Sales rise reported by Sainsbury’s

<p>Sainsbury’s has seen its sales rise in the last quarter of 2013.</p>

Supermarket chain Sainsbury's has announced it recorded a rise in sales for the last three months of the year.

The firm's like-for-like sales UK sales, excluding fuel, were up by 0.7 per cent and its market share has also been increased by 0.2 per cent to 16.8 per cent in the in the 12 weeks up to June 8th.

Sainsbury's latest results come only a short time after its major rival Tesco announced a fall in its own sales.

Chief executive Justin King called the figures "a solid performance in what continues to be a tough consumer environment" and pointed out that his company has now recorded 34 quarters of like-for-like growth.

Sales from Sainsbury's convenience stores were shown in the results to have increased by a fifth compared to last year.

The share price of the supermarket chain is up this morning (June 12th) on the back of the news its sales in the UK are rising.

At 08:30 BST, stocks were trading for 363.80, up 0.3 per cent on the start of the day.

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