Summary
Supermarket chain Sainsbury's is set to slash its dividend and put the cash into cutting prices and improving the quality of its food, according to reports.
It is thought chief executive Justin King will make the announcement next week when he unveils plans to put the struggling group back on track. The dividend could be cut from its current level of 15.7p to 7p in a move that would mean a huge income reduction for major shareholders the Sainsbury family.See the full content of this document
Extract
Sainsbury's 'Set to Slash Its Dividends'
Another report claimed Mr King p...
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