Sainbury issued a promising trading statement last week but why no mention of margins? It's not alone with all the other multiples reluctant to cover margins in their quarterly updates. Good see that Marks gives them a mention.
Commentary at www.investorschampion.com

Thanks Tanker.

looking round the supermarkets they are not very busy empty

Sainsbury's invests in Tamar Energy Limited to build 100MW of organic waste-fuelled green power capacity

Sainsbury's has today announced that it has invested £2m in Tamar Energy Limited, a new company focused on producing energy from organic waste matter.

Tamar Ltd was launched today and is backed by a number of investors who are contributing over £65m to establish the business, to develop a UK network of over forty anaerobic digestion (AD) plants. Collectively they will generate 100MW of green electricity over the next five years.

As the UK's leading retailer of AD energy, Sainsbury's is providing its expertise and experience in using this technology. The retailer has clear commitments to protecting the environment and already has a clear zero food waste to landfill policy, with all surplus food waste from stores going to charities or AD to generate green energy. As part of the deal, Sainsbury's will also work with their suppliers to ensure that they have access to Tamar's new AD plants, which will reduce waste in the supply chain.

The project brings together UK and international blue chip partners and investors whose input and expertise will develop the business. The investor group is led by RIT Capital plc and Fajr Capital, alongside the Duchy of Cornwall, Lord Rothschild's Family Interests, Sustainable Technology Investments, Low Carbon Ltd, the management team of Tamar Energy and other private investors.

Sainsbury's Chief Executive Justin King said: "Sainsbury's is the UK's leading retail user of AD so we are delighted to be an investor and strategic partner of Tamar Energy. We will be working closely with our suppliers to ensure they have access to the new plants to help them reduce the environmental impact of their operations, a key strand of our 20 by 20 Sustainability Plan. With the support of our suppliers we are very confident that this new venture will be a success, helping build Tamar Energy into the UK's leading green energy company".

Tamar Energy will be headed by Alan Lovell as Executive Chairman. Mr Lovell was previously the Chief Executive of Infinis Limited, which produces some 10% of the UK's renewable energy, and over three years under Mr Lovell's leadership grew to EBITDA of £75m. Tamar Energy will be strengthened by the acquisition of Adgen Energy, which has an advanced pipeline of projects and a strong management team, including the previous CEO of BiogenGreenfinch, the AD specialist.

Iwould say trade is down 3% at all s/m

but the pound shops are up 5%

skin remember my posts sbry 291 cna 307 . i told you the useless CEO justin is killing this company last year nigh on 4m in pay for what he is dishonest . tesco as now got my money for shopping .

T, yes I remember both SBRY and CNA were trading around 296p with less than half a penny difference at the time you posted, the following week SBRY went 12p ahead of CNA, now the situation has reversed, in some part probably due to buying CNA before going ex-dividend.
2517

7 weeks til ex

just added 10518 at just under 290p

So how does that square with your post 110.
2517

i have enough cna for div paid in june now for july if i hold them as i say i will sell at 300p holding shares to long is silly

2517 if these fall to 278p i would buy enough 20000

I would be looking for a drop to 265p area before I add more. Missed that opportunity some time back. Good luck with CNA. Overall the market is still ahead of itself imo.
2517

3 month low is 280.30

12 month low is 258.00

Yes you're right skinny, around september last year intraday low of 258p
2517

well up 8p in less than a day

I sold out on taking a close look at the CEO justin king he is a failure just filling is own bank balance he is the worst CEO in any of the top 250 companys

what has gone wrong at sains even mrw are doing a lot better .
we know the ceo is useless but it now looks like board need to go
down over 25 % in the last 14 months and jk says the company is doing well
is the man insane

final div 11.20p ex div 16th may

RNS Number : 7411Z

Sainsbury(J) PLC

21 March 2012

Fourth Quarter Trading Statement for 10 weeks to 17 March 2012

Strong finish to a good year

-- Total sales for fourth quarter up 4.6 per cent (5.1 per cent excluding fuel(1) )
-- Like-for-like sales(2) for fourth quarter up 2.5 per cent (2.6 per cent excluding fuel(1) )
-- Like-for-like sales(2) for the year up 4.5 per cent (2.1 per cent excluding fuel(1) )
-- Achieved target 7.3 per cent gross space growth in the year
-- Convenience, online and non-food all growing ahead of market

Justin King, Chief Executive, said, "We delivered like-for-like sales of 2.6 per cent excluding fuel this quarter, completing a good performance for the year against a challenging backdrop. Our strategy of delivering universal customer appeal is succeeding in the current economic climate. Our unique own label ranges enable customers to save money when they need to and to treat themselves, their friends and families on special occasions. Through Brand Match, customers are increasingly aware of the great value Sainsbury's offers. They are inspired by Live Well for Less, which helps them find ways to make their money go further without compromising on quality. Our Nectar loyalty programme is a key source of customer insight, and we have signed a new long-term contract ensuring we retain this competitive advantage. We continue to outperform the market and gain market share.

Underpinning our performance is our quality food offer. We have invested over GBP85 million this year to make our fresh food better than ever, and this is delivering real results. Customers rate Sainsbury's best for great tasting food(3) . Our own label participation continues to lead the market(4) , reflecting Sainsbury's reputation for great quality at fair prices. Sales of basics grew by 10 per cent and Taste the Difference grew by almost 20 per cent. In the past year we have trained 18,000 of our colleagues in our Bakery and Food colleges, and their fantastic service, skills and expertise have resulted in sales from our counters growing faster than at any other retailer(5) .

We remain focused on ensuring our values make us different and are making good progress against the commitments we set out in our 20 by 20 sustainability plan. As the largest Fairtrade retailer in the world, we sold over GBP12 million of Fairtrade goods during Fairtrade Fortnight, 11 per cent more than last year. In the quarter we also announced our investment in Tamar Energy, a company set up to produce energy from organic waste. For the second year running Business in the Community has awarded Sainsbury's Platinum Plus status in its Corporate Responsibility Index, the top accolade.

Convenience, online and non-food are all growing ahead of the market, as our multi-channel offer means customers can do more of their shopping with Sainsbury's. Against difficult market conditions we are gaining market share in clothing and general merchandise. Our convenience business is growing at over 20 per cent, driven by a combination of new space and strong like-for-like sales growth. We are also the fastest growing online grocer. Sales continue to grow at over 20 per cent, with both basket size and order numbers increasing, and we now serve on average 165,000 customers a week. 'Click & Collect' is now in nearly 900 stores, with over half of customers choosing to pick up their online general merchandise orders in store.

In the quarter we added 170,000 square feet of gross new space, including two new supermarkets, three extensions, and 15 new convenience stores. This brings our total gross new space in the year to 1.4 million square feet, opening 19 new stores at an average size of just over 39,000 square feet, extending 28 stores by an average of 15,000 square feet, and opening 73 new convenience stores.

We have demonstrated that delivering quality and value is a compelling offer for customers. The economic climate is likely to remain challenging, and we are committed to helping customers make their money go as far as possible. Nonetheless, the Diamond Jubilee, Olympics and Paralympics are wonderful opportunities this year for the country to join together and celebrate, and we expect these to underpin our continued growth as customers trust Sainsbury's to make their celebrations really special. "