Sainbury’s profit hit after group sells banking arm
Thursday, 7 November 2024 ()
Sainsbury’s told markets this morning that profit after tax in the first half of the year fell by 51 per cent to £76m, due to post-tax costs of £176m predominantly related to the restructuring of the financial services division. However, the company’s grocery sales rose by five per cent, ahead of the market, and retail [...]
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