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SBRY Sainsbury (j) Plc

263.60
1.80 (0.69%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sainsbury (j) Plc LSE:SBRY London Ordinary Share GB00B019KW72 ORD 28 4/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.80 0.69% 263.60 264.60 264.80 265.60 261.00 261.00 5,872,337 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 32.7B 137M 0.0580 45.62 6.18B
Sainsbury (j) Plc is listed in the Grocery Stores sector of the London Stock Exchange with ticker SBRY. The last closing price for Sainsbury (j) was 261.80p. Over the last year, Sainsbury (j) shares have traded in a share price range of 237.80p to 310.60p.

Sainsbury (j) currently has 2,360,471,449 shares in issue. The market capitalisation of Sainsbury (j) is £6.18 billion. Sainsbury (j) has a price to earnings ratio (PE ratio) of 45.62.

Sainsbury (j) Share Discussion Threads

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DateSubjectAuthorDiscuss
01/2/2022
15:24
Co-op workers win legal argument in equal pay fight




Co-op shop floor workers have won a key legal argument in a battle to secure equal pay with warehouse staff.

More than 1,600 mostly female supermarket workers have been fighting for pay parity with mostly male staff at distribution centres, who are paid up to £3 an hour more.

Co-op has conceded a "comparability concession", a step towards recognising the different roles are of equal value.

But it said its workers were "fairly" paid and the battle was far from over.

It comes amid similar equal pay battles at rival supermarkets Tesco, Asda, Sainsbury's and Morrisons.

Co-op made its concession as a part of an ongoing pay tribunal. Tom Hewitt of solicitors Leigh Day, which is representing the workers, said Co-op shop floor workers had now "cleared the first hurdle in their claims for equal pay".

"We hope that Co-op recognises that they can no longer deny that the work store workers do is of equal value to that of their distribution centre colleagues," he said.


Tesco staff win legal argument in equal pay fight
Co-op faces equal pay claims from shop workers
Asda workers win key appeal in equal pay fight


The claim began after the mostly female shop floor employees found they were being paid less than men in Co-op's warehouses.

This made them feel they were "underpaid for the same effort", Leigh Day said.

The law firm said Co-op's concession was the first stage in a three-step process that could see the workers reclaiming thousands of pounds of missed back pay.

The retailer will now have to show that the roles are not of equal value or that there is a genuine reason for the pay difference which is not based on gender.

A Co-op spokesman said: "Our colleagues play an important role in feeding the nation and it's central to the Co-op's values that we pay them fairly for the work that they do in supporting communities.

"We believe that we pay our colleagues fairly for the roles that they do, and so will continue to defend these claims."
£8bn of back pay claims

It is the latest of a number of equal pay fights that could end up costing grocery chains up to an estimated £8bn in back pay claims.

In September 2021, an employment tribunal ruled that the roles of Morrisons' store workers could be compared to their colleagues in distribution centres.

The case has proceeded to further hearings examining whether store worker and distribution roles are of equal value.

In March 2021, a landmark judgment was handed down by the Supreme Court which confirmed that Asda's shop floor workers could compare their roles to those of colleagues in distribution centres for the purposes of equal pay.

However, the judge stressed the ruling did not mean the 44,000 claimants had won the right to equal pay, only that they were free to take further legal action.

Meanwhile, in June 2021 thousands of Tesco shop floor workers celebrated a European court ruling that an EU law could be relied on in making equal pay claims against their employer. It argues that a worker can be compared with somebody working in a different establishment if a "single source" has the power to correct the difference in pay.

The Tesco workers, mostly women, had argued that they failed to receive equal pay for work of equal value with colleagues in its distribution centres, who are mostly men.

Following the ruling Tesco said: "These claims are extremely complex and will take many years to reach a conclusion. We continue to strongly defend these claims."

Lawyers say the litigation could run on for years.

spob
01/2/2022
15:21
If only it was 3.8%, many people would be very happy


Just one example ...


