Sainsbury (J) (SBRY)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

270.40p
   
  • Change Today:
    -1.50p
  • 52 Week High: 310.40
  • 52 Week Low: 245.80
  • Currency: UK Pounds
  • Shares Issued: 2,368.99m
  • Volume: 3,801,283
  • Market Cap: £6,406m
  • RiskGrade: 132

UK shop price rises hit decade high - survey

By Sean Farrell

Date: Wednesday 04 May 2022

LONDON (ShareCast) - (Sharecast News) - Prices in UK stores rose at their fastest pace for more than a decade in April as high energy prices and the war in Ukraine pushed up costs for suppliers and retailers, an industry survey showed.
Shop price inflation accelerated to an annual rate of 2.7% in April from 2.1% in March - the highest rate since September 2011, the British Retail Consortium said.

Food prices rose 3.5%, up from 3.3% in March, to hit the highest rate since 2013. Non-food inflation jumped to 2.2% from 1.5% a month earlier.

April's increase in non-food prices was the strongest since the BRC's survey started in 2006 and was exacerbated by disruption at Shanghai's biggest seaport as China imposed a Covid-19 lockdown.

Fresh food prices rose 3.4%, a slight dip from the 3.5% figure in March but still the second highest rate of increase since January 2013. Ambient food inflation strengthened to 3.5% from 3% in March and was the highest rate since January 2013.

Global food prices have reached record highs, driven by the war in Ukraine which has sent the cost of cooking oils and cereals soaring. Inflation was already on the rise before Russia invaded Ukraine, causing hardship for families and a headache for central bankers.

The price increases will add to the cost-of-living crisis facing British households. Living standards are also being squeezed by soaring energy costs and tax rises, threatening consumer confidence and economic growth. Sainsbury's warned last week that annual profit would fall because of higher costs and a squeeze on households' disposable income.

Helen Dickinson, the BRC's chief executive, said: "The impact of rising energy prices and the conflict in Ukraine continued to feed through into April's retail prices. Non-food products, particularly furniture, electricals and books, have seen the highest rate of inflation since records began.

"Food prices continued to rise, though fresh food inflation slowed as fierce competition between supermarkets resisted price hikes on many everyday essentials."

Dickinson said consumers should prepare for further price increases to come as rising costs continue to make their way through the supply chain.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sainsbury Market Data

Currency UK Pounds
Share Price 270.40p
Change Today -1.50p
% Change -0.55 %
52 Week High 310.40
52 Week Low 245.80
Volume 3,801,283
Shares Issued 2,368.99m
Market Cap £6,406m
RiskGrade 132

Sainsbury Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.88% above the market average72.88% above the market average72.88% above the market average72.88% above the market average72.88% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
53.94% above the market average53.94% above the market average53.94% above the market average53.94% above the market average53.94% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
50.06% above the market average50.06% above the market average50.06% above the market average50.06% above the market average50.06% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
76.9% below the market average76.9% below the market average76.9% below the market average76.9% below the market average76.9% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 1
Buy 4
Neutral 5
Sell 2
Strong Sell 0
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sainsbury Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Nov-23 08-Jun-23
Paid 15-Dec-23 14-Jul-23
Amount 3.90p 9.20p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 2,385,390 @ 270.40p
16:35 449 @ 270.40p
16:35 3,830 @ 270.40p
16:35 3,978 @ 270.40p
16:35 1,246 @ 270.40p

Sainsbury Key Personnel

Chair Martin Scicluna
CEO Simon Roberts
CFO Bl á thnaid Bergin

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