Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  J Sainsbury plc    SBRY   GB00B019KW72

J SAINSBURY PLC

(SBRY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

UK's Sainsbury's to assist smaller suppliers during coronavirus pandemic

share with twitter share with LinkedIn share with facebook
share via e-mail
03/25/2020 | 05:33am EDT
FILE PHOTO: Signage for Sainsbury's is seen at a branch of the supermarket in London

British supermarket Sainsbury's said on Wednesday it would help its smaller suppliers during the coronavirus emergency by paying them immediately and making finance available.

The country's supermarket sector is facing unprecedented demand during the outbreak as consumers stock-up fearing a prolonged period of isolation, while schools, pubs, cafes and restaurants have been forced to close.

Sainsbury's, Britain's second largest supermarket group after Tesco, said its assistance to smaller suppliers will help them to increase production volumes quickly so they can meet customer demand.

"We want to support our suppliers and partners because it is vital that we all help each other during this challenging time," said commercial director Paul Mills-Hicks.

The group said it will pay nearly 1,500 suppliers who have less than 100,000 pounds annual turnover with it immediately. Earlier this month, Morrisons, the No. 4 player, did similar.

Sainsbury's said it would also support suppliers with vital cash flow where needed.

The group is also extending its help to tenants and concession partners. As a first step, it is offering all tenants the opportunity to pay rent on a monthly basis as opposed to quarterly in advance.

(Reporting by James Davey, Editing by Paul Sandle)

Stocks mentioned in the article
ChangeLast1st jan.
J SAINSBURY PLC 1.19% 200.2 Delayed Quote.-13.94%
TESCO PLC 4.08% 232 Delayed Quote.-12.66%
WM MORRISON SUPERMARKETS PLC 1.20% 180.4 Delayed Quote.-10.51%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on J SAINSBURY PLC
04/08LONDON STOCK EXCHANGE : FTSE 100 retreats as insurers, Tesco take hit
RE
04/07Britain's supermarkets wrestle with coronavirus demand conundrum
RE
04/03Sainsbury's to remove most customer purchasing limits
RE
04/02Walmart puts partial sale of UK's Asda on hold due to coronavirus crisis - so..
RE
04/02J SAINSBURY : Banks consider £3.5 billion jumbo financing for Asda stake sale
RE
03/31LONDON STOCK EXCHANGE : FTSE 100 ends worst quarter since 1987 with a slight bou..
RE
03/31UK Grocers Enjoy Record Sales Growth But Virus-Induced Buying Set to Fade
DJ
03/31Record grocery sales as Britons stockpiled ahead of coronavirus lockdown
RE
03/31UK supermarket visits jump by 79 million before coronavirus lockdown - Nielse..
RE
03/30'Like Glastonbury tickets' - Britons chase online grocery slots in coronaviru..
RE
More news
Financials (GBP)
Sales 2020 28 978 M
EBIT 2020 973 M
Net income 2020 273 M
Debt 2020 6 379 M
Yield 2020 5,03%
P/E ratio 2020 29,4x
P/E ratio 2021 8,88x
EV / Sales2020 0,37x
EV / Sales2021 0,35x
Capitalization 4 426 M
Chart J SAINSBURY PLC
Duration : Period :
J Sainsbury plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends J SAINSBURY PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 235,59  GBp
Last Close Price 2,00  GBp
Spread / Highest target 14 136%
Spread / Average Target 11 668%
Spread / Lowest Target 9 391%
EPS Revisions
Managers
NameTitle
Michael Andrew Coupe Chief Executive Officer & Executive Director
Martin A. Scicluna Chairman
Simon John Roberts Director-Retail & Operations
Kevin O'Byrne Chief Financial Officer & Director
Richard Philip Newsome Director-Digital & Technology
Sector and Competitors
1st jan.Capitalization (M$)
J SAINSBURY PLC-13.94%5 432
WALMART INC.2.52%345 085
ALIMENTATION COUCHE-TARD INC.-10.85%28 960
SEVEN & I HOLDINGS CO., LTD.-1.17%28 782
SM INVESTMENTS CORPORATION0.34%20 717
AVENUE SUPERMARTS LIMITED0.47%19 608