Deeper Despair for Sainsbury Punters

Daily Mail (October 16, 2004)

Author: Lucy Farndon

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Summary


SAINSBURY investors are braced for life to get worse when chief executive Justin King lays bare the company's fortunes on Tuesday.

The supermarket giant is tipped to announce head office cuts, store disposals and a costly investment plan to make its prices more competitive.

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Extract


Deeper Despair for Sainsbury Punters

The dividend will be halved.

Sainsbury is still under investigation by the ...

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