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Sainsbury's confident as competition intensifies

The verdict from the City: Sainsbury’s FY results

The verdict from the City: Sainsbury’s FY results

Sainsbury's beat City forecasts when it reported its annual underlying pre-tax profits today (9 May) and, as such, the Square Mile welcomed the UK retailer's results. The company has won plaudits for its performance in a tough sector but there are some questions around its future margins as it competes with the likes of Tesco.