Sainsbury's profit falls 15% after failure of Asda deal
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LONDON (Reuters) - British supermarket group Sainsbury's reported a 15% fall in first-half profit, blaming the combined impact of the phasing of cost savings, higher marketing costs and tough weather comparatives with last year which impacted on sales.The 150-year old group did, however, forecast on Thursday that second half profits would benefit from the annualisation of last year's staff wage increase and a normalisation of marketing costs and weather comparatives - implying it was on track..