Sainsbury's warns of $623 million coronavirus hit to profit

LONDON (Reuters) - British supermarket group Sainsbury's warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said decisions on paying dividends to shareholders would be deferred.However the group, No. 2 to market leader Tesco , said that under its "base case" scenario the hit to profit would be broadly offset by stronger food sales and about 450 million pounds in business rates relief from the government.That would mean the..