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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  J Sainsbury plc    SBRY   GB00B019KW72

J SAINSBURY PLC

(SBRY)
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UK's Sainsbury to cut 3,000 jobs - The Times

11/04/2020 | 04:10pm EST

Nov 4 (Reuters) - British supermarket group Sainsbury will announce plans to cut 3,000 jobs, alongside its first-half results on Thursday, The Times reported.

A large number of the jobs will go from the group's Argos business and there will be layoffs in Sainsbury's stores with the closure of delicatessens and fresh fish and meat counters, the newspaper reported https://bit.ly/3jVHVQv on Wednesday.

The news comes after several other British groups such as retailer John Lewis and domestic bank Lloyds Banking Group launched redundancy plans on the eve of the second national lockdown in England.

The month-long lockdown in England will be imposed to combat a surge in new infections that could, if unchecked, cause more deaths than a first wave which forced a three-month lockdown earlier this year.

Sainsbury earlier in the day announced that its veteran commercial director Paul Mills-Hicks will leave the group as part of a revamp of its leadership team by new Chief Executive Simon Roberts.

Sainsbury declined to comment on the Times report. (Reporting by Rebekah Mathew in Bengaluru; Editing by Maju Samuel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 1.32% 134.35 End-of-day quote.-4.57%
FLAGSTAR BANCORP, INC. 0.74% 44.71 Delayed Quote.9.69%
J SAINSBURY PLC -1.94% 238 Delayed Quote.5.54%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.51% 112.65 End-of-day quote.-0.77%
LLOYDS BANKING GROUP PLC -1.43% 35.935 Delayed Quote.-1.39%
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Financials
Sales 2021 29 126 M 39 570 M 39 570 M
Net income 2021 -332 M -452 M -452 M
Net Debt 2021 6 807 M 9 248 M 9 248 M
P/E ratio 2021 -21,1x
Yield 2021 5,90%
Capitalization 5 276 M 7 172 M 7 168 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,40x
Nbr of Employees 111 900
Free-Float 96,2%
Chart J SAINSBURY PLC
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J Sainsbury plc Technical Analysis Chart | SBRY | GB00B019KW72 | MarketScreener
Technical analysis trends J SAINSBURY PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 236,31 GBX
Last Close Price 238,00 GBX
Spread / Highest target 15,5%
Spread / Average Target -0,71%
Spread / Lowest Target -24,4%
EPS Revisions
Managers and Directors
NameTitle
Simon John Roberts Chief Executive Officer & Director
Martin A. Scicluna Chairman
Kevin O'Byrne Chief Financial Officer & Director
Richard Philip Newsome Chief Technology Officer
Phil Jordan Group Chief Information Officer
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