Summary
SAINSBRUY'S is expected tell the City it is growing faster than rival Tesco on Wednesday, though more attention is likely to fall on the prospect of yet another takeover battle.
Both Tesco and Sainsbury's will square up this week with first- quarter trading updates. First up is Tesco, the UK's clear supermarket leader, which is expected to say tomorrow that like-for- like sales increased just over 5 per cent.See the full content of this document
Extract
Supermarket Wars Continue to Hog the Limelight in the City
However, the following day, smaller rival Sainsbury's is expected to say its sales climbed at closer to 6 per cent according to Shore Capital analyst Clive Black, as competitors begin to mount a sterner challenge to Tesco's dominance.
Last week, Tesco re...See the full content of this document
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