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FTSE 100's gains pared
After briefly venturing back above 6,000, the Footsie saw its gains trimmed as US markets turned lower.
Company
LON:SBRY
J Sainsbury PLC is a United Kingdom-based company principally engaged in grocery and related retailing, and financial services.
782 stories · page 35 of 40
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After briefly venturing back above 6,000, the Footsie saw its gains trimmed as US markets turned lower.
Home Retail is back in play as Sainsbury's releases a slide show presentation of its pitch to buy the Argos and Homebase owner.
Supermarket chain said like-for-like third quarter retail sales fell 0.4% excluding fuel
Tuesday's data from Kantar Worldpanel suggests Sainsbury's had a good Christmas
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Unusually, the majority of the big gains today were to be found among the FTSE 350 - especially the FTSE 100
FTSE100 was buoyed by retail stocks at lunch and investor sentiment seemed to be improving as the index climbed 1.6% higher.
Sainsbury's was the only one of the Big Four supermarkets to grow share over Christmas while Tesco exceeded expectations
US-owned chain slashes prices to keep up with discounters
Investments and investor services
The FTSE100 ended the day around 130 points lower at 5,944, tumbling below 6,000.
Footsie fell to 5916, about 100 points away from lows not seen since last August
Investments and investor services
Royal Mail, BAE Systems, Sainsbury / Home Retail, Kingfisher, Next, HSBC and Direct Line were all in the broker spotlight on Wednesday.
Analysts continued to mull the possible ups and downs of a deal
Department stores do well but supermarket sales decline
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Shares in drug giants Glaxo and Shire should stay in fine heath this year, Barclays says
Sainsbury's approached Home Retail in November about cash-and-share deal
Sainsbury's approached Home Retail in November about possible cash-and-share bid
Investments and investor services
Below are the main news-driven share price movements at 4pm.
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