•   
  •   

Money Sainsbury's suffers 9% fall in half-year profits

15:15  09 november  2017
15:15  09 november  2017 Source:   news.sky.com

Climber airlifted to safety after fall near Skye tourist attraction

  Climber airlifted to safety after fall near Skye tourist attraction The woman, said to be in her early 20s, suffered a leg injury in the fall close to Neist Point Lighthouse at around 1pm on Friday. Footage from a Coastguard helicopter showed rescuers winching her to safety as waves crash into the coastline around the most westerly tip of Skye.Dramatic rescue footage of an injured fallen rock climber has just been released by Stornoway Coastguard helicopter this afternoon #NeistPoint#NeistPointLighthouse#IsleofSkye#allsafehttps://t.co/riYmupPR4Fpic.twitter.

Sainsbury ' s has reported a 9 % dip in half - year profits to €251m despite a 17% rise in total group sales. » UK retail sales in sharp fall in September, ONS says. » Sainsbury ' s plans to cut 2,000 UK jobs.

Sainsbury ' s has reported a 9 % dip in half - year profits to £251m despite a 17% rise in total group sales. Sainsbury ' s reported a 1.6% rise in like-for-like sales over the period, excluding fuel, but the figures showed a big slowdown in the second quarter at just 0.6% - down from 2.3% in the first.

Sainsbury's like-for-like store sales fell 1% in its first-half © Getty Sainsbury's like-for-like store sales fell 1% in its first-half

Sainsbury's has reported a 9% dip in half-year profits to £251m despite a 17% rise in group sales.

The group said losses at Argos, which it bought last year and has been integrating into its supermarket offering, higher wages and investment in price at its stores took their toll on underlying performance in the six months to 23 September.

Sainsbury's reported a 1.6% rise in like-for-like sales over the period, excluding fuel, but the figures showed a big slowdown in the second quarter at just 0.6% - down from 2.3% in the first.

The retailer said customer growth in the period showed that efforts to tackle the challenge posed by discounters were bearing fruit ahead of the crucial Christmas trading period.

Samsung announces three new CEOs and posts record profits

  Samsung announces three new CEOs and posts record profits Samsung Electronics CEO Kwon Oh-hyun unexpectedly announced his plans to step down earlier this month, citing the need for new leadership amid “unprecedented crisis,” and the company has now announced his replacements. Yoon Boo-keun (BK Yoon) and Shin Jong-kyun (JK Shin) are resigning altogether from their previous co-CEO roles after stepping back from direct control in 2015. It’s not clear whether any one of the new leaders will have an elevated status similar to Kwon’s — Samsung’s announcement describes the new arrangement as “maintaining the current three co-CEO management structure.

Sainsbury (Amsterdam: SJ6.AS - news) 's has reported a 9 % dip in half - year profits to £251m despite a 17% rise in total group sales. Sainsbury ' s reported a 1.6% rise in like-for-like sales over the period, excluding fuel, but the figures showed a big slowdown in the second quarter at just 0.6%.

Sainsbury ' s has reported a 9 per cent fall in profit for the first half of its financial year , becoming the latest retailer to cite rising costs and a challenging market environment. The supermarket chain on Thursday posted a 17 per cent rise in underlying group sales to £

Recent figures have shown the grocery sector largely escaping sales damage in wider retail - with those operating primarily in fashion facing strong headwinds from the Brexit-linked squeeze on household budgets.

Next and M&S were two other big names reporting tougher times this month.

Sainsbury's chief executive Mike Coupe said: "We have delivered a good performance across the group in the last six months, with more customers choosing to shop at Sainsbury's in the first half than ever before."

He added: "We continue to focus on offering our customers great value, supported by our removal of multibuys.

"Customers can shop at Sainsbury's knowing they get good value every day without having to wait for products to be on promotion.

"We are also collaborating with suppliers and working hard within our own business to reduce our costs and limit the impact of price inflation on our customers."

Royals manager Ned Yost says he's lucky to be alive after fall .
Yost was hospitalized in Atlanta on Wednsday after he fell while trying to repair a tree stand and suffered a broken pelvis.The Royals manager was hospitalized Wednesday with a broken pelvis suffered in a fall while trying to repair a tree stand on his Georgia property, but he said he's certain the situation would have been much worse had he not been able to call for help.

—   Share news in the SOC. Networks
This is interesting!