Tesco, Asda sales fall as discounters advance-Kantar

LONDON, Aug 25 (Reuters) - Britain's "big four" supermarkets have all lost market share in a barely growing grocery market, with Tesco and its main rivals failing to keep pace with discounters Aldi and Lidl, Kantar Worldpanel said on Tuesday.

Sainsbury’s to splash out £150m on price cuts as it slumps to first-half loss

Sainsbury’s has slumped into the red after taking a one-off charge of £628m to pull out of building 40 new supermarkets and downgrading the value of 40 underperforming stores, just a year after writing off plans for 15 new supermarkets at a cost of £92m.

Justin King insists Sainsbury's will not go the way of Tesco when he departs

Sainsbury's outgoing chief executive Justin King has insisted the supermarket will not unravel when he leaves – as Tesco did after Sir Terry Leahy's departure – despite revealing a second consecutive quarter of falling sales.

Sainsbury's cuts its sales forecast

Sainsbury's has cut its full-year sales forecast after warning that customers are likely to "spend cautiously" in the first few months of 2014.

Sainsbury's reports 9% rise in half-year profits

Sainsbury's has reported a half-year pre-tax profit of £433m, up 9.1% from the same period in 2012. The supermarket giant said the results were "strong" considering the "tough trading environment".