Sainsbury(J) PLC Response to press speculation (6033F)
17 Novembre 2020 - 1:00PM
UK Regulatory
TIDMSBRY
RNS Number : 6033F
Sainsbury(J) PLC
17 November 2020
17 November 2020
J Sainsbury plc
Response to press speculation
We note recent media speculation regarding a possible sale of
Sainsbury's Bank. We set out a clear five year plan for Sainsbury's
Bank at our Capital Markets Day in September 2019 and confirmed
this plan as part of our Interim results and strategy update on
5(th) November 2020. We are on track to deliver that plan despite
the impact of COVID-19 and expect to deliver a profit in the second
half of this financial year. We have received some very preliminary
expressions of interest in the Bank, but this does not mean
anything will come of these discussions. Our management team
remains focused on delivering the plan.
Enquiries
Investor Relations: James Collins +44 (0) 7801 813 074
Media: Rebecca Reilly +44 (0) 20 7695 7295
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