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Sainsbury’s defends dividends, Argos closures and rates relief

Sainsbury’s has defended its decision to pay £230m in dividends while closing stores and claiming rates relief.

Chief executive Simon Roberts said that the property tax is unfair, and added that Sainsbury’s would still pay more tax than Amazon.

About 3,500 jobs are to be slashed after the group revealed plans to shut 420 high street Argos shops over the next three years, which knocked the chain into the red.

The Times (£)
The FT (£)
The Guardian

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