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UK grocer Sainsbury's says will outperform price-cutting rivals
date:May 08, 2014
British grocer J Sainsbury (SBRY.L) said it was well-equipped to cope with the rise of discounters and price cuts by major rivals, even though a 5.3 percent increase in annual profit represented its weakest growth in nearly a decade.

Britain's grocery market is growing at its lowest rate for 11 years as price inflation slows and stagnant wages keep consumer spending in check.

The big four grocers - market leader Tesco (TSCO.L), Wal-Mart's (WMT.N) Asda, Sainsbury's and Morrisons (MRW.L) - are a

12/24 19:43