Sainsbury's Gains Share as Grocer Focuses on Food and Pricing [BNN Bloomberg (Canada)]
NatWest Group plc American Depositary Shares (NWG)
Company Research
Source: BNN Bloomberg
Food sales at Britain's second-largest supermarket rose 4.8% in the 16 weeks to June 22, helped by an improved range, sharper pricing and its customer loyalty program. Sainsbury's made the biggest market share gains of any UK grocer during the period as efforts to increase its focus on food start to pay off, the retailer said Tuesday. Sales of its clothing and home ranges were weaker. The grocer reiterated that it expects to make as much as £1.06 billion ($1.3 billion) of underlying retail operating profit this year. In February, Sainsbury's said it would cut £1 billion of costs and dedicate more space to food while cutting back on some of its clothing and home ranges. In further efforts to refocus the business on its core grocery division, Sainsbury's agreed to offload its banking business to NatWest Group Plc last month after a long period in which it struggled to find a buyer. ©2024 Bloomberg L.P. Top Picks
Show less
Read more
Impact Snapshot
Event Time:
NWG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NWG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NWG alerts
High impacting NatWest Group plc American Depositary Shares news events
Weekly update
A roundup of the hottest topics
NWG
News
- JPMorgan (JPM) & Others to Pay $46M to End Rate Swaps Trial [Yahoo! Finance]Yahoo! Finance
- German Banks Fall Out of Top Bund Dealer Rankings for First Time [Yahoo! Finance]Yahoo! Finance
- German Banks Fall Out of Top Bund Dealer Rankings for First Time [BNN Bloomberg (Canada)]BNN Bloomberg
- NatWest (NWG) Signs Agreement to Acquire Sainsbury's Bank [Yahoo! Finance]Yahoo! Finance
- NatWest buys Sainsbury's banking arm, adding £2.5B asset base [Seeking Alpha]Seeking Alpha
NWG
Sec Filings
- 7/5/24 - Form 6-K
- 7/5/24 - Form 6-K
- 7/3/24 - Form 6-K
- NWG's page on the SEC website