FTSE still on the rise

Shares in Sainsbury’s retreated 3% today after evidence of more strong sales growth failed to excite the City.

FTSE still on the rise
Wed, 07 Oct, 2009 - 12:38

Shares in Sainsbury’s retreated 3% today after evidence of more strong sales growth failed to excite the City.

The retailer reported like-for-like sales growth of 5.4% in the second quarter, slightly lower than market forecasts and down on the inflation-driven rise of 7.8% seen in the first quarter.

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