J Sainsbury PLC (LSE:SBRY) on Thursday said it was planning a phased withdrawal from its core banking business. The decision follows a review of its Financial Services division and comes ahead of the food retailer’s strategy update on February 7. Chief Executive Simon Roberts said: “"We have been clear since we launched our Food First strategy in 2020 that we would concentrate our efforts on our core retail businesses and today's announcement reflects that strategic focus.”  “It's business as usual for now ...