Walmart-owned Asda to consult staff over loss of up to 2500 jobs
Asda said it believes the proposed changes it is consulting on would allow it to do a better job for its customers
Company
J Sainsbury PLC
LON:SBRY
J Sainsbury PLC is a United Kingdom-based company principally engaged in grocery and related retailing, and financial services.
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FTSE 100 closes off lows but shoulders drop as US stocks plunge with tech disappointments
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red
Oasis to open in Sainsbury's supermarkets after concession partner House of Fraser collapses
Oasis will open before Christmas in Sainsbury’s in Sydenham, south London, and the supermarket's new Selly Oak store in Birmingham
FTSE 100 closes in red as Wall Street shares lag; Brexit exhaustion
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
CMA’s Asda-Sainsbury’s merger inquiry to consider possible “squeeze” on suppliers
The move to bring supplier issues within the remit of the regulator’s inquiry follows pressure from politicians
‘Big Four’ continue to lose market share to Aldi and Lidl
Tesco, Sainsbury’s, Asda and Morrisons all grew sales over the past 12 weeks, but they all also gave up more market share to the German discounters (and Co-op)
Former Tesco directors go on trial over alleged profit overstatement
Chris Bush, Tesco’s former UK managing director, and John Scouler, the former UK food commercial director, have been accused of knowing that income was being wrongly included in the firm’s financial records in order to meet targets
Tesco prospects positive despite first half profit miss
Tesco is in good shape to go into battle with discount retailers and a merged Sainsbury's-Asda
Investments and investor services
FTSE 100 closes higher midweek, but Tesco takes a hit
Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
Tesco set to deliver 11th consecutive quarter of UK sales growth
Tesco is expected to notch its 11th straight quarter of UK like-for-like sales growth and deliver underlying earnings (EBIT) of around £983mln, according to UBS analysts
Aldi UK to open 130 new stores after returning to annual profit growth
Aldi’s UK and Ireland arm posted a 26% increase in operating profit last year as sales grew 16.4%
Sainsburys-Asda merger could substantially lessen competition, says competition watchdog
During phase 2 of its probe into the proposed deal, the CMA will seek further evidence through customer surveys, discussions with rival retailers, suppliers and industry bodies
£12bn Sainsbury’s-Asda merger referred for more in-depth phase 2 investigation
As expected, the Competition and Markets Authority has moved the investigation into a more detailed phase 2 investigation, claiming the deal “raises sufficient concerns”
Investments and investor services
FTSE 100 closes higher as trade fears ebb; Kingfisher leads the laggards
The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
Berenberg tells investors to add UK supermarket shares to their baskets
Shares in Tesco, Sainsbury’s and Morrisons have soared over the past year, but Berenberg reckons there is still a way to go
Morrisons may shun retail mega merger kingmaker role to continue online expansion
Morrisons, which has online delivery deals in place with Amazon and Ocado, will likely invest further in e-commerce with the high street in decline
Anglo Asian Mining shares fly higher as it takes steps to identify new targets
A look at some of the top risers and fallers in London on Thursday
Sainsbury's boss warns regulators could scupper £12bn Asda merger
The Competition and Markets Authority is currently undertaking a phase 1 investigation into the proposed tie-up, although it is expected to kick off a more in-depth enquiry shortly
Are supermarket price wars about to be shelved for good?
Moves by Tesco and Asda to scrap their price guarantees may lead to the belief that the price wars are coming to an end, however a new, fiercer contest could soon be underway
Competition watchdog kicks off formal probe into merger of Walmart's Asda and Sainsbury's
The competition watchdog will begin a Phase 1 probe to assess how the deal could affect competition for customers