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United Kingdom

J Sainsbury PLC (SBRY.L)

SBRY.L on London Stock Exchange

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Thu, May 16 2019

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Asda faces tougher trading conditions after Sainsbury's dream dies

LONDON Asda, the British supermarket arm of U.S. giant Walmart, reported a dip in quarterly sales and warned of an "increasingly challenging backdrop" after regulators thwarted its plan to merge with rival Sainsbury's.

Asda faces tougher trading conditions after Sainsbury's dream dies

LONDON Asda, the British supermarket arm of U.S. giant Walmart, reported a dip in quarterly sales and warned of an "increasingly challenging backdrop" after regulators thwarted its plan to merge with rival Sainsbury's.

UPDATE 2-Asda faces tougher trading conditions after Sainsbury's dream dies

* Parent Walmart weighing IPO for Asda (Adds detail, Asda CEO, Walmart finance chief comment)

RPT-Asda to rely on Walmart largesse after Sainsbury's dream expires

LONDON, May 10 Asda will be scrutinised for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.

Asda to rely on Walmart largesse after Sainsbury's dream expires

LONDON Asda will be scrutinized for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.

Asda to rely on Walmart largesse after Sainsbury's dream expires

LONDON Asda will be scrutinised for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.

REFILE-Asda to rely on Walmart largesse after Sainsbury's dream expires

LONDON, May 10 Asda will be scrutinised for clues on whether U.S. owner Walmart wants to line it up for sale or to compete longer term in the cut-throat British grocery market when it gives its first trading update since a planned Sainsbury's takeover collapsed.

Sainsbury's to invest and cut prices after Asda dream dies

LONDON Sainsbury's boss Mike Coupe vowed to improve stores, cut prices on daily essentials and invest in online to restore sales growth for Britain's second largest supermarket group after the humiliation of his failed takeover of rival Asda.

UPDATE 4-Britain's Sainsbury's to invest and cut prices after Asda dream dies

* Shares up 3.6 pct at 0959 GMT (Adds detail, CEO, analyst comment, updates shares)

Britain's Sainsbury's to step up investment after Asda deal killed

LONDON, May 1 Britain's Sainsbury's, chastened by the blocking of its takeover of rival supermarket group Asda, said it would accelerate investment in its store estate and technology as it reported a second straight quarter of underlying sales decline.

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