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Sainsbury's set to outperform supermarkets as Argos shows growth and online sales rise 12.5%.

Market News
02 Jul 2026
Proactive Investors
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Bullish
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RBC Capital Markets expects Sainsbury's to outperform the supermarket sector, driven by market share gains in groceries and a recovery at Argos. Improvements in pricing, product innovation, stock availability, and AI-enhanced supply chain management support growth. Online sales surged 12.5% in Q1, with half of grocery volume growth from digital channels aided by partnerships with Uber Eats and Deliveroo. Argos volumes grew 2.2%, boosted by a broader product range, app improvements, and Argos Pay, supporting RBC's 'outperform' rating and 375p price target.

More News

First Merchants to report Q2 2026 results and host earnings call on July 22-23

First Merchants to report Q2 2026 results and host earnings call on July 22-23

First Merchants Corporation will release its financial results for the second quarter of 2026 on July 22, followed by a conference call and webcast on July 23. Investors can register to participate in the call or view the webcast online, with a repla...

Company Fundamentals
Neutral
2 hours ago
North Texas Food Bank adds five new leaders to its board to boost hunger relief efforts.

North Texas Food Bank adds five new leaders to its board to boost hunger relief efforts.

The North Texas Food Bank has appointed five new board members with diverse expertise in foodservice, retail, finance, and operations, effective July 1, 2026. These leaders bring valuable experience to support the organization's growth and mission to...

Others
Neutral
2 hours ago
First Federal Savings Bank and ICBA share 10 essential financial tips for safe summer travel.

First Federal Savings Bank and ICBA share 10 essential financial tips for safe summer travel.

First Federal Savings Bank and the Independent Community Bankers of America (ICBA) have issued 10 financial safety tips to help travelers manage their money securely during the summer travel season. Key advice includes notifying banks of travel plans...

Market News
Neutral
3 hours ago
LKQ Corporation to release Q2 2026 earnings on July 30 with a management call.

LKQ Corporation to release Q2 2026 earnings on July 30 with a management call.

LKQ Corporation announced it will publish its financial results for the second quarter of 2026 on July 30. The company will host a conference call and webcast with senior management to discuss the results, providing investors an opportunity to hear i...

Company Fundamentals
Neutral
3 hours ago
Vivani's subsidiary Cortigent to merge with ClearOne, forming Nasdaq-listed Cortigent Holdings with new ticker CRGT.

Vivani's subsidiary Cortigent to merge with ClearOne, forming Nasdaq-listed Cortigent Holdings with new ticker CRGT.

Vivani Medical's wholly owned subsidiary Cortigent will merge with Nasdaq-listed ClearOne, which will be renamed Cortigent Holdings and trade under the ticker CRGT. Vivani will own a majority stake in the combined company, which will focus on advanci...

Company Fundamentals
Bullish
4 hours ago
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