Sales growth slows at Sainsbury's

Supermarket group Sainsbury’s today reported a slowdown in sales growth as it battled against poor summer weather and tough competition.

The company, which is currently a takeover target for Qatari-backed Delta Two, said like-for-like sales in the three months to October 6 rose by 3.1%, excluding fuel, down from 5.1% growth in the first three months of the financial year.