Tag: Sainsbury’s
Next warns of challenging times ahead
Next, which is Britain’s second largest fashion retailer, has today said consumers are tightening their purse strings in the face of soaring inflation and Government spending cuts. The retailing giant announced record profits but has warned of challenging times ahead for the High Street. It shares jumped 5% earlier today after posting record profits of [...]
Tesco blames big freeze for poor Christmas sales
Supermarket giant Tesco today announced like-for-like sales, excluding petrol, grew by just 0.6% in the six week period to 8 January compared with a year earlier. The figures were worse than expected for the Christmas period and the company blamed the heavy snowfall which gripped most of the country during the build up to the [...]
ATMs to dispense more £5 notes in New Year
In a bid to boost circulation of the £5 note, the Bank of England has said it will urge major banks to increase the availability of £5 notes in their ATMs. Fivers change hands quickly and, as a result, only last around a year before becoming too damaged to use. In comparison, the £50 note [...]
Structural changes remain popular through recession
Over 3 million homeowners are planning major structural work on their home in the next 12 months, research by Sainsbury’s Home Insurance has discovered. The figure, which represents 13% of homeowners, is down 38% compared to last year, when more than a fifth (21%) of householders were planning structural changes in the year ahead. Loft [...]
Sainsbury’s announces 2.8% Internet Saver
Consumers opening a Sainsbury’s Internet Saver account this month will receive 2.8% interest on their savings, provided they make no more than three withdrawals in the next year. This headline rate is 2.05% higher than the standard rate of 0.75% paid to Internet Saver account holders. However, savers who make more than three withdrawals in [...]
Average home costs £31 per day
Running a household now costs an average of nearly £11,500 per year, or £31 per day, according to new research from Sainsbury’s. Homeowners spend an annual £11,455 on mortgage payments, council tax, energy bills, and property upkeep, the study found. This is an increase of 2.6% in the past two years – a relatively low [...]
Sainsbury’s report strong quarterly sales and confirms expansion plans
Supermarket giant Sainsbury’s has reported that like-for-like sales were up 7.8% for the 12 week period to 13 June. The news comes just a day after fellow supermarket Tesco posted a 4.3% rise in quarterly sales and said it had made a “solid” start to its financial year. Meanwhile, Sainsbury’s, which is Britain’s third-largest supermarket, [...]
Nectar Card holders offered 7.9% personal loan
Supermarket bank Sainsbury’s Finance is offering loyal customers a lower rate of interest on personal loans. Holders of the Sainsbury’s Nectar loyalty card are now being offered a typical APR of 7.9% for loans between £5,000 and £15,000, if they apply online. This is compared to a rate of 8.1% for non-Nectar card holders. However, [...]
