Major shareholder in Sainsbury's backs proposed Asda merger
Martin Walker, UK equities fund manager at Invesco Perpetual, is the first major investor to publicly back the proposed £12bn merger of Sainsbury's and Asda
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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Sainsbury's weakest in latest Kantar data but Love Island and hot weather boosts sales
Hot weather boosted drinks sales and hit reality TV show Love Island boosted demand for men’s skincare products
FTSE 100 closes higher but only just as trade tensions continue
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Walmart-owned Asda sees second-quarter sales bounce-back as recovery continues ahead of Sainsbury's takeover
The UK food retailer said its underlying sales excluding fuel rose by 0.4% in its second quarter, but removing the impact of an earlier Easter which this year benefited the first quarter, sales were up 2.6%
UBS ups Morrisons to ‘buy’ as discounter expansion slows
The bank said that discounters had been a “key source of Morrisons’ switching losses ... over recent years”, but added that Aldi store openings had slowed sharply in the first half of 2018
Hot summer and football fever boost supermarket sales but Tesco and Sainsbury’s lose ground to Aldi and Lidl
News of further market share losses for Tesco will likely add more weight to reports over the weekend that it is looking to launch a new discount brand to rival Aldi and Lidl
Tesco’s new discount chain to rival Aldi and Lidl could open within six weeks
According to the Guardian, workers at one Tesco store in Liverpool which is due to close have been promised potential jobs at a “new retail format” store opening in September
Sainsbury unveils appointment of City grandee Martin Scicluna as non-executive chairman to succeed David Tyler
Scicluna, who is chairman of RSA Insurance PLC, will join as the food retailer's chairman-designate on 1 November 2018 and it anticipates that he will assume the role of chairman from the beginning of the new financial year in March 2019, o
FTSE 100 tumbles 1.3% lower as trade worries grip markets
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
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Wetherspoons eyed for CO2 shortage impact as week reaches mid-point
The pub chain will be hoping to mitigate any potential drink shortages as the warm weather and England's World Cup performance drive up customer numbers
Argos starting to prove its worth to J Sainsbury shareholders
The UK food retail market is so competitive right now that Sainsbury’s shareholders will be glad they have another division which can pick up the slack
J Sainsbury posts small rise in Q1 like-for-like sales as Argos returns to growth
Argos had been a drag for the past few quarters but it returned to growth this time around as Sainsbury's opened more Argos stores in its supermarkets
Investments and investor services
FTSE 100 closes in the red amid weak volumes and US holiday
The UK's premier index of leading shares closed at 7,573 - down around 20 points. FTSE 250 closed down around 12
Asda CFO Alex Russo leaves for Wilko in wake of proposed Sainsbury's merger
Alex Russo, who has been Asda CFO for more than four years, will be replaced by Rob McWilliam, the former head of finance and consumables at Amazon UK
Investments and investor services
J Sainsbury will be in focus but few fireworks expected in London on Wednesday
Wednesday is US Independence Day, meanwhile, the hangover from England's big game may leave London welcoming a light diary.
UBS ups its target for Sainsbury's as it thinks risk-reward looks attractive with Asda incorporated
Repeating a ‘buy’ rating on the stock, the Swiss bank’s analysts hiked their target for the FTSE 100-listed stock to 400p from 325p, with the shares currently trading at 319.3p
Tesco-Carrefour tie-up a 'direct response' to Sainsbury's-Asda merger, analysts say
Supermarkets have been tackling rising competition from discounters Aldi and Lidl and the growing threat of Amazon
Tesco and Carrefour announce strategic alliance to cut costs and prices
Tesco and Carrefour said the partnership will allow the companies to improve the quality and choice of products at lower prices
FTSE 100 closes in red as ongoing trade standoff scares investors
The UK blue chip benchmark shed almost 90 points to finish the day at 7,547.
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Housebuilders and retailers take centre stage as slew of firms release latest results
The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry