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Sainsbury's cautious on 2018 as Christmas sales just beat forecasts​

Reuters  |  LONDON 

LONDON (Reuters) - Sainsbury's, Britain's No. 2 supermarket group, reported a slight beat to forecasts for Christmas sales and said it was edging up its full-year profit guidance, thanks to better-than-expected synergies from the Argos business.The group, which bought electricals and toys retailer Argos in 2016, also warned on Wednesday that market conditions remained challenging and it was cautious about the consumer environment in the year ahead.Britons are facing pressure from slow wage growth and the jump in inflation that followed the 2016 Brexit vote.Sainsbury's said total retail ...

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First Published: Wed, January 10 2018. 14:11 IST