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Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

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Share Price: 262.40
Bid: 263.40
Ask: 263.60
Change: -2.60 (-0.98%)
Spread: 0.20 (0.076%)
Open: 264.20
High: 264.40
Low: 261.40
Prev. Close: 265.00
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UK's FTSE 100 inches lower as industrials dip; healthcare stocks rebound

Tue, 04th Jul 2023 17:18

Airlines rise after strong numbers from giant Ryanair

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Industrial metal miners down on lower metal prices

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Healthcare majors rebound after Monday's fall

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FTSE 100 down 0.1%, FTSE 250 adds 0.1%

July 4 (Reuters) - Britain's FTSE 100 edged lower on Tuesday, as weakness in industrial stocks on recessionary worries and financial shares outweighed a rebound in healthcare stocks.

The blue-chip index ended 0.1% lower after a range-bound session, while the midcap FTSE 250 index added 0.1%.

Industrial sectors including construction and aerospace and defence led declines, down nearly 1% each.

"The fears for recession have been increasing after the UK PMI (purchasing managers' index) numbers and that's why industrials in general might have been down," said Anthi Tsouvali, multi-asset strategist at State Street Global Markets.

Data on Monday showed the pace of decline in Britain's manufacturing sector steepened in June and optimism faded despite weakening price pressures.

UK banks added to the dour mood, down 0.7%, with British finance minister Jeremy Hunt backing financial regulator FCA to ensure banks are passing on better savings rates to consumers.

Industrial metal miners slipped 0.2%, tracking losses in base metal prices as weak economic data from top consumer China stoked demand concerns.

Limiting declines, the pharmaceuticals and biotech sector gained 1.2%, buoyed by a rebound in shares of AstraZeneca. The index fell more than 5% on Monday.

The FTSE 100 is up less than 1% so far for the year on concerns around a global economic slowdown and towering inflation prompting more monetary policy tightening.

Sainsbury's dropped 1.8% after Britain's second-largest supermarket group reported quarterly results, with one analyst noting competition woes hurting shares.

The travel and leisure sector that houses major airlines added 0.4% after industry bellwether Ryanair reported record monthly traffic in June.

Helping gains on the sub-index, Wizz Air Holdings advanced 2.4% after the low-cost airline recorded a 22.5% increase in passengers for June.

Dunelm Group lost 4.3% after RBC cut the homeware retailer's rating to "underperform" from "sector perform".

Trading in the session was light as most of Wall Street was closed for the Independence Day holiday. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Eileen Soreng and Mark Potter)

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20 Jun 2024 16:16

London close: Stocks rise as BoE holds interest rates

(Sharecast News) - London stocks ended Thursday on a positive note following the Bank of England's decision to maintain interest rates, aligning with market expectations despite the backdrop of decreasing inflation.

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20 Jun 2024 08:58

TOP NEWS: Sainsbury's pays NatWest GBP125 million to take on bank arm

(Alliance News) - NatWest Group PLC on Thursday agreed to buy the retail banking assets and liabilities of Sainsbury's Bank from J Sainsbury PLC.

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20 Jun 2024 08:57

LONDON MARKET OPEN: FTSE 100 climbs before BoE takes centre-stage

(Alliance News) - Stock prices in London largely opened higher on Thursday, in somewhat confident trade ahead of a Bank of England interest rate decision, which comes in the wake of the UK inflation rate returning to target.

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20 Jun 2024 08:11

NatWest swoops on retailer Sainsbury's banking business

LONDON, June 20 (Reuters) - NatWest has struck a deal to acquire most of the banking business of UK retailer Sainsbury's, the companies said on Thursday, in a deal that would increase the British lender's assets by 2.5 billion pounds ($3.2 billion).

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20 Jun 2024 07:50

LONDON BRIEFING: Sainsbury's sells core banking arm to NatWest

(Alliance News) - London's FTSE 100 is set to trade higher in morning dealings, before focus on Thursday afternoon turns to an expected interest rate hold by the Bank of England.

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20 Jun 2024 07:13

NatWest to buy Sainsbury's core banking unit for £2.5bn

(Sharecast News) - Sainsbury's has announced it is selling its core banking business, comprising £2.5bn of outstanding credit card, unsecured personal loan and saving accounts, to NatWest and plans to return a tenth of that amount to shareholders.

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20 Jun 2024 07:07

UK supermarket Sainsbury's to sell banking unit to Natwest

LONDON, June 20 (Reuters) - British supermarket Sainsbury's said on Thursday it had agreed to sell most of its banking unit to Natwest and expected the sale to complete in the first half of next year.

(Reporting by Sarah Young; Editing by Kate Holton)

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19 Jun 2024 09:43

LONDON BROKER RATINGS: Deutsche Bank likes Vodafone and raises Avacta

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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18 Jun 2024 09:42

Wet weather sees slowdown in grocery sales

(Sharecast News) - Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1.0% over the four weeks to 9 June.

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18 Jun 2024 08:36

TOP NEWS: Food price inflation falls in June on wet spring weather

(Alliance News) - Food price inflation fell for the sixteenth month in a row while sales ticked higher, figures on Tuesday showed.

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18 Jun 2024 08:00

UK grocery inflation edges lower again ahead of election, Kantar says

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Kantar: Grocery inflation at 2.1% in 4 weeks to June 9

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13 Jun 2024 08:59

Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says

LONDON, June 13 (Reuters) - Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Consortium (BRC), the head of the industry body told Reuters.

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7 Jun 2024 12:23

UK's Asda says TDR Capital to become majority owner

TDR to buy Zuber Issa's 22.5% stake, giving it 67.5%

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31 May 2024 09:35

Short-lived sunny spell helps boost UK supermarkets

(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.

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31 May 2024 08:00

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ

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