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UK: SAINSBURY PROFIT PROJECTION CUT

Article Abstract:

UK-based supermarket chain, J Sainsbury, saw its pre-tax profit projections for 2000 downgraded by analysts on the back of the announcement that it could be three years at least before profits enjoy a total resurgence. Profit projections were cut by 10% to GB[pound] 540mn by the bank, Schroder Salomon Smith Barney, while a CCF Charterhouse analyst cut his forecast by GB[pound] 45mn to GB[pound] 550mn. Sainsbury posted a 23% fall in annual profits to GB[pound] 580mn and its shares fell to their lowest point since March 2000 on 1 June 2000.

Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000

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UK: J SAINSBURY TO MOVE INTO NEW HQ

Article Abstract:

J Sainsbury is to move into a new head office in 2001. It is to move into the redeveloped former head office of the Mirror Group at Holborn Circus, London. The new premises will include a 3,500 sq ft Sainsbury's Local store at ground floor level. The shake-up will mean Sainsbury selling two other main office buildings and releasing up to GB[pound] 100mn of capital.

Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
Plant shutdown, Buildings and facilities, Location

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Farmers savage Tesco over 'obscene' 1 billion pounds sterling profits

Article Abstract:

Farming groups have criticized the 1 billion pounds sterling profit reported by Tesco. The supermarket chain has defended itself by stating that its improved financial performance is attributable to higher sales and efficiencies.

Author: Cope, Nigel
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
Crop Production, Grocery Stores, Public affairs, Supermarket Chains, Farms, Tesco Stores Ltd.

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Subjects list: United Kingdom, Finance, Food industry, Grocery industry, Grocery stores, Supermarkets, J Sainsbury PLC
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