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Sainsbury's profits slip in supermarket price war
Sainsbury's has warned that it expects the market to remain competitive for the "foreseeable future" after posting a near 14pc fall in annual profits due to the cost of the intense supermarket price war.
Sainsbury's warns on 'competitive' UK grocery market  
Sainsbury's Reports Annual Profits Of �548m  
Market Chart
6,111.09 -74.50 (-1.20%)
16,641.28 -88.81 (-0.53%)
3,358.05 -35.92 (-1.06%)
3,729.58 -15.60 (-0.42%)

Top stories

The fashion retailer says it is possible full price sales could fall further after previously warning of a "challenging" year.
Axa is to sell Elevate, a business which handles nearly �10bn of UK investments, to Edinburgh-based insurer Standard Life. The move is one of a trio of deals worth up to €830m in total that will complete the French group's exit from UK life assurance.
Housing analysts have slammed a Barclays 100% mortgage as "crackers", saying the first mortgage since the crisis not to require a deposit will help people buy property they can't afford.
Wonga has posted a record annual loss of �80.2m as the UK payday lender undertakes a radical overhaul of its business in an attempt to survive tough regulations.
08.15: The Footsie was weak in early trading, tracking overnight falls by US and Asian stocks amid gloom over the global growth outlook, while investors also digested a big batch of corporate news including disappointing updates from Sainsbury's and ...

Trends

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