Sainsbury's lifts FTSE 100 despite profit fall
Image copyright Getty Images (Open): Shares in Sainsbury's rose despite the supermarket group reporting a fall in profits.
The company said underlying half-year profits fell 17.9% to £308m as the price war between the major supermarkets continued to have an impact.
But the profit figure was better than analysts' expectations, and shares in Sainsbury's were up 2% in early trade.
The benchmark FTSE 100 index was up 12.43 points at 6,287.71.
In the FTSE 250, shares in TalkTalk jumped 12% after it said its full-year results were on track to meet expectations, despite saying last month's... read more
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