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Sainsbury’s bounced back this Wednesday with its Q1 results.

Sainsbury’s
Having had such a traumatic time of it in the past 6 weeks, a period which saw its stock plunge from £2.88 to £2.46 on the back of weak full year figures, news of a CMA investigation into the Home Retail Group acquisition and its worst drop in sales for over a year according to Kantar Worldpanel, Sainsbury’s bounced back this Wednesday with its Q1 results. Rising over 2.5% Sainsbury’s saw like-for-like sales fall 0.8% for the 12 weeks to June, better than the 1.2% slide seen in the 12 weeks to May 22nd, alongside a 0.3% jump in total group sales.

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