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1 week ago | 
marketscreener.com | James Davey
LONDON (Reuters) -Sainsbury's, Britain's second largest food retailer after Tesco, forecast flat profit this year as it pledged to sustain its competitive edge if a price war emerges. Last month, Asda, the number three player, flagged the start of a potential price war, saying it would take a hit to profits to finance price cuts aimed at reversing a slide in its market share.
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1 week ago | 
msn.com | James Davey
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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1 week ago | 
marketscreener.com | James Davey
LONDON (Reuters) - When Sainsbury's reports annual results on Thursday all eyes will be on whether Britain's second-largest food retailer follows industry leader Tesco in forecasting lower profits this year to give it the flexibility to cut prices. Last month, privately owned Asda, the number three player, flagged the start of a potential price war, saying it would take a hit to profits to finance a campaign of price cuts aimed at reversing a slide in its share of Britain's grocery market.
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2 weeks ago | 
businesslive.co.za | James Davey
London — Tesco, Britain’s biggest food retailer, warned on Thursday its profit would likely fall this year as it set aside cash to deal with a step up in the “competitive intensity” of the market, sending its shares down more than 6%. Last month, Asda, Britain’s third largest grocer, said it would take a hit to profit to finance a major campaign of price cuts aimed at reversing a slide in market share.
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2 weeks ago | 
sg.finance.yahoo.com | James Davey
James Davey Thu, 10 April 2025 at 2:24 am GMT-4 2 min read In this article: By James Davey LONDON (Reuters) -Tesco, Britain's biggest food retailer, warned on Thursday its profit would likely fall this year, reflecting a further increase in the "competitive intensity" of the UK market.
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2 weeks ago | 
money.usnews.com | James Davey
By James DaveyLONDON (Reuters) - British sportswear retailer JD Sports, one of Nike's largest customers, said on Wednesday it felt "really good" about the direction of the brand and their relationship despite trading and tariff challenges. Shares in Nike, based in Beaverton, Oregon, have slumped 42% over the last year, initially due to weak trading in the face of intensifying competition and more recently the hit from U.S. President Donald Trump's imposition of new tariffs.
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2 weeks ago | 
whbl.com | James Davey
By James DaveyLONDON (Reuters) -British sportswear retailer JD Sports forecast little or no profit growth this year, even before any potential impact from U.S. tariffs, with the trading environment in its key markets expected to be “volatile”. Prior to Wednesday’s update, shares in FTSE 100-listed JD had lost over a third of their value this year on worries about consumer spending amid a downturn in demand for Nike products, which account for about 45% of JD’s sales.
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2 weeks ago | 
msn.com | James Davey
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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2 weeks ago | 
ca.finance.yahoo.com | James Davey
LONDON (Reuters) - Tesco reports full-year results on Thursday, giving Britain's biggest supermarket group a platform to respond to rival Asda's move to lower prices that sent shares in the listed grocers tumbling. Asda, the UK's number three food retailer, said last month it would take a hit to profit to finance a shift to a lower price-point strategy that it hopes will recover lost market share.
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3 weeks ago | 
msn.com | James Davey
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
