J Sainsbury PLC (SBRY.L)
18 Apr 2019
Tue, Apr 2 2019
(Adds detail, table, shares) LONDON, April 2 Sainsbury has lost its status as Britain's No. 2 supermarket group by market share to takeover target Asda for the first time in four years, industry data showed on Tuesday. Sainsbury's sales fell 1.8 percent over the 12 weeks to March 24, reducing its market share to 15.3 percent from 15.8 percent in the same period last year, researcher Kantar said. That meant Asda, the British arm of U.S. retailer Walmart , overtook Sainsbu
LONDON, April 2 Sainsbury's has lost its status as Britain's No. 2 supermarket group by market share to takeover target Asda for the first time in four years as industry data confirmed Sainsbury's as the sector laggard.
LONDON British supermarket groups Sainsbury's and Asda have committed to deliver 1 billion pounds ($1.3 billion) of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator.
* CMA to publish final report by April 30 (Adds detail, shares)
Sainsbury's and Walmart's Asda will provide a more specific commitment to cut prices in response to a negative provisional view by Britain's competition watchdog of their proposed tie-up, the Financial Times (FT) reported on Monday.
March 18 Sainsbury's and Walmart's Asda will provide a more specific commitment to cut prices in response to a negative provisional regulatory view by the competition watchdog of their proposed tie-up, the Financial Times (FT) reported on Monday.
LONDON Sales at Sainsbury's, Britain's No. 2 supermarket group, have worsened, industry data showed on Tuesday, adding to its woes after a brutal provisional regulatory view on its proposed 7.3 billion pound ($9.6 billion) takeover of Asda.
EDINBURGH, Feb 23 American private equity giant KKR is plotting a bid for Walmart's Asda as talks for its merger with British rival Sainsbury falter on competition concerns, The Sunday Times reported.
* Flybe soars on alternate financing proposal (Adds company news items, updates to closing prices)
LONDON Britain's competition regulator has extended the review period for Sainsbury's proposed 7.3 billion pound ($9.5 billion) takeover of rival supermarket group Asda by eight weeks to give it more time to consider evidence recently provided to them.