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flag Sainsbury's predicts flat profits despite increased sales and investments in lowering prices.

flag Sainsbury's, the UK's second-largest supermarket, predicts flat profits for the next year amid rising competition and costs. flag Despite a 4.2% increase in sales to £26.6 billion and a 7.2% rise in profits to £1.03 billion over the last year, Sainsbury's expects weaker profitability to offset stronger sales. flag The company plans to open about 40 new stores and has invested £1 billion in lowering prices.

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