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Sainsbury Sales Drop on Cost of Living Crisis: The London Rush

A customer pushes a shopping trolley of loaves of bread in the car park of a J Sainsbury Plc supermarket in London. 

A customer pushes a shopping trolley of loaves of bread in the car park of a J Sainsbury Plc supermarket in London. 

Photographer: Hollie Adams/Bloomberg

Here’s the key business news from London-listed companies this morning.

J Sainsbury Plc: Britain’s second-largest supermarket chain said sales are dropping as consumers try to navigate the highest inflation in 40 years and warned that the pressure on household budgets will “intensify over the remainder of the year.”