Sainsbury’s, Telegraph, Sorrell: Everything that matters this morning

Sainsbury’s growth slows due to competitive market
Sainsbury’s like-for-like sales growth continued to slow in its first quarter as appears to fall victim to competitive price wars.  
Britain’s second biggest supermarket group reported yesterday a 0.2% rise in like-for-like sales, excluding fuel, in the 16 weeks to June 30. The increase compares to 0.9% in the fourth quarter and 1.1% in the three months before.
Chief Executive Mike Coupe says: “The market r