, 12th Sep 2023 08:18

(Sharecast News) - Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.

Annual grocery price inflation fell to 12.2% in the four weeks to 3 September, according to data out on Tuesday from Kantar, down from 12.7% the previous four weeks.

This marked the sixth consecutive drop in price growth and the lowest level in 12 months.

However, "12.2% won't be a number to celebrate for many households", said Kantar's head of retail and consumer insight Fraser McKevitt.

"Our data shows that 95% of consumers are still worried about the impact of rising grocery prices, matched only by their concern about energy bills. After a full year of double digit grocery inflation, it's no surprise that just under a quarter of the population consider themselves to be struggling financially - although this is a very slight drop compared to May."

The rising cost of living is continuing to be seen in grocery market share data, with discount retailers Aldi and Lidl increasing their share of the market to 10.1% and 7.6%, respectively, from 9.3% and 7.1% the year before.

"We're now marking one year since Aldi became the fourth largest supermarket in Britain and alongside Lidl, it has made some of the biggest market share gains over the past 12 months as consumers continue their hunt for value," McKevitt said.

"We expect this performance to continue as inflation remains stubbornly high, however, growth rates for both the discounters have been slowing in recent months as they annualise against rapid rises last year."

Tesco and Sainsbury still hold 27.2% and 14.8% of the market, respectively, both slightly up from the same period last year, but Asda, Morrisons, Co-op, Waitrose, Iceland and Ocado all saw market-share declines.

More News
3 May 2024 08:41

UK supermarket Asda refinances over $4 bln of debt

LONDON, May 3 (Reuters) - British supermarket Asda has refinanced over 3.2 billion pounds ($4.0 billion) of debt, pushing out the majority of its maturities into the next decade, it said on Friday.

Read more
2 May 2024 08:00

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Read more
29 Apr 2024 09:46

Supermarket Income REIT buys Carrefour portfolio in France

(Alliance News) - Supermarket Income REIT PLC on Monday said it has acquired the Carrefour SA supermarket portfolio in France for EUR75.3 million.

Read more
26 Apr 2024 09:10

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.

Read more
26 Apr 2024 08:32

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.

Read more
26 Apr 2024 07:43

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

Read more
25 Apr 2024 15:14

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.

Read more
25 Apr 2024 11:21

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

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

*

Read more
25 Apr 2024 09:15

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.

Read more
25 Apr 2024 07:56

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.

Read more
25 Apr 2024 07:43

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.

Read more
25 Apr 2024 07:18

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.

Read more
23 Apr 2024 17:12

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

Associated British Foods jumps after forecasting growth

*

Read more
23 Apr 2024 08:57

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.

Read more
23 Apr 2024 08:54

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.

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

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