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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: 258.60
Bid: 258.40
Ask: 258.60
Change: -1.60 (-0.61%)
Spread: 0.20 (0.077%)
Open: 260.80
High: 260.80
Low: 258.00
Prev. Close: 260.20
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Thursday preview: US Q1 GDP, Sainsbury in the spotlight

Wed, 26th Apr 2023 16:37

(Sharecast News) - All eyes on Thursday would be on a first estimate for US economic growth at the start of 2023.

At 1330 BST, the Department of Commerce was expected to announce that gross domestic product expanded at an annualised pace of 2.0% over the three months to March.

That would be down from the 2.6% pace observed during the fourth quarter of 2022.

A reading for core PCE prices contained in the same report was seen ticking up by two tenths of a percentage point to 4.6%.

As ever, the latest weekly unemployment claims data for the week before would also be scrutinised for any signs of slower hiring.

In the euro area, at 1000 BST the European Commission would release its economic confidence index for the month of April.

On the corporate side of things, Sainsbury was due to report its full-year results.

The most recent guidance from the grocer was for a full-year underlying profit before tax at the upper end of £630m to £690m.

While price and margin pressures had continued to act as headwinds, end-March data from Kantar revealed that 12-week sales was running at 6.9%.

The latter, said Michael Hewson, chief market analyst at CMC Markets UK, compared "very favourably" to its rivals.

More recently, news that Bestway Group had taken out a stake of 3.45% had pushed the shares to their highest level in over a year.

Nonetheless, according to Hewson the obstacles to a bid materialising remained "high".

Thursday 27 April

INTERIM DIVIDEND PAYMENT DATE

Hansard Global

INTERIM EX-DIVIDEND DATE

Pembroke Vct B

QUARTERLY EX-DIVIDEND DATE

City of London Inv Trust, Tufton Oceanic Assets Limited NPV

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (13:30)

Economic Sentiment Indicator (EU) (10:00)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)

Services Sentiment (EU) (10:00)

FINALS

Novacyt S.A. (CDI), Sainsbury (J), Shield Therapeutics, Synairgen

SPECIAL DIVIDEND PAYMENT DATE

Essentra

SPECIAL EX-DIVIDEND DATE

Me Group International

AGMS

Admiral Group, AFC Energy, AstraZeneca, BP, CRH (CDI), Dalata Hotel Group (CDI), Develop North, Dial Square Investments, F&C Investment Trust, Flutter Entertainment (CDI), Helios Towers , Ibstock , International Personal Finance, Kerry Group 'A' Shares (CDI), London Stock Exchange Group, Quixant, Robert Walters, Robert Walters, Schroders, Serco Group, Smithson Investment Trust, Societatea Energetica Electrica SA GDR (Reg S), STV Group, Synectics, Taylor Wimpey, Tissue Regenix Group, Weir Group

TRADING ANNOUNCEMENTS

Currys , Howden Joinery Group, Inchcape, London Stock Exchange Group, PPHE Hotel Group Ltd, Taylor Wimpey, Unilever, WPP

FINAL DIVIDEND PAYMENT DATE

Entain, Haleon , XP Power Ltd. (DI)

FINAL EX-DIVIDEND DATE

AVI Japan Opportunity Trust , Bakkavor Group , Banco Santander S.A., Bridgepoint Group (Reg S) , Central Asia Metals, Coats Group, Croda International, Derwent London, Fresnillo, Gemfields Group Limited, Greggs, Gresham Technologies, Legal & General Group, LSL Property Services, M. P. Evans Group, Morgan Sindall Group, Mortgage Advice Bureau (Holdings) , PPHE Hotel Group Ltd, Relx plc, Rightmove, Robert Walters, Secure Trust Bank, Senior, Stelrad Group , The Pebble Group, TT Electronics, Tyman

Q1

AstraZeneca, Barclays, St James's Place

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British grocery inflation dips to 3.2%, says Kantar

*
Grocery inflation down for 14th straight month

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Jefferies upgrades M&S, Next and Sainsbury's to 'buy'

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UK supermarket Asda profit tops 1 bln stg despite market share loss

2023 adjusted EBITDA after rent up 24% to 1.08 bln stg

*

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22 Apr 2024 09:04

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19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
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*

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