Profits boost for Sainsbury's
First-half profit climbed 27 percent on increased organic food sales.
The supermarket giant has a 4.7 per cent increase in turnover to
£10bn. Pre-tax profits came in at £240m for the six-month period to 6 October,
while like-for-like sales excluding fuel grew 4 per cent. However, despite an
earlier rise, its shares fell 3 per cent over the day. In April, private equity
firm CVC aborted its bid for Sainsbury's following opposition from the
Sainsbury family, which holds an 18% stake in the business. Sainsbury's hopes
its property venture with UK developers Land Securities will appease investors
looking for the retailer to unlock some value from its estate.
Related news
Related news
The Fressnapf group opened a customer service center in Pécs
Fressnapf International Business Services Kft., a subsidiary of the German…
Read more >DHL arrived at the Hungaroring for the Formula 1® weekend with a doubled fleet of trucks powered by biofuel
DHL and Forma-1® are already in Mogyoród, the FORMA-1® HUNGARIAN…
Read more >McDonald’s is renewed and growing
McDonald’s is constantly opening new restaurants and modernizing its existing…
Read more >