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Sainsbury’s Q1 growth slows, but maintains profit outlook


By Goran Nastic

Sainsbury’s reported a stronger start to its financial year as grocery sales growth and continued market share gains helped lift Q1 revenue.

Revenue rose 2.7% to £9.2bn in the 16 weeks to 20 June, with retail sales excluding fuel also up 2.7% and like-for-like sales increasing 2.1%, versus 4.7% in last year’s comparative period


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BT and Verizon announce international JV

BT and Verizon, the largest telecommunications firms in the UK and US, have agreed to combine their international enterprise operations in a 50:50 joint venture, creating a $4bn global connectivity business aimed at meeting rising demand for cloud and AI-enabled services.

The news briefly saw BT top the FTSE 100 in today's trading

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Majority of CFOs believe firms are too slow to modernise payments

Over four in five (82%) UK wholesale CFOs have said that their organisation has been too slow to modernise payments, Corpay has found

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Barclays buys Canary Wharf HQ in £750m deal

Barclays has acquired a long-term leasehold interest in its global headquarters at One Churchill Place in Canary Wharf for £750m, securing control of the site beyond the expiry of its current lease in 2039

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Bridgepoint acquires Kayne Anderson Real Estate for $1.39bn

Bridgepoint has announced that it will acquire the US firm, Kayne Anderson Real Estate, for approximately $1.39bn.

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Saga shares jump as it trades in line with expectations

Shares in Saga increased by almost 10% earlier today after the products and services provider for those aged 50+ stated that it has traded in line with expectations in the first four months of its financial year

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BAT to cut 9,000 jobs as part of transformation programme

British American Tobacco (BAT) has announced plans to cut around 9,000 jobs as part of its Fit2Win transformation programme

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easyJet keeps takeover talks alive after rejecting fourth Castlelake bid

easyJet has rejected a fourth takeover proposal from investment firm Castlelake but this time hinted that a deal could still be possible if a higher offer emerges.

The airline continues to spur the advances of Castlelake, but crucially has toned its language to suggest that a deal may be on the table at the right price.

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AMS accepts £659m acquisition offer from H.B. Fuller

Advanced Medical Solutions Group (AMS) has accepted a £659m takeover offer from the US adhesives manufacturer, H.B. Fuller

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Wise shares jump despite profit drop

Wise has seen its share price increase by over 4%, despite recording an almost 8% year-on-year profit drop in the year to 31 March, totalling $660.4m

Halfords shares jump as it looks to reach top-end of profit guidance

Shares in Halfords increased by almost 16% after the motoring and cycling services retailer announced that it expects its profit before tax to reach the top end of its guidance range
Mortgage Advice Bureau names new CFO

Mortgage Advice Bureau (MAB) has appointed Jo Stent as group CFO designate, succeeding Emilie McCarthy, who will step down as CFO and leave the board on 30 September
Kistos almost in the black with big oil production pipeline on the horizon

Oil and gas producer Kistos reported a big improvement in its full year results for 2025, reducing its loss after tax from $52m to just $2m, on top of a strong production performance that was at the top end of guidance
Moonpig shares soar after new CEO delivers strong FY25

Shares of Moonpig jumped to a new 52-week high, and by as much as 18% at one point today today, after the online greetings and gifting group reported strong full-year 2025 results under new CEO Catherine Faiers

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