City analysts are also speculating that Mike Coupe’s position at Sainsbury’s looks precarious, now his big deal with Asda is in ruins. Tom Stevenson, investment director at Fidelity, says the CMA’s ruling is a personal blow: “Confirmation that the competition watchdog has blocked Sainsbury’s planned merger with Walmart-owned Asda will surprise no-one after its forthright interim report in March made clear its deep reservations about the deal.
Sainsbury’s can do better ...
Thank goodness for this decision for us Joe/Jo public! There proposed merged name ‘ ‘AsdaBury’ was also never going to be a popular one was it...
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Sainsbury's and Asda merger blocked by competition watchdogThe competition watchdog has blocked Sainsbury's and Asda's £10bn merger after finding it would lead to increased prices in stores, online and across petrol stations. Good telebusiness Ok never really believed Coupe’s marketing talk about this being good for consumers. However why does the cma not break up Tesco if it has such issues with one supermarket having over 30% market share? So, now both businesses will start to shed jobs and make other cost savings...albeit on their own
Source: The Telegraph - 🏆 41. / 63 Read more »
Sainsbury's Asda merger BLOCKED: Competitions authority stop £12BN supermarket dealSAINSBURY'S £12billion merger with supermarket Asda has been blocked by the Competition and Markets Authority (CMA).
Source: Daily Express - 🏆 26. / 68 Read more »
Sainsbury's/Asda mega merger is formally blocked by CMARegulators cast aside assurances from the pair over the tie-up, ruling it would lead to a series of increased prices for shoppers. Great news, this would have been a disaster for suppliers. I am like your boss daughter, Chloe and Grace Murdoch. I am a Head of State. I am the new Queen of England. Queen Elizabeth II too old to held a job as Queen. Ask Queen Elizabeth II to abdicate. I am going to preach Bible to Israel, England and other country. Obey Me, I am going to give England a place in Kingdom of Heaven. Use Bible Verse and People Power to make me Queen of England. Dont be disobedience to me, you can be exile to hell. Ask Prince William or someone to bring me to London from Jakarta, Indonesia.
Source: SkyNews - 🏆 35. / 67 Read more »
Sainsbury's-Asda merger blockedA merger between the supermarkets would be bad for consumers, says UK competition watchdog. Sansa Bury just put you on her list 🤣 Good news as prices would have gone up had Sainsbury’s got their way! Sainsbury’s = high prices but average quality at best Surely the logic of this decision should lead to a forced split of Tesco into two competing supermarkets? Tescome and Tesgo anyone? Or how about Tessco and Claudiaco? It's early and I'm bored.....
Source: BBCNews - 🏆 3. / 97 Read more »
Sainsbury’s £12billion merger with Asda blocked over fears it will drive up prices for shoppersA TIE-UP between Asda and Sainsbury’s has been blocked at the final hurdle amid fears it will push up prices for shoppers. The Competition and Markets Authority (CMA) warns that a merger woul… torys hate poor humans no bus shelters in east devon for poor but bus shelters and seats for rich ,east devon evil no prices fall mrs may evil Disgrace!
Source: TheSun - 🏆 64. / 61 Read more »
Tories attempt to BLOCK Brexiteer becoming PM by urging business leaders to join partyProfessor James Crabtree warns that if \u2018half the Cabinet resigns on mass it could trigger of if half her Parliamentary party says they want her to go then her position becomes untenable.\u2019 They clearly want P45s An historical first . The rats are being urged to join a sinking ship treacherous bastards
Source: Daily Express - 🏆 26. / 68 Read more »