Supermarket boss vows to stay on

Sainsbury's boss Justin King has committed his future to the retailer as it unveiled an eighth successive year of profits growth under his stewardship.

Mr King played down reports that he was poised to step down nine years on from taking over during a turbulent period for the supermarket, instead comparing his tenure as chief executive to the 26-year stint of Sir Alex Ferguson at Manchester United.%VIRTUAL-SkimlinksPromo%