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Sainsbury’s spooks the City with Iran conflict warning
By Dominic Bernard2026-04-24T10:44:00
Sainsbury’s warning that the Iran war will hit profits has spooked the City.
Sainsbury’s warning that the Iran war will hit profits has spooked the City.
Shares in the supermarket plunged 5.8% on Thursday morning, after the retailer told investors underlying profits would remain flat or even fall in the year to come.
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