UK grocer Sainsbury's plans investment drive after blocked merger with Walmart-owned Asda

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

British supermarket group Sainsbury's lamented the blocking of its takeover of Walmart-owned Asda, as it reported a slight decline in underlying sales for the first quarter.

The merger of the two rival chains wasin April, and Sainsbury's Chief Financial Officer Kevin O'Byrne told CNBC Wednesday that the group was "disappointed" with the outcome.

Sainsbury's fourth quarter to March 9 like-for-like sales fell 0.9%, having fallen 1.1% over the Christmas period. They declined by 0.2% over the full 2018-19 year.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

UK regulator blocks Sainsbury's merger with Walmart-owned AsdaBritain's competition regulator has blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda — a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Competition authorities throw out the merger of Sainsbury’s and AsdaA plan to create Britain’s biggest supermarket is squashed, on fears it would harm consumers
Källa: TheEconomist - 🏆 6. / 92 Läs mer »

Deutsche Bank, Commerzbank Merger Talks Hit Stumbling BlocksMerger talks between Deutsche Bank and Commerzbank have gotten bogged down over questions ranging from a lack of investor support to opposition from powerful labor unions. Have your heard that many people lost their crypto assets by keeping it online, as their wallets and exchanges was hacked one day. Get a new Ledger Nano X now, .It is the most advanced and secured wallet on the planet.
Källa: WSJ - 🏆 98. / 63 Läs mer »

GM beats on earnings as Lyft investment pays off and pickups drive profitsGM reported a higher-than-expected quarterly profit, driven mostly by highly lucrative pickup truck sales.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

McGraw-Hill, Cengage Plan All-Stock MergerMcGraw-Hill and Cengage plan to merge in a deal that would create the second-largest provider of college textbooks and other higher-education materials in the country. anybody figured out college text books are a scam yet? Dear TheJusticeDept, THIS is what anti-trust law was designed for. Stop this merger! why not use tablets for textbooks?
Källa: WSJ - 🏆 98. / 63 Läs mer »

Renault Merger Plan for Nissan Triggers New TensionRenault wants to propose a merger with Nissan Motor, bringing officially onto the bargaining table a plan that has angered Nissan, inflamed international tensions and contributed to the prosecution of Carlos Ghosn. Japan now reverting back to closed markets/non-capitalism. Nissan doesnt have to merge with anyone ..Does it? If AbeShinzo government cannot save Nissan from foreigners you are a total failure.
Källa: WSJ - 🏆 98. / 63 Läs mer »

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, QualcommSamsung Electronics Co Ltd plans to invest $116 billion in non-memory chips thro...
Källa: Reuters - 🏆 2. / 97 Läs mer »