Sainsburys staff to receive £70 million in bonuses
Analysts have estimated that King himself will collect a cash bonus of more than £1 million as a reward for the hike in profits, while last year he received a bonus of £869,000.
The company is not forecast to provide an update on current trading but King will come under pressure to provide commentary on the outlook for the year, amid weaker price inflation and declining like-for-like sales growth.
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