Sainsbury stock gains with market share up ahead of update
Sainsbury’s stock rose 2.0% to 314.3 pence in London, outpacing the FTSE 100. Sales climbed 2.0% in the last 12 weeks, raising market share to 15.3%. The company will release its first-quarter trading update on June 30. UK grocery inflation eased to 3.0% for the four weeks ending June 14.