{"id":4145,"date":"2018-11-08T07:45:24","date_gmt":"2018-11-08T07:45:24","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/sainsburys-profits-rise-in-tough-market\/"},"modified":"2018-11-08T07:45:24","modified_gmt":"2018-11-08T07:45:24","slug":"sainsburys-profits-rise-in-tough-market","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/sainsburys-profits-rise-in-tough-market\/","title":{"rendered":"Sainsbury&#8217;s profits rise in tough market"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Sainsbury's\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/73A7\/production\/_102370692_sainsbury'strolly.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Half-year results at the supermarket chain Sainsbury&#8217;s have shown a 20% rise in underlying profits. <\/p>\n<p>Pre-tax, the figure for the 28 weeks to 22 September was \u00a3302m, compared with \u00a3251m in the same period last year.<\/p>\n<p>However, the retailer&#8217;s regular pre-tax profit nearly halved once exceptional costs were taken into account.<\/p>\n<p>These included restructuring store management teams and preparing for its merger with Asda, which is being examined by competition authorities.<\/p>\n<p>On the standard measure, pre-tax profit for the 28 weeks to 22 September was \u00a3132m, compared with \u00a3220m in the same period last year.<\/p>\n<p>Chief executive Mike Coupe said the market was still &#8220;very competitive&#8221;.<\/p>\n<p>However, the supermarket giant said it had benefited from the recent Argos takeover and the hot summer weather. <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46135274\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Half-year results at the supermarket chain Sainsbury&#8217;s have shown a 20% rise in underlying profits. Pre-tax, the figure for the 28 weeks to 22 September was \u00a3302m, compared with \u00a3251m in the same period last year. However, the retailer&#8217;s regular pre-tax profit nearly halved once exceptional costs were taken into account. &hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4145","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4145"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}