Apr 25, 2024, 9:00 PM

Apr 25, 2024, 12:00 AM

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Sainsbury's Success Linked to Potential Base Rate Cut for Big-Ticket Items

British politician (born 1932) Sainsbury's

chain of supermarkets in the United Kingdom

Highlights

Sainsbury's reports increase in underlying pre-tax profits despite 1,500 job cuts
Supermarket chain winning market share from rivals but cautious discretionary spending remains
Success linked to potential base rate cut for big-ticket items

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