Sainsbury’s raises profit outlook after stronger-than-expected first half

Sainsbury’s has lifted its full-year profit forecast after posting better-than-expected sales and earnings for the first half of its financial year, mirroring rival Tesco’s recent upgrade.
Britain’s second-largest supermarket reported retail underlying operating profit of £504 million for the six months to September 13, up 0.2% year-on-year.
Retail sales, excluding fuel and VAT, rose 4.8% to £15.6 billion, with like-for-like sales increasing 4.5%.
The group is now e