Menu
07/01/2010
Sainsbury's Results 'Strong'
Supermarket chain Sainbury's enjoyed "record" like-for-like sales over the festive period, it was revealed today.
In the 13 weeks proceeding 2 January, sales - minus new store openings - grew by 3.7%.
Excluding fuel and VAT, like-for-like sales rose by 4.2%.
Sainbury's said market conditions remain "challenging" but insisted it was "well placed" for trading in 2010.
"Sainsbury's has delivered a strong trading performance over the past 13 weeks," said Chief Executive Justin King.
This morning shares in the retailer were up almost 2%, bringing dividend prices to 324.2p.
Hargreaves Lansdown Stockbrokers' Richard Hunter described the news as a "very robust performance".
"However, the company also echoed the doubts expressed by most other consumer facing businesses at the moment regarding the challenging nature of the consumer horizon," he said.
Earlier this week department store John Lewis reported bumper Christmas sales, up over 12% on last year.
While Marks and Spencer said its 0.8% rise in UK like-for-like sales over the same period represented a "good Christmas".
(PR/BMcc)
In the 13 weeks proceeding 2 January, sales - minus new store openings - grew by 3.7%.
Excluding fuel and VAT, like-for-like sales rose by 4.2%.
Sainbury's said market conditions remain "challenging" but insisted it was "well placed" for trading in 2010.
"Sainsbury's has delivered a strong trading performance over the past 13 weeks," said Chief Executive Justin King.
This morning shares in the retailer were up almost 2%, bringing dividend prices to 324.2p.
Hargreaves Lansdown Stockbrokers' Richard Hunter described the news as a "very robust performance".
"However, the company also echoed the doubts expressed by most other consumer facing businesses at the moment regarding the challenging nature of the consumer horizon," he said.
Earlier this week department store John Lewis reported bumper Christmas sales, up over 12% on last year.
While Marks and Spencer said its 0.8% rise in UK like-for-like sales over the same period represented a "good Christmas".
(PR/BMcc)
Related UK National News Stories
Click here for the latest headlines.
25 March 2009
Sainsbury's Sales Up
Sainsbury's boss Justin King has said 'basic' ranges helped boost the supermarket's sales during the first quarter of this year. The firm reported sales in the fourth quarter of the financial year at stores open for at least a year rose 2.7%, or 6.2% excluding fuel.
Sainsbury's Sales Up
Sainsbury's boss Justin King has said 'basic' ranges helped boost the supermarket's sales during the first quarter of this year. The firm reported sales in the fourth quarter of the financial year at stores open for at least a year rose 2.7%, or 6.2% excluding fuel.
19 September 2013
NSO Reports Surprise Fall In Retail Sales
The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted. Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
NSO Reports Surprise Fall In Retail Sales
The Office for National Statistics have reported a 0.9% fall in retail sales volumes in August, as opposed to 0.4% rise that analysts had predicted. Despite the fall sales volumes were still 2.1% higher than in the same period in 2012, when the Olympics affected spending.
07 May 2015
Michelin Acquires Tyre Sales Company For £50m
Michelin Tyres has purchased tyre sales company Blackcircles.com for £50 million. The Edinburgh firm generated a revenue of £28 million in 2013 and has experienced an annual growth of around 20% per annum since 2008. Michael Welch, founder of Blackcircles.
Michelin Acquires Tyre Sales Company For £50m
Michelin Tyres has purchased tyre sales company Blackcircles.com for £50 million. The Edinburgh firm generated a revenue of £28 million in 2013 and has experienced an annual growth of around 20% per annum since 2008. Michael Welch, founder of Blackcircles.
28 March 2014
Retail Sales Bounce Back A 1.7% Rise In February
Retail sales increased more than expected in February according the official figures recuperating their sales volumes until nearly 1.7% last month after the post-Christmas slump when it felt a 2%. In fact, February sales were 3.
Retail Sales Bounce Back A 1.7% Rise In February
Retail sales increased more than expected in February according the official figures recuperating their sales volumes until nearly 1.7% last month after the post-Christmas slump when it felt a 2%. In fact, February sales were 3.
23 May 2012
ONS Reveal Fall In UK Sales
According to the Office for National Statistics (ONS) retail sales volumes fell by 2.3% in April, largely because of a record fall in petrol sales. In the aftermath of March’s petrol panic buying sales of fuel were down by 13.2% in April, and the months record rainfall also affected sales of clothing and footwear.
ONS Reveal Fall In UK Sales
According to the Office for National Statistics (ONS) retail sales volumes fell by 2.3% in April, largely because of a record fall in petrol sales. In the aftermath of March’s petrol panic buying sales of fuel were down by 13.2% in April, and the months record rainfall also affected sales of clothing and footwear.
-
Northern Ireland WeatherThis Evening and Tonight:Showers gradually die out to leave good clear spells in the evening and overnight. This will allow a few fog patches to develop in places. A cold night with some ground frost. Minimum temperature 2 °C.
