Sainsbury’s slides to loss in fiscal 2021 as COVID-19 fuels costs

On Wednesday, J Sainsbury plc (LON: SBRY) said it concluded fiscal 2021 with a pre-tax loss. The company acknowledged growth in its revenue but swung to loss due to increased costs attributed to the ongoing Coronavirus pandemic. Sainsbury’s shares opened about 4% up in the stock market on Wednesday but lost more than 5% in […]