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...The boss of J Sainsbury said shoppers were starting to splurge on certain items after two years of shopping for bargains, as Britain’s second-biggest supermarket forecast rising profits this year....
...J Sainsbury, the UK’s second-largest supermarket chain, said it expected to deliver profit growth this year despite a drop in earnings for the year just ended as it seeks to lure more shoppers to its stores...
...Sales momentum slowed in the second half of the year, however, and despite the uptick in sales, industry data show that Asda has consistently underperformed its bigger rivals Tesco and J Sainsbury....
...J Sainsbury’s fresh plans to boost shareholder returns and cut a further £1bn in costs over the next three years drew a lukewarm response from investors on Wednesday after the supermarket chain also disclosed...
Fabio Panetta says Europe should use the power of having a global currency wisely
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...J Sainsbury was among the biggest fallers on the FTSE 100 on Wednesday after strong grocery sales failed to allay concerns over its struggling general merchandise business....
...Since January, all the main food retailers — including Tesco, J Sainsbury and Asda — have said that store staff will receive at least £12 an hour from April, matching the higher voluntary rate set as a benchmark...
...Martin Green, chief executive of Care England, the largest representative body for independent social care services, said many charities have embarked on care home closure programmes and will only take publicly...
...Martin Gruenberg spoke to the Financial Times as his agency issued a paper detailing how it would handle the collapse of a global systemically important bank (G-SIB) such as Credit Suisse....
...Now read these Go big: Europe is still not living up to its potential given its economic size and should fix that with the boldness of Thatcher and Delors, writes Martin Sandbu....
...So why, asks Martin Arnold, is the ECB expected to leave interest rates at a record high when its governing council meets today?...
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...Special thanks to Laura Clarke, Alastair Mackie, Gretta Cohn and Natalie Sadler. FT premium subscribers can get the Unhedged newsletter for free. A 30-day free trial is available to everyone else....
...The strong performance from Tesco and M&S comes a day after rival J Sainsbury disappointed investors with weak general merchandise sales....
...Special thanks to Laura Clarke, Alastair Mackie, Gretta Cohn and Natalie Sadler....
...In Ascension by Martin MacInnes (Atlantic) Eyebrows were raised when MacInnes’s third novel failed to progress from the Booker longlist to the final six, and it’s not hard to understand why, at least in...
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...The European Central Bank’s president will announce its latest monetary policy decision in Frankfurt today against a backdrop of worsening relations with many of her own staff, writes Martin Arnold....
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ECB’s Andrea Enria says lack of cross-border integration increases costs for customers
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