The British grocer posted a sharp decline in profit in the first half of its fiscal year but predicts grocery sales growth in the second half.

By James Davey LONDON (Reuters) -British supermarket group Sainsbury's stuck to its full-year forecast of up to 10% profit growth on Thursday after a 3.7% rise in the first half, with robust grocery sales offset by weakness in general merchandise.

Sainsbury’s reported a rise in half-year profits as strong food sales offset weak trading at Argos.

British supermarket group Sainsbury's has today kept its forecast for full-year profit growth of up to 10% as it reported a 3.7% rise for the first half, with robust grocery sales offset by a weaker performance in general merchandise.

British supermarket group Sainsbury's on Thursday kept its forecast for full-year profit growth of up to 10% as it reported a 3.7% rise for the first half, with robust grocery sales offset by a weaker performance in general merchandise.