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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.
UK supermarket Sainsbury's says more price cuts on the way  
Sainsbury's warns on 'competitive' UK grocery market  
Market Chart
6,105.28 -80.31 (-1.30%)
16,681.43 -48.66 (-0.29%)
3,356.79 -37.18 (-1.10%)
3,736.43 -8.75 (-0.23%)

Top stories

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.
The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in the number of loans taken out by UK consumers.
Cold, damp weather in March and April reduced demand for clothing over the past six weeks, Next said. Though sales have improved in the past few days as weather has improved, the company said demand for clothes could stay weak.
Housing analysts have slammed a 100% mortgage launched by Barclays as "crackers", saying the first mortgage since the crisis not to require a deposit will help people buy property they can't afford.
The European Court of Justice dismisses the final legal challenge to EU rules which aim to stop youngsters from starting smoking. 11:37, UK, Wednesday 04 May 2016.

Trends

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