Struggling Sainsbury plans price cuts to woo customers
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J Sainsbury said it would halve its dividend and cut costs to fund price reductions and a sprucing up of its image in an effort to reverse flagging fortunes.
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In a statement today supermarket chain Sainsbury said it expected first-half profits to drop nearly two-thirds compared with last year as a result of loss of market share.
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Facing continued top-line weakness, the company may have to cut costs.
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JD WETHERSPOON embarked on a fresh round of price promotions yesterday to win back drinkers after a dismal summer for the pubs chain.
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Cadbury Schweppes is to set out plans for a big overhaul of its business amid speculation of substantial job cuts.
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AILING supermarket chain Sainsbury&#39;s is reported to be the target of a Â£5bn takeover bid being prepared by an ex-treasurer of the Conservative party.
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Struggling supermarket group Sainsbury's says its half-year profits for the six months to 9 October will fall to between Â£125m-Â£135m.
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Sainsburyâs chief executive Justin King today unveiled his long-term plan to return the UKâs third largest supermarket chain to its former glory.
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Corporate financier George Magan says he has taken a preliminary look at food retailer J Sainsbury but that reports he was planning a 5 billion pound takeover bid were exaggerated.
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LONDON - J Sainsbury will take a 550 million pound ($1.5 billion) hit to profits this year as it invests to boost sales and reverse falling market share, Britain&#39;s third-biggest supermarket chain said on Tuesday.
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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: 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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Three private equity firms announced they were considering a bid for J Sainsbury, Britainâs third-largest supermarket group.
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Private equity groups CVC Capital Partners, Kohlberg Kravis Roberts and Blackstone have said they are mulling a takeover of J Sainsbury, the third-biggest biggest supermarket chain in Britain.
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A corporate dealmaker and former Tory Party treasurer is reportedly planning a Â£5bn takeover bid for struggling supermarket chain Sainsbury&#39;s.
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Cadbury Schweppes is to set out plans for a major overhaul of its business amid speculation of substantial job cuts.
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Takeover target Big Food Group says aggressive competition among food sellers drove down second-quarter sales by 3.3 percent, sparking fears its suitor might drop its bid price.