Sainsbury results disappoint shareholders

Supermarket chain J Sainsbury said third quarter UK sales growth rose just 0.1% as it invested in new computer systems and distribution centres.

Britain's largest retailer after Tesco and Asda operates the chain of about 500 stores throughout Britain as well as more than 55 convenience stores. The company also owns 55% of Sainsbury's bank, a joint venture with Scottish bank HBOS.