Sainsbury's set to reveal lower profits after 'eventful' year

Sainsbury's is set to reveal lower profits tomorrow after an eventful year that has seen the group return to sales growth and win a lengthy battle to take over Argos owner Home Retail Group.

The Big Four grocer won a four-month takeover tussle in early April to snap up Home Retail for £1.4bn - a move the group said will create the UK's largest non-food store - a £6bn giant, with around 2,000 stores, concessions and click-and-collect outlets.