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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: 255.00
Bid: 254.60
Ask: 255.00
Change: -2.00 (-0.78%)
Spread: 0.40 (0.157%)
Open: 257.00
High: 260.20
Low: 254.60
Prev. Close: 257.00
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Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Tue, 22nd Aug 2023 17:13

Blue-chip FTSE 100 snaps seven-day losing streak

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Wood Group raises annual profit outlook, shares rise

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Precious metal miners lead gains

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FTSE 100 up 0.2%, FTSE 250 adds 0.7%

Aug 22 (Reuters) - Britain's blue-chip FTSE 100 index climbed off six-week lows on Tuesday, powered by gains in beaten-down cyclical sectors, while shares of John Wood Group advanced after the company raised its annual profit outlook.

The FTSE 100 was up 0.2% while the midcap FTSE 250 index gained 0.7%. Both indexes snapped seven-day losing streaks.

Precious metal miners jumped 2.8%, marking their best day since May 31, as the sector led gains.

Construction and materials, automobiles and parts and travel and leisure indexes also gained between 0.7% to 1.5% in the rally of cyclical sectors.

John Wood Group climbed 4.1% after the oilfield services and engineering firm raised its expectations for annual adjusted core profit.

"It is a relatively light data calendar this week, meaning that there are fewer risks to any rally for a few days, certainly until Friday when (U.S. Federal Reserve Chair Jerome) Powell is scheduled to speak at Jackson Hole," said Stuart Cole, chief macro economist at Equiti Capital.

"The market may simply be taking advantage of these calmer waters."

Meanwhile, shares of the defensive personal care and retail sectors slipped 0.4% and 0.8%, respectively, indicating investors' risk-on mood.

Industrial metal miners rose 1.8% as copper prices were buoyed by firm consumption data in China and more Chinese monetary support measures.

Investor focus will now shift to the Jackson Hole Symposium due later in the week, where major central bankers, including Powell, will share their views on the trajectory of global monetary policy.

Data on Tuesday showed sales growth at British supermarkets slowed in August due to a hit to demand from unseasonably wet weather. Shares of both Marks and Spencer and Sainsbury fell over 0.8%.

Britain's largest sportswear retailer JD Sports Fashion led declines on the FTSE 100 as the stock slumped 6.9% after a weak forecast from U.S. peer Dick's Sporting Goods' . (Reporting by Shreyashi Sanyal and Khushi Singh in Bengaluru; Editing by Eileen Soreng and Mark Potter)

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17 Apr 2023 07:05

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

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14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

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13 Apr 2023 11:19

Profits at Britain's Tesco to stall as inflation fight lingers

2022/23 retail adjusted operating profit down 6.3%

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13 Apr 2023 08:36

Tesco expects volumes to recover this year as inflation abates

LONDON, April 13 (Reuters) - Tesco said it expected some recovery in the volume of food it sells this year as the rate of inflation abates.

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13 Apr 2023 08:00

Tesco having 'direct conversations' with suppliers on prices - CEO

LONDON, April 13 (Reuters) - British grocer Tesco said it recognised the pressures its suppliers were facing from rising costs but it was not afraid to have "direct conversations" about delivering value for its customers.

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12 Apr 2023 11:29

No jobs cuts as logistics overhaul plans hit 7,000 Sainsbury's staff

(Alliance News) - J Sainsbury PLC on Wednesday announced a major restructuring of how its logistics operations work, affecting around 7,000 staff throughout the country.

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12 Apr 2023 10:37

Sosandar predicts maiden annual profit despite investment drive

(Alliance News) - Sosandar PLC on Wednesday said it expects a rise in annual revenue and its first-ever profit, though its bottom-line will fall short of market expectations amid investment plans.

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11 Apr 2023 13:43

Britain's Sainsbury's offers lower prices to loyalty card holders

Nectar members get lower prices on over 300 items

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11 Apr 2023 12:36

Sainsbury's to offer lower prices for Nectar card holders

(Sharecast News) - UK supermarket chain Sainsbury's has started offering lower prices for members of its Nectar loyalty card scheme in the latest battle to win customers amid the cost-of-living crisis.

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3 Apr 2023 09:43

LONDON BROKER RATINGS: HSBC cuts NCC; Exane BNP cuts Man Group

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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30 Mar 2023 17:04

UK supermarket Morrisons says sales momentum building

Q1 like-for-like sales up 0.1%

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30 Mar 2023 13:51

Trakm8 wins another supermarket optimisation contract with Iceland

(Alliance News) - Trakm8 Holdings PLC on Thursday said it has been awarded a telematics and optimisation contract extension with Iceland Foods Ltd, running until March 2027, after it was awarded a similar contract by a subsidiary of J Sainsbury PLC on Wednesday.

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30 Mar 2023 11:28

Sanderson Designs agrees major licensing deal with Sainsbury's

(Alliance News) - Sanderson Design Group PLC on Thursday said it has agreed a major licensing agreement with J Sainsbury PLC.

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30 Mar 2023 11:17

Supermarket Income REIT eyes capital return after Sainsbury's disposal

(Alliance News) - Supermarket Income REIT PLC on Thursday reported a lower net asset value for 2022 due to a decline in the value of its investments, but was optimistic on a growing UK grocery market.

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29 Mar 2023 16:00

Profit at UK supermarket Asda slumps on inflation hit

LONDON, March 29 (Reuters) - British supermarket group Asda on Wednesday reported a 24% fall in annual earnings after it decided not to pass the full impact of cost inflation onto consumers, taking a hit to profits instead.

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