Sainsbury’s Needs Sales Revival Before Inflation Hits

Shares of Britain’s second biggest supermarket chain failed to gain any ground in 2016, in fact they fell about 4%, a less than meagre performance that contrasted with some of the best gains by its rivals’ shares for years.

Investors were demonstrating persisting scepticism about Sainsbury’s, despite the group’s resilient underlying sales growth in the third quarter of 2016 and an industry beating outcome at Argos, which it acquired early last year.

Read the full article on the City Index website