British grocer J Sainsbury rings up first ever loss
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J Sainsbury reported its first ever pretax loss after investing heavily in restructuring aimed at arresting a decline in its fortunes.
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His initial takeover was thwarted by Leeds after a failure to provide promised monies two weeks ago. Yesterday, Mr Sainsbury - the great-grandson of the founder of the supermarket chain â-evealed he had
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Supermarket chain J Sainsbury buys convenience store chain Jacksons, which has 114 stores across the Midlands and north of England.
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The FTSE 100 fell sharply on Tuesday as grocer Tesco provided further evidence of a retail spending slowdown.
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J Sainsbury Plc , Britain's third-biggest supermarket operator, said on Friday it had sold a 5 percent stake in Sainsbury's Bank for 21 million pounds ($41 million) to British banking group HBOS Plc .
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City analysts were slashing their forecasts for profits at J Sainsbury yesterday after the struggling supermarket group admitted its first-half profits would be two thirds lower than last year&#39;s.
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Troubled supermarket group J Sainsbury PLC said Wednesday that costs linked to changes in its supply chain contributed to an 88 percent fall in net profit in the first half of its fiscal year.
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AMSTERDAM  - Global food retailer Ahold NV, which owns the Stop &amp; Shop and Giant supermarket chains in the United States, reported a wider loss Wednesday for the third quarter, mainly because of one-time charges.
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The Financial Services Authority yesterday launched a major investigation into whether J Sainsbury has breached stock market rules on giving price sensitive information to City analysts.
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Capital One Financial of McLean posted its first quarterly loss ever, from the expense of shutting down its mortgage lender, and warned of additional challenges in the credit card and auto finance businesses.
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D. R. Horton posted a loss of $128.8 million, or 41 cents a share, for the first quarter ended Dec. 31, in contrast to a year-earlier profit of $109.7 million, or 35 cents a share.
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US investment bank Bear Stearns reports its first loss after making risky bets on sub-prime mortgages.
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Centrica, the owner of British Gas, has lost nearly 1 million customers this year after rising fuel costs forced it to increase energy bills.
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Jarvis, the support services group, announced a record loss yesterday as it wrote off Â£240m to cover past and future problems. It passed its half-year dividend and turnover fell almost 30 per
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UK stocks including J Sainsbury Plc, Britain&#39;s third-largest supermarket chain, fell. The company said first-half earnings fell by as much as 66 percent as it lost market share.
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Business & money: The battle for control of J Sainsbury is expected to reach its denouement this week as crunch talks between Delta Two, the Qatari-backed investment vehicle, and the supermarket continue today.
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J Sainsbury, the deeply troubled supermarket group, yesterday gave its third profits warning since March, and some analysts fear that a fourth could arrive as early as next Tuesday.