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: 265.00
Bid: 220.00
Ask: 284.60
Change: 0.00 (0.00%)
Spread: 64.60 (29.364%)
Open: 0.00
High: 0.00
Low: 0.00
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
28 Mar 2024 09:37

Smith & Nephew CFO designate John Rogers to start next week

(Alliance News) - Smith & Nephew PLC on Thursday confirmed that incoming Chief Financial Officer John Rogers will officially start the role on April 1.

Read more
27 Mar 2024 12:55

UK supermarket Morrisons says performance improving under new boss

Rami Baitieh joined as CEO in November

*

Read more
27 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US PCE data

(Alliance News) - Stock prices in London were lower at midday on Wednesday, but trade was more confident in mainland Europe, with focus turning to the release of the US Federal Reserve's preferred inflation gauge on Friday.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

Read more
27 Mar 2024 09:03

LONDON MARKET OPEN: FTSE 100 slips as unease lingers before US data

(Alliance News) - Stock prices in London edged lower after the open on Wednesday, with some nervy trade ahead of a US inflation reading later in the week.

Read more
27 Mar 2024 08:02

LONDON BRIEFING: Diploma makes buy; Astra wins Japan drug approvals

(Alliance News) - Stocks in London opened in a muted fashion on Wednesday, with some unease lingering in equity markets ahead of a US inflation reading later in the week.

Read more
26 Mar 2024 08:41

TOP NEWS: Grocery inflation hits 2-year low while sales get Easter boost

(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.

Read more
26 Mar 2024 08:00

British grocery price inflation slows to 4.5%, Kantar says

*
UK grocery inflation at lowest level since Feb. 2022 -Kantar

Read more
20 Mar 2024 09:38

Greggs stores forced to close as technical issue halts payments

(Alliance News) - Greggs PLC stores across the UK on Wednesday have been hit by technical issues preventing them from accepting payments, forcing some to close.

Read more
18 Mar 2024 06:59

PRESS: M&S and HSBC planning loyalty "superapp", seven-year deal — Sky

(Alliance News) - Marks & Spencer Group PLC and HSBC Holdings PLC are preparing plans to announce a new seven-year deal that includes the creation of a loyalty "superapp", Sky News reported Sunday.

Read more
16 Mar 2024 09:55

Sainsbury's "technical issues" affecting online grocery deliveries

(Alliance News) - J Sainsbury PLC has said it is experiencing "technical issues" at some stores meaning it will not be able to fulfil the "vast majority" of online grocery deliveries.

Read more
29 Feb 2024 16:48

Sainsbury's plans to axe around 1,500 jobs in cost-cutting effort

(Alliance News) - J Sainsbury PLC has said it will cut around 1,500 roles as part of plans that it hopes will cut costs by around GBP1 billion a year.

Read more
29 Feb 2024 15:37

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

(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.

Read more
27 Feb 2024 11:53

LONDON MARKET MIDDAY: FTSE 100 falters; eyes on US data

(Alliance News) - Stock prices in London were lower at midday Tuesday, ahead of slew of US data which could help determine the course of interest rates.

Read more
27 Feb 2024 08:32

TOP NEWS: UK grocery price inflation decelerates amid Valentine's Day

(Alliance News) - Grocery price inflation dropped to two-year low in the UK, as shoppers prioritised savings on Valentine's Day, new data on Tuesday showed.

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