Sainsbury’s shares hit three-month low on signs of slowing sales momentum
Grocery sales in lineArgos sales disappointNo change to forecastsThe UK's second-largest supermarket chain Sainsbury's (SBRY) delivered a first-quarter trading statement which was pretty much in line with expectations in terms of grocery sales and maintained its full-year profit and cash-flow forecasts.However, a slowdown in total like-for-like sales growth and the resulting lack of an upgrade saw