J Sainsbury PLC

J Sainsbury Plc engages in the retailing, financial services, and property investment businesses. It operates through the following segments: Retail-Food, Retail-General Merchandise and Clothing, and Financial Services. The Retail segment distributes food, general merchandise, and clothing. The Financial Services segment includes Sainsbury's Bank Plc and Argos Financial Services entities. The company was founded by John James Sainsbury and Mary Ann Sainsbury in 1869 and is headquartered in London, the United Kingdom.

Sainsbury's (LON: SBRY) share price has been in a strong downward trend in 2022. The shares crashed to a low of 170p, which was the lowest level on record.

Sainsbury's share price is down by 40% in 2022: is it a buy?

London-based property investor and FTSE 250 constituent LXi REIT today confirmed that it is abandoning a deal to buy 18 Sainsbury's stores in southern England after suspending equity funding, citing stock market volatility. The reversal comes only five days after LXi confirmed talks of a £500mln deal with the supermarket chain that was to be funded through a mix of new equity and debt.

LXi abandons £500mln Sainsbury's deal

J Sainsbury PLC (LSE:SBRY) has moved to simplify its property ownership structure via the sale and purchase of a number of stores in two separate deals. The supermarket retailer has agreed to buy 21 stores in the Highbury and Dragon investment vehicles in which it has held a 49% stake since it was created in 2000.

Sainsbury's moves to simplify its property ownership structure

LXi REIT confirmed reports in today's press that it is in talks to buy a number of stores from J Sainsbury PLC (LSE:SBRY) in a £500mln deal. In a statement, LXi said the discussions revolved around a sale and leaseback agreement for a portfolio of 18 stores predominantly located in the south of England which would be let to Sainsbury's Supermarkets.

LXi REIT confirms it is in talks to buy stores from J Sainsbury in £500mln deal

British supermarket group Sainsbury's is in talks to sell 18 stores in southern England to property investor LXi REIT for about 500 million pounds ($568 million).

UK's Sainsbury's in talks to sell stores worth 500 mln stg

J Sainsbury PLC has said it will raise pay for its workers again as the supermarket giant looks to attract and retain staff, Reuters reported. The company, the UK's second-largest grocer, said 127,000 hourly paid workers will get a 25p per hour increase from October 16, costing it £20mln, the newswire said.

Sainsbury's raises staff pay again, offers food perk as cost of living crisis bites

J Sainsbury PLC said it will invest £65mln into its pricing next month to ease the pressure on consumers, whose budgets are being squeezed by surging inflation.  The pricing pledge is part of a wider £500mln investment commitment.

Sainsbury's to plough £65mln into prices in September to ease pressure on consumers

Asda has snapped up the Co-op's petrol stations business for £600mln including cash and leases. The UK's third-largest supermarket group, which was bought by billionaire petrol station moguls the Issa brothers two years ago, will shell out a cash value of £438mln for the sites.

Asda buys Co-op's petrol forecourts business for £600mln as it looks to catch up with Sainsbury's

Tesco PLC

J Sainsbury PLC (LSE:SBRY) is weaker and less equipped to deal with a challenging consumer environment than Tesco PLC (LSE:TSCO), says JPMorgan. Analysts from the investment bank said that recent quarterly updates across the sector support its reasons for retaining a positive outlook.

Sainsbury's weaker than Tesco in tough times, says JPMorgan

As crude oil prices begin to somewhat stabilise, a war at the petrol pumps is seemingly brewing among retailers as Tesco PLC (LSE:TSCO) followed the precedent set by Asda at the end of last week in slashing prices. Currently, the price of crude oil is at US$94 per barrel, slightly above the price prior to Russia's invasion of Ukraine.

Tesco PLC and J Sainsbury PLC: Duo duel over petrol prices; but, once the dust settles, who really wins?

Some 83% of Sainsbury's shareholders voted against the Living Wage resolution, which would have ensured all permanent and temporary workers received at least £9.90 per hour across the UK. Its investors significantly voted alongside the Sainsbury's board at its AGM, which was also backed by two major advisors, Glass Lewis and ISS.

Sainsbury's shareholders throw out Living Wage resolution

Q1 trading statement published on the 25th of June 2022 was acceptable but not stellar. Financial performance has been improving, although needs to catch up with the market leader, Tesco.

