Sainsbury’s ups its annual forecasts to over £1billion after better half-year performance

SAINSBURY’S has upped its annual earnings outlook to more than £1billion after a better-than-expected half-year performance. The supermarket reported an underlying operating profit of £504million for the 28 weeks to September 13. It was up on last year’s £503million and better than the group expected. Pre-tax profits also rose by 5 per cent to £271million….