We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.20 | 0.45% | 265.40 | 266.80 | 267.00 | 268.00 | 264.00 | 265.60 | 5,275,554 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Grocery Stores | 32.7B | 137M | 0.0581 | 45.92 | 6.29B |
By Maryam Cockar
J Sainsbury PLC (SBRY.LN) said Tuesday that it will increase the base rate of pay for its in-store employees, but will reduce the number of in-store roles.
The supermarket group said it will invest more than 100 million pounds ($138.2 million) in its in-store staff, which will include increasing the base rate of pay to GBP9.20 an hour from GBP8 an hour. Staff working in zones one and two in London will see the base rate increase to GBP9.80 an hour, it said.
FTSE 100-listed Sainsbury's said it will also reduce the number of in-store roles to five from 22, and will remove colleague bonuses and paid breaks.
Simon Roberts, Sainsbury's retail and operations director, said the proposed changes will ensure the company retains staff in a competitive retail environment.
At 0950 GMT, shares in Sainsbury's were down 5.50 pence or 2.2%, at 247.40 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
March 06, 2018 05:21 ET (10:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Sainsbury (j) Chart |
1 Month Sainsbury (j) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions