Sainsbury's raises profit forecast after enjoying record Christmas
11 January, 2018, 00:33 | Author: Regina Lloyd
United Kingdom supermarket chain J Sainsbury PLC on Wednesday lifted its annual profit guidance after strong end to the year, with Argos delivering a particularly strong performance on Black Friday.
It appeared to mirror a trend across the sector for squeezed households to focus on essentials such as food while cutting back on presents and other non-food items.
Sainsbury's said it now expected to achieve 80-85 million pounds ($108-115 million) of earnings synergies from Argos by March 2018, ahead of previous guidance of 65 million pounds.
Sainsbury's, the UK's second biggest supermarket group, said its general merchandise sales fell 1.4 percent in the 15 weeks to January 6, its fiscal third quarter, having fallen 1.6 percent in the previous quarter.
As a effect underlying pretax profit for the full 2017-18 year would be moderately ahead of the published analysts' consensus - an underlying pretax profit of 559 million pounds ($755.77 million), down from 581 million in 2016-17.
Shares in Sainsbury's were up 1.6% at 252.30 pence in morning trade.
Sainsbury's did not break down the separate like-for-like sales performances of its supermarket and Argos businesses. Sainsbury's opened 52 Argos stores inside supermarkets during the period, bringing the current total to 164.
The Indianapolis Colts , Chicago Bears and the Giants interviewed McDaniels, while the Arizona Cardinals interviewed Flores. That being said, head coaching searches have a way of settling in even as top candidates remain active in the playoffs.
Rhodes said in his memo that he'll be in Washington later this week to begin the process of finding Dickerson's replacement there. Dickerson will transition from the FACE THE NATION anchor chair in the coming weeks as CBS News prepares to name his successor.
Timberlake makes his return to Super Bowls stage after his controversial performance with Janet Jackson in 2004. Super Bowl LII will start off with a bang with global music star Pink set to perform the national anthem.
Tsunami warnings were issued for the Cayman Islands, Puerto Rico, Jamaica, the Caribbean islands, Central America, and Mexico. The Ministry of the Navy issued a tsunami warning, which was estimated to reach the coast of Quintana Roo at 23:15 hrs.
A tie vote would likely mean the deciding vote would be cast by VP Mike Pence, dooming the resolution. Meanwhile, a separate effort to overturn the FCC's net-neutrality repeal has been gaining momentum.
Yet a White House statement indicated Trump would not hesitate to bring his nationalist message to the assemblage of globalists. White House Press Secretary Sarah Sanders said Trump will use the forum to make the case for his policies to the global leaders.
Only three fragments of MH370 have been found on western Indian Ocean shores, including a two-metre wing part known as a flaperon. The search was extremely hard because no transmissions were received from the aircraft after its first 38 minutes of flight.
Harris ran for 1,000 yards and 11 touchdowns this season after running for 1,040 yards and two scores as a sophomore in 2016. Ridley's best season came when he had 1,045 yards receiving with 7 touchdowns during the 2015 campaign.
That ended up being Gruden's a year ago coaching, before serving almost a decade as ESPN's " Monday Night Football " analyst. Oakland Raiders new head coach John Gruden answers questions during an NFL football news conference in Alameda, Calif.
Heavy rain in California brings huge mudslides and floods
In Montecito, Oprah Winfrey shared Instagram photos of the deep mud in her backyard and rescue helicopters flying overhead. She's one of several celebrities who live in the wealthy enclave that was hit the hardest by the storm.
Pence to visit Egypt, Jordan, Israel in January
Rather, Egypt's positions are conveyed by the president, the minister of foreign affairs and in official statements as well. In response to Trump's move, Egypt publicly said the decision was a violation of global resolutions on the city's status.
Princess Charlotte's nursery look
It encourages "high standards, excellence and good manners" and has an all-female teaching staff. The daughter of Prince William and Princess Kate also donned a pink backpack and pink scarf.
GoPro exits drone market and cuts jobs after poor 2017 earnings
There have also been issues with some products, including the recall of its Karma aerial camera in 2016, after unexpected crashes. Later in the day, GoPro CEO Nick Woodman told Bloomberg the company would be open to sale, but isn't actively shopping itself .