Former Asda exec says competition watchdog should block Sainsbury's merger
"Putting two low growth businesses together doesn’t create a high growth business," a former Asda executive said of the group's planned merger with Sainsbury's
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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Direct Line Insurance sees claims linked to winter storms use up full annual weather budget
The FTSE 100-listed firm said claims associated with the snow and icy weather conditions in February and March were expected to be about £50mln after tax
FTSE 100 ends April at highest level in three months, led by Sainsbury's
Sainsbury's shares rose 29% in April on the back of news it had agreed to merge with Asda
Sainsbury's and Asda lose market share as sales trail behind 'big four' rivals, Kantar reveals
The data comes a day after Sainsbury’s and Asda reveal they had agreed to merge
Archive
Rough start to the week for U.S. stocks, Dow closes more than 150 points lower
All major U.S. indices were down by Monday's closing bell, dragged lower by telecom stocks
Merger Monday: Marriott, Prologis, Marathon, J Sainsbury Plc. and United Therapeutics on a buying spree
Business confidence returns with global dealmaking firing on all cylinders
Archive
US stocks set to end April on a positive note, with slew of M&A news to keep traders busy on Merger Monday
A slew of merger news to keep the market busy today ....
Exane sees Morrison's as merger “consolation prize”, downgrades to ‘neutral’
The French broker said it thinks Morrison’s could face more competition if the big merger goes through, although it believes the firm “could be considered a consolation prize”
Sainsbury's-Asda tie-up makes economic sense but risks need considering, says HSBC
HSBC upgraded its rating on Sainsbury’s to ‘hold’ from ‘reduce’ and lifted its target price to 270p from 210p
Sainsbury-Asda: Five reasons why this £14bn mega-merger was inevitable
There are many reasons why a deal like this was somewhat inevitable
Investments and investor services
Small caps slide: Andalas, Velocity Composites and Ten Lifestyle
A look at some of the biggest risers and fallers in London on Monday.
Sainsbury's annual profits fall as it integrates Argos but shares jump on Asda deal
Sainsbury's full year earnings were overshadowed by the group's £15bn merger with Asda
Sainsbury's confirms £15bn Asda merger and dismisses reports stores will close
Sainsbury’s expects its planned merger with Asda to generate £500mln in cost savings
FTSE 100 closes up, but off earlier highs, as Sainsbury-Asda merger news boosts supermarket takeover rumour mill
The pound reverses earlier losses against the euro as the spotlight remains on the Sainsbury-Asda merger
Sainsbury's and Walmart-owned Asda in talks to create UK's biggest supermarket group.
In a statement on Saturday, Sainsbury’s confirmed it is in advanced discussions regarding a combination with Asda and said a further announcement would be made on Monday
UK competition watchdog approves Co-op's £140mln takeover of Nisa
The Co-op offered to buy Nisa in October after rival Sainsbury's shelved plans to acquire the wholesaler
Investments and investor services
FTSE 100 closes higher, buoyed by hopes for City post-Brexit
FTSE 100 closed around 30 points higher at 7,398 on Minday
Tesco and Morrisons outpace the rest of UK's big four supermarkets, Kantar data reveals
Discount grocers Aldi and Lidl are continuing to disrupt the market with sales outperforming Britain's four largest supermarkets
Investments and investor services
FTSE 100 closes in red as traders still jittery about macro issues
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
Tesco to be transformed by Booker acquisition, in JP Morgan Cazenove's view
"We see Tesco as a visible turnaround with moving parts (eg, new management, access to new markets, synergies, cost savings, legacy assets)," the broker said