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SBRY Sainsbury (j) Plc

270.40
-1.50 (-0.55%)
28 Mar 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
  -1.50 -0.55% 270.40 271.00 271.20 273.10 268.80 272.70 5,324,762 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 31.49B 207M 0.0878 30.88 6.39B

Eagle Eye Solutions Wins Tech Services Contract From J Sainsbury

10/05/2018 9:13am

Dow Jones News


Sainsbury (j) (LSE:SBRY)
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By Maryam Cockar

 

Eagle Eye Solutions Group PLC (EYE.LN) said Thursday that it has won a contract with J Sainsbury PLC (SBRY.LN) to provide technology services for the supermarket chain's customer-reward scheme.

The software services company said it will deploy its so-called digital wallet function to let Sainsbury's customers choose personalized offers they want to earn Nectar points on using either the new Nectar app or website.

The new Nectar trial that runs on Eagle Eye's AIR platform went live on April 12 in the Isle of Wight, ahead of a potential rollout across the U.K., the company said.

Eagle Eye expects revenue from the contract, which runs until August 2021, to move from professional services fees to transactional fees as customers use their personalized offers.

This contract is in addition to the five-year contract Eagle Eye signed in 2015 for omni-channel coupons with the FTSE 100-listed grocer.

At 0742 GMT, Eagle Eye shares were up 7.4% at 202.50 pence.

 

Write to Maryam Cockar at maryam.cockar@dowjones.com

 

(END) Dow Jones Newswires

May 10, 2018 03:58 ET (07:58 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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