Sainsbury's sales beat rivals
Sainsbury's will throw down the gauntlet to grocery market leader Tesco this week with strong sales figures.
The UK's third-biggest supermarket chain is forecast to announce a 2.3 per cent rise in underlying sales in its fourth-quarter, which would put it ahead of the most recent updates from Tesco, Asda and Morrisons.
Following what it describes as an "encouraging tick-up in trading momentum" from sales growth of 0.9 per cent in its third quarter, Shore Capital forecasts that Sainsbury's will see pre-tax profit up 5 per cent to £744m for the year to 16 March, on increased sales of £23.2bn.
Sainsbury's products have so far been clear of equine DNA, so the chain, led by Justin King, has not suffered like some rivals. Its latest trading compares with the 1.8 per cent rise in sales at Tesco over Christmas, a flat performance at Asda and a 4.1 per cent fall at Morrisons in its fourth quarter.
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Orgasm machine to deliver climax at the push of a button
- 3 Dear 'The Sun', breast cancer isn't sexy
- 4 Teacher shows sex tape featuring herself to pupils during class by mistake
- 5 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...