Sainsburys chocolate digestives, Price 80p for 400g


They reduced the packet size to 300g, price unchanged at 80p

Price per 100g increased from 20p to 26.7p


Price increase = 33%


If you buy 100 items per week and every week they sneakily do this to some of your items, the effect on your weekly spend is significantly more than 3.8% over the course of one year

spob
01/2/2022
14:08
Shoppers switch to Aldi and Lidl as cost-of-living crisis boosts German discounters


Households are turning to the German discounters as inflation soars — hitting 3.8% in the grocery sector

philanderer
01/2/2022
14:05
Cost of living: Supermarket shoppers facing £180 a year increase in average spend
philanderer
01/2/2022
00:58
Maybe this ?

"..The danger of prolonged carbon dioxide shortages is another major risk for Tesco. A government supply accord is about to run out that could hit fizzy drink production and cause massive meat shortages."

philanderer
31/1/2022
08:56
tsco and SBRY really pounded today - must be adverse news out I guess .
arja
31/1/2022
08:25
run out of steam it seems but markets sometimes fool us . TSCO has a good looking chart but that too has succumbed to profit taking today
arja
29/1/2022
01:12
Yes, best one of my lot friday and for the week.
philanderer
28/1/2022
16:45
Such strength against a weak market.

300p again

quepassa
25/1/2022
15:12
Sainsbury's issuing its request to its customers and staff.

It said: "Safety remains our highest priority. From Thursday, we’re asking our customers and colleagues in England to continue to wear a face covering in our stores if they are able to",

philanderer
25/1/2022
12:51
doing well today and perhaps it is turning around . how US indices perform after 2,30 pm might be the key .
arja
25/1/2022
09:54
well, 285 at present but hoping it will recover a little more but might not get above 300 again in near future as struggling .
arja
24/1/2022
12:24
Value Shares
netcurtains
24/1/2022
11:30
BERENBERG RAISES SAINSBURY(J) PRICE TARGET TO 285 (275) PENCE - 'HOLD'
philanderer
22/1/2022
20:32
Asda owners in takeover talks to buy every Boots store in the UK for £10 billion -
The owners of Asda are said to be in early talks with Boots to buy every store.

loganair
20/1/2022
20:19
Lidl opens its 900th British store in Liverpool and remains on track for 1,100 stores by end of 2025.
loganair
20/1/2022
20:03
The owners of UK supermarket chain Asda Zuber and Mohsin Issa are deliberating a multi-billion pound swoop on beauty retailer Boots.

The move could be met with competition concerns, however.

As one of the UK’s ‘big four’ supermarket chains, and with a big personal care and cosmetics retail business, a takeover deal could raise eyebrows.

Other supermarket groups are also thought to be interested in buying out Boots, as speculation intensifies about who will be the new owner of the 172-year-old high street stalwart.



I wonder if one of the 'other supermarket groups' may mean Sainsbury's???

loganair
19/1/2022
14:38
but sbry has been really hit today and i hopr the short term uptrend is not over
arja
19/1/2022
11:45
Just rumours. Restrictions easing is the rumour. Doubt if it will make any difference to Sains. More the pubs and restaurants that have been left to rot. (Over practically nothing in the grand scheme of things).
chiefbrody
19/1/2022
09:38
not sure it has hindered them netcurtains as still most people visit supermarkets .
It is coming off steadily now and off 5p from high point = hopefully just some profit taking after the big run.

arja
19/1/2022
08:27
Remember Government have announced all covid19 restrictions will go so that will help retailers in a general sense.
netcurtains
19/1/2022
08:26
looking a bit exhausted after cracking 300 but maybe a slight pause before heading for 306 chart resistance I hope !
arja
18/1/2022
16:21
Doing very nicely so far.Thank you Mr. Market!
imperial3
18/1/2022
15:46
wonder why the big move today in a bearish market ? Well ahead of the Goldman target posted by philanderer . Might sell and hope to re-enter at lower level later this week !
arja
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