Sainsbury's reported a 1.1% drop in underlying operating profit to £1.025 billion for the year ending February 2026, despite a 5.2% sales increase in its core grocery business. The profit decline reflects the company's choice to absorb cost inflation rather than fully passing it to customers, while investing in pricing, staff pay rises, and store improvements. Total retail sales rose 4.3% to nearly £30 billion, with gains in grocery market share, though fuel sales fell 8.2%. Looking ahead, Sainsbury's expects underlying operating profit between £975 million and £1.075 billion amid uncertainty from the Middle East conflict but remains confident in generating over £500 million in retail free cash flow.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
