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SBRY 239.60 -0.20 (-0.08%)
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Bonus cuts at Sainsbury and M&S as goals missed
LONDON (Reuters) - The chief executives of major retailers J Sainsbury and Marks & Spencer have both taken cuts in their bonuses after failing to meet targets and as recession forces them to scale back growth plans.
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Sainsbury beats Tesco but still disappoints
J Sainsbury suffered a surprise slowdown in sales over the past three months, with its first-quarter performance coming in below analysts' expectations, despite the extra demand from the Diamond Jubilee celebrations.
Sainsbury Beats Tesco  Motley Fool UK
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Split over Sainsbury's Westfield supermarket plans
Plans for a 55,000 sq ft Sainsbury's store in Westfield in Somerset have split the local community. Some are concerned that a store planned at St Peter's Park could take business away from nearby Radstock and Midsomer Norton and cause traffic problems.
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Stocks that could win gold at the Olympics
"The Olympics will not fundamentally boost earnings," he says, reminding investors of the "challenging consumer outlook and intense competition".
Sainsbury enters e-book market with Anobii buy
LONDON (Reuters) - Britain's third largest supermarket group J Sainsbury has entered the e-book and social network market with the purchase of HMV Group's shareholding in Anobii for a nominal 1 pound ($1.55).
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Tesco urged to shake up US business
Tesco is facing fresh calls to shake up its lossmaking US business from a group that works with US union-sponsored pension funds. The Change to Win Investment Group, which works with pension plans that serve the interests of the members of five US ...
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Tesco sales seen lower in first quarter
N)) and Sainsbury Plc (SBRY.L), in part because it sells more discretionary goods like homewares, where shoppers have cut back most in the economic downturn.
Tesco UK Sales Decline Persists as Shoppers Stay Away  BusinessWeek
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It's time to get over the gilt complex
The unending flight to quality in sovereign bonds has seen gilt prices soar and yields sink to levels that have rarely, if ever, been seen.
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Not just any bank services, M&S bank services
LONDON (Reuters) - Retailer Marks & Spencer Plc plans to launch in-store banking services next month backed by HSBC, competing with the rest of Britain's established but unpopular high street banks.
Marks & Spencer Plans 50 In-Store Bank Branches to Rival Tesco  Bloomberg
M&S to launch in-store bank  Financial Mirror
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How to invest in fine wines
The BBC reported in April that 50 UK-based vintage wine investment firms had collapsed over the past four years, taking around �100 million of investors' money with them.