J Sainsbury PLC closed 13.40% short of its 52-week high of £3.01, which the company reached on September 10th.

J Sainsbury PLC closed 14.66% below its 52-week high of £3.01, which the company achieved on September 10th.

J Sainsbury Plc will axe 3,000 staff across the business and close its remaining cafes, as Britain’s second-largest supermarket steps up a cost-saving drive after Labour’s revenue-raising budget.