Sainsbury's Warns of First-Half Profit Dip
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Troubled grocery chain J Sainsbury PLC, Britain's third-biggest supermarket retailer, said Monday it expected to announce a big drop in profits for the first half of this year.
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Unilever shares have fallen 5.7% after the Anglo-Dutch consumer goods giant issued a surprise profits warning. Unilever said sales of ice cream and its tea drinks were &quot;substantially lower&quot; in July and August due to very poor weather in northern Europe.
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Costco Wholesale Corp.  on  Wednesday warned of lower-than-expected quarterly profit  because of disappointing gross margins and a tax reserve,  sending its shares down 5 percent in premarket trading.
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Greggs, the UK's largest bakery chain, blames tough trading conditions for a drop in full year profits.
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Singer &amp; Friedlander Group Plc, a UK investment bank, said first-half profit slipped 9 percent as costs related to the acquisition of an Isle of Man trust business rose and the company appointed a new chief executive.
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Sainsbury expects first-half profits to slump nearly two-thirds from last year, as it bleeds market share to rivals and reels from an exodus of top staff.
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Supermarket Sainsbury's reports what is believed to be its first loss, as it struggles to turn around its ailing fortunes.
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Sainsbury's shares fall as much as 8% on concern it may unveil weak Christmas trading figures later this week.
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Business & money: Electrical goods retailer says annual profit will miss forecasts by as much as Â£50m after poor Christmas
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Supermarket group Morrisons announces a fall in half-year profits, dragged down by losses across its recently acquired Safeway stores.
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ALES are still falling at Marks &amp; Spencer, the company revealed today, sparking fresh fears for the retailerâs recovery. The group confirmed that half-year profits will be between Â£285m-295m, in line with
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First-half profit at J Sainsbury has tumbled almost two thirds as Chief Executive Justin King battles to regain market share and restore financial health to the country&#39;s third-largest foodseller.
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Leading shares ended weaker, with the FTSE 100 index drifting back below the 4,700 level as the impact of Wall Street's early rally was tempered by a rise in Brent crude to 50 dollars a barrel for the first time, and by weakness in supermarket giant Sainsbury following yet another profit warning, dealers said.
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The struggling supermarket giant today revealed a Â£39 million pre-tax loss in the first half of its financial year. The slump into losses marks
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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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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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Rentokil Initial Plc, the British owner of businesses ranging from pest control to parcel delivery, tomorrow may report an 8 percent drop in first-half profit as heightening competition for contracts put pressure on prices.