Sainbury's forecasts profits fall as cost of living crisis bites; Supermarket says 'significant' cost inflation is denting margins and squeezing customers' spare cash* Sign up to First Edition, our free daily newsletter -- every weekday morning at 7am

Byline: Sarah Butler Sainsbury's has warned profits will fall in the year ahead as it faces 'significant external pressures' including cost inflation and a squeeze on its customers' spare cash. [...]