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J Sainsbury PLC (SBRY.L)

SBRY.L on London Stock Exchange

216.00GBp
25 Apr 2019
Change (% chg)

-10.60 (-4.68%)
Prev Close
226.60
Open
217.20
Day's High
220.00
Day's Low
212.10
Volume
26,998,899
Avg. Vol
8,355,979
52-wk High
341.80
52-wk Low
212.10

Latest Key Developments (Source: Significant Developments)

CMA Blocks Sainsbury's-Asda Merger
Thursday, 25 Apr 2019 

April 25 (Reuters) - J Sainsbury PLC ::CMA HAS BLOCKED SAINSBURY'S-ASDA MERGER AFTER FINDING IT WOULD LEAD TO INCREASED PRICES IN STORES, ONLINE AND AT MANY PETROL STATIONS ACROSS UK.CMA HAS BLOCKED SAINSBURY'S-ASDA MERGER AFTER FINDING IT WOULD LEAD TO INCREASED PRICES IN STORES, ONLINE AND AT MANY PETROL STATIONS ACROSS UK.CMA - WE HAVE CONCLUDED THAT THERE IS NO EFFECTIVE WAY OF ADDRESSING OUR CONCERNS, OTHER THAN TO BLOCK MERGER.  Full Article

Sainsbury's to detail price cuts to secure Asda deal - FT
Monday, 18 Mar 2019 

March 18 (Reuters) - :SAINSBURY'S TO DETAIL PRICE CUTS TO SECURE ASDA DEAL- FT.  Full Article

Sainsbury's/Asda welcome "detailed and thorough review" by CMA on proposed merger
Tuesday, 16 Oct 2018 

Oct 16 (Reuters) - Sainsbury's ::SAINSBURY'S <<>> AND ASDA <<>> SAY "WELCOME THE DETAILED AND THOROUGH REVIEW BY THE CMA" ON PROPOSED MERGER DEAL.  Full Article

Sainsbury's To Unveil Scicluna As Successor To Long-Serving Chairman David Tyler On Wednesday - Sky News
Tuesday, 10 Jul 2018 

July 10 (Reuters) - :SAINSBURY’S WILL UNVEIL MARTIN SCICLUNA AS THE SUCCESSOR TO LONG-SERVING CHAIRMAN DAVID TYLER ON WEDNESDAY - SKY NEWS.  Full Article

Morrisons CEO declines comment when asked if would rule out bid for Sainsbury's
Thursday, 10 May 2018 

May 10 (Reuters) - Morrisons ::CFO DECLINES COMMENT WHEN ASKED IF SEEKING CLOSER RELATIONSHIP WITH AMAZON <<>>.CEO SAYS EXPECTS TO PROVIDE COMMENT TO UK'S CMA ON SAINSBURY'S-ASDA DEAL.CEO DECLINES COMMENT WHEN ASKED IF MORRISONS WOULD RULE OUT BIDDING FOR SAINSBURY'S <<>>.  Full Article

Aimia Sells Nectar Business To Sainsbury's
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Aimia Inc ::PRESS RELEASE - AIMIA SELLS NECTAR BUSINESS TO SAINSBURY'S.‍DEAL FOR A GROSS CONSIDERATION OF APPROXIMATELY $105 MILLION (OR £60 MILLION).AGREEMENT ALSO PROVIDES FOR TRANSFER TO SAINSBURY'S OF APPROXIMATELY $183 MILLION (£105 MILLION) OF CASH.CO WILL CONTINUE TO DELIVER CUSTOMER INSIGHTS AND DATA ANALYTICS PLATFORMS TO CUSTOMERS OUTSIDE U.K..‍AGREEMENT ALSO PROVIDES FOR TRANSFER TO SAINSBURY'S OF ABT $183 MILLION (£105 MILLION) OF CASH PROVIDING COVERAGE AGAINST NECTAR REDEMPTION LIABILITY​.AFTER CONSENT OF LENDERS, CO REDUCED OVERALL DEBT LEVEL WITH A $100 MILLION REPAYMENT MADE AT CLOSING.AIMIA - IMPACT OF DEAL TO HAVE POSITIVE IMPACT ON CO'S NET CASH POSITION PRIOR TO REPAYMENT OF $100 MILLION UNDER CREDIT FACILITY.DEAL IS ALSO SUBJECT TO CUSTOMARY WORKING CAPITAL ADJUSTMENTS, WITH NET WORKING CAPITAL PAID TO SAINSBURY'S AT CLOSING OF ABOUT $96 MILLION.IN ADDITION, AIMIA HAS AGREED TO CERTAIN AMENDMENTS TO CREDIT AGREEMENT.ALSO OBTAINED CONSENT OF ITS LENDERS, AS REQUIRED FOR RELEASE OF ONE OF CO'S UNIT GUARANTORS UNDER ITS SENIOR CREDIT AGREEMENT.  Full Article

Sainsbury's CEO says expects full year profit of over 572 mln stg
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Sainsbury's ::SHARES UP 1.7 PERCENT AFTER FIRM BEATS FORECASTS FOR CHRISTMAS TRADING, UPGRADES PROFIT OUTLOOK.CEO SAYS GROCERY SALES VOLUMES "WENT BACKWARDS SLIGHTLY" IN Q3.CEO SAYS ARGOS IMPROVED MARKET SHARE IN Q3.CEO SAYS TOY SALES "WERE CHALLENGED" IN Q3.CEO SAYS PREMIUM RANGE "TASTE THE DIFFERENCE" GREW SALES 6 PERCENT IN Q3.CFO SAYS OVERALL RETAIL BUSINESS DELIVERED EXACTLY IN Q3 AS MANAGEMENT EXPECTED.CEO SAYS EXPECTS FY PRETAX PROFIT OF OVER 572 MILLION STG.  Full Article

Sainsbury's shares lower as Q2 sales growth slows
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Sainsbury's :Shares down 2.9 percent as Q2 underlying sales growth slows.CEO says gained market share in general merchandise in first half.CEO says UK customers currently "very value conscious".CEO says "confident in Christmas offer", group "in pretty good shape".  Full Article

St. Ives says contract with Sainsbury's will not be renewed
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - St Ives Plc :ST. IVES PLC - STATEMENT RE CONTRACT.ST IVES - INFORMED BY SAINSBURY'S THAT CONTRACT WITH GROUP'S MARKETING ACTIVATION SEGMENT WILL NOT BE RENEWED.ST IVES PLC - ‍MANAGEMENT WILL BE INITIATING ACTIONS TO REDUCE COST BASE OF SEGMENT TO MITIGATE IMPACT OF NON-RENEWAL OF CONTRACT​.ST IVES - DUE TO STRONGER THAN EXPECTED TRADING OUTLOOK IN STRATEGIC MARKETING UNIT, CO DOES NOT SEE NON-RENEWAL OF CONTRACT TO HAVE IMPACT ON FY OUTLOOK.  Full Article

GE's Current partnering with Sainsbury's for LED lighting
Monday, 26 Jun 2017 

June 26 (Reuters) - General Electric Co :General Electric- Current is partnering with Sainsbury's to make it first grocery retailer in U.K. To power all its supermarkets entirely by LED lighting.  Full Article

Deals of the day-Mergers and acquisitions

April 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: