Sainsbury's Shareholders Seeking Sales Salvation ; Market Report

Summary


ANOTHER sharp drop in profits at J Sainsbury is on the cards when the struggling supermarket chain reports full-year numbers on Wednesday.

Analysts have pencilled in pretax profits of Pounds 250 million following the company's profits warning last year. That compares with profits of Pounds 675 million the year before.

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Extract


Sainsbury's Shareholders Seeking Sales Salvation ; Market Report

Longsuffering shareholders will no doubt focus on the accompanying statement on current trading from chief executive Justin King, who was parachuted i...

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