Nov 10 2008 Western Mail A BUSY week for blue-chip results sees figures from Sainsbury’s, Vodafone and owners of Cardiff-based utility supplier Swalec. The UK’s third biggest supermarket, Sainsbury’s, is expected to post a 10% rise in interim profits next Wednesday. Analysts are predicting underlying profits of between £260m and £270m from a period of intense competition between the UK’s biggest grocers. Sainsbury’s posted like-for-like sales growth of 4.3% for the 16 weeks to October 4 – slightly better than market expectations – but the City seized on chief executive Justin King’s comments over a “particularly challenging” economic environment. The firm – along with Tesco – has fought back with campaigns such as Feed your Family for a Fiver and by growing its own label basics range to 550 products to help customers on...
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