Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 263.60
Bid: 289.60
Ask: 216.00
Change: -1.40 (-0.53%)
Spread: -73.60 (-25.414%)
Open: 264.20
High: 264.40
Low: 261.40
Prev. Close: 265.00
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'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

*

Industrial metal miners down on lower metal prices

*

Healthcare majors rebound after Monday's fall

*

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)

More News
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
23 Apr 2024 08:36

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.

Read more
23 Apr 2024 08:00

British grocery inflation dips to 3.2%, says Kantar

*
Grocery inflation down for 14th straight month

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