Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Sainsbury's Q1 sales growth slows but profit forecast stays firm amid Middle East uncertainty

Market News
30 Jun 2026
Proactive Investors
View Source
Neutral
pluang ai news

Sainsbury's reported a 2.7% rise in total retail sales excluding fuel for the first quarter, with like-for-like sales up 2.1%, marking a slowdown from last year's growth. Grocery sales grew 3.6%, driven by volume and a 12.5% increase in online grocery sales, while Argos and general merchandise sales declined. Despite the slowdown and uncertainty from the Middle East conflict, Sainsbury's maintained its full-year profit guidance of £0.975-1.075 billion and aims to deliver £1 billion in cost savings by March 2027. The company highlighted strong performances in fresh food, online grocery, and convenience stores during seasonal events and the spring heatwave.

More News

Toobit upgrades trading with AI tools, TradFi futures, zero-fee spot, and new security ratings in H1 2026

Toobit upgrades trading with AI tools, TradFi futures, zero-fee spot, and new security ratings in H1 2026

In the first half of 2026, Toobit enhanced its trading platform by integrating AI-powered tools like Synapse and AI Agent Trade Kit, expanding tokenized TradFi futures with over 100 pairs, and offering zero-fee spot trading. The exchange also improve...

Market News
Bullish
57 minutes ago
BlackRock surpasses 3% voting rights threshold in Syensqo shares, signaling increased influence.

BlackRock surpasses 3% voting rights threshold in Syensqo shares, signaling increased influence.

BlackRock Inc. has crossed the 3% threshold for direct voting rights in Syensqo SA, holding 3.07% voting rights and 0.97% equivalent financial instruments as of June 19, 2026. This move, disclosed under Belgian transparency laws, indicates BlackRock'...

Market News
Neutral
1 hour ago
Mowi sells its Canada East salmon farming operations for CAD 225M to focus on core regions.

Mowi sells its Canada East salmon farming operations for CAD 225M to focus on core regions.

Mowi ASA has agreed to sell its Canada East salmon farming operations, totaling 9,000 GWT, to Cooke Inc. for CAD 225 million. This divestment aims to streamline Mowi's farming portfolio and concentrate on its main farming areas. The sale is expected ...

Company Fundamentals
Bearish
3 hours ago
Ethereum sees $8M outflows as traders shift to USDT and fiat, signaling cautious crypto market sentiment.

Ethereum sees $8M outflows as traders shift to USDT and fiat, signaling cautious crypto market sentiment.

Ethereum experienced significant outflows totaling over $8 million, while capital moved into stablecoins like USDT and fiat currencies, reflecting a cautious stance among crypto traders. This rotation suggests a defensive market mood, with investors ...

Market News
Bearish
4 hours ago
Vanadi Coffee buys 10 more Bitcoin, raising total to 223 BTC worth $12.7M

Vanadi Coffee buys 10 more Bitcoin, raising total to 223 BTC worth $12.7M

Vanadi Coffee, a Spanish cafe chain with six locations, has increased its Bitcoin holdings by 10 BTC, bringing its total to 223 BTC valued at about $12.7 million. This move follows a shareholder-approved strategy from June 2025 to use Bitcoin as a pr...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App