The Traderszone Network

Published in TZ Latest News 29 September, 2015 by The TZ Newswire Staff

Sainsbury’s says on course to beat annual profit forecasts

British supermarket Sainsbury’s (SBRY.L) said its full-year profit was set to exceed analysts’ average forecast, despite the firm posting a seventh straight quarter of falling underlying sales. The grocer said on Wednesday it now expected its 2015-16 underlying profit before tax to be moderately ahead of the published consensus of 548 million pounds ($831 million) if current market trends continue.

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