Sainsbury shares under pressure

8 January 2001

Sainsbury shares under pressure

By FWi staff

SAINSBURY shares could come under pressure amid speculation that the supermarket chain had a gloomy Christmas, reports the Daily Mail.

Underlying sales rose between 1-2%, but Safeway and Tesco are expected to show 4% rises and Morrisons is tipped to record a 6% increase.

The Mail says if doom-mongers are correct, Sainsbury pre-tax profits will have to be trimmed from the current figure of 539m.

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