Sainsbury Continues To Provide Mixed Signals To Investors

J Sainsburys PLC shares shrugged off news of softer sales in the first quarter, with much of the bad news priced in, though in its analysis the City has perhaps more searching questions for the supermarket retailer. The first would be about how Sainsbury intends to compete for customers amidst inflating prices and the cost-of-living crisis, albeit, today's statement did more than hint at management's thinking.

Sainsbury's is again touted as a takeover target, but is deal likely right now?

Barclays has given J Sainsbury PLC (LSE:SBRY) an 'overweight' rating following its first-quarter results, despite sales falling by more than 4%. The target price has been set at 300p, with the rating compared to the European food retail sector being set as neutral.

Sainsbury's gets upbeat rating from Barclays despite sales dip

J Sainsbury PLC (LSE:SBRY)'s sales fell 4% in the first trading quarter of 2022, as it became the latest grocer to feel the heat of consumer belt-tightening.   The British supermarket chain announced today that its chief financial officer Kevin O'Byrne is retiring at the end of March 2023, as it comes under mounting pressure to guarantee staff a living wage.

Sainsbury's sales drop as it feels the heat of consumer belt-tightening

Prices and inflation will be key talking points as J Sainsbury PLC (LSE:SBRY)) issues its first-quarter trading statement on Tuesday. In April, the UK supermarket group forecast that the year ahead would be impacted by “external pressures and uncertainties”.

J Sainsbury quarterlies set for Tuesday's spotlight

J Sainsbury PLC (LSE:SBRY) and Marks and Spencer Group PLC (LSE:MKS) are expected to face fierce criticism over wages of both bosses and staff this week but for completely different reasons.  Both companies have been embroiled in shareholder disputes after refusing payment guarantees ti employees while simultaneously handing out bumper pay packages to senior executives.

Sainsbury's, M&S to face fresh backlash over wages this week

As cost-of-living pressures escalate, operating conditions for Sainsbury's become increasingly tougher. Negativity regarding the earnings outlook is being compounded by prior-period comparisons that included unsustainable pandemic-related boosts.

J Sainsbury: Bargain Buying

Some interesting London-listed companies large and small with updates pencilled in for the coming week, including Entain, Sainsbury, Persimmon and Currys, not to mention some important economic data points.  There should be a relatively quiet start to the week for markets, with North America on holiday for the 4th of July celebrations for Independence Day, but after that there's a packed financial diary, concluding with the big US jobs report on Friday.

Week ahead: updates from Entain, Currys, Sainsbury's, as well as US jobs report

J Sainsbury PLC (LSE:SBRY) will issue its trading statement for the first quarter of 2022-23 next Tuesday, 5 July, hoping that its investment in competitive pricing will have paid off.  Amid weak consumer confidence and high levels of inflation, the UK's leading supermarkets are in a race to compete on price in order to sustain market share.

Sainsbury's in race to compete on price

Further major investors are pushing J Sainsbury PLC (LSE:SBRY) to commit to paying the real living wage to all its staff. Coutts & Co bank and the Coal Pensions Board have teamed up with other investors to back a resolution at next week's annual shareholder meeting demanding Sainsbury pay a living wage to both its direct employees and contractors as rising energy and food costs put lower-paid workers are under pressure.

Sainsbury faces increased pressure to pay workers a living wage

British supermarket group Sainsbury's, seeking an edge amid a worsening cost of living crisis, will for the first time include its biggest selling lines in a scheme that matches the prices of German-owned discounter Aldi.

Britain's Sainsbury's adds top sellers to price match scheme

The boss of supermarket chain J Sainsbury PLC (LSE:SBRY) saw his pay almost triple last year, as Britain's households struggle with rising food and petrol prices and soaring energy costs.  Sainsbury's revealed in its annual report that Simon Roberts, who took over as CEO in June 2020, received £3.8mln in pay and bonuses in the year to March 2022, up from £1.3mln the previous year, when he waived his bonus because of the impact of the Covid-19 pandemic.

Sainsbury's CEO sees pay triple as shoppers face surge in cost of living

J Sainsbury PLC (LSE:SBRY) shareholders will vote on whether the supermarket chain should increase staff pay in line with the real living wage at its annual general meeting next month. A resolution for Sainsbury's to pay the real living wage has been proposed by a group including Legal & General, responsible investment group ShareAction and the manager of the Nest workplace pension scheme.

Sainsbury investors to vote on whether it should pay real living wage

Shareholders in Sainsbury's will get to vote on a resolution at next month's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so-called real living wage to all its workers by July 2023.

News for J Sainsbury PLC Stock (JSAIY)