Property company British Land has announced that it has exchanged contracts to sell 12 Sainsbury's superstores to Realty Income Corporation for £429m. The group says the sale is part of its strategy on campus-focused London offices, a smaller refocused retail business and residential rented properties. It has now exchanged/completed on nearly £1bn of retail asset sales since April 2018.
RNS Number: 7287 U Sainsbury PLC 01 April 2019 1 April 2019. In accordance with the Disclosure Guidance and Transparency Rules, J Sainsbury plc confirms that, as at 29 March 2019, its issued ordinary share capital consisted of 2,206,814,792 ordinary shares of 28 4/ 7 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information...
RNS Number: 4875 T Sainsbury PLC 20 March 2019 20 March 2019. J Sainsbury plc was notified that, on 18 March 2019, shares were released to the following Person Discharging Managerial Responsibility granted under the J Sainsbury plc Bonus Share Award 2011. The Shares were sold on the London Stock Exchange at an average price of £2.27 per Share..
RNS Number: 3026 T Sainsbury PLC 19 March 2019 19 March 2019. Statement re proposed merger of J Sainsbury plc and Asda Group Ltd. ·To deliver £1 billion of lower prices annually by the third year post-completion. To invest £300 million in the first year of the combination and a further £700 million over the following two years as the cost savings flow through.
RNS Number: 2387 S Sainsbury PLC 08 March 2019 8 March 2019. In line with previous announcements on 11 July 2018 and 1 November 2018, David Tyler will be stepping down from the Board on 9 March 2019 and Martin Scicluna will be appointed as Chairman on 10 March 2019.. Dame Susan Rice, Senior Independent Director, commented:.
Direct Line Insurance Group has reported an 8.1% increase in full-year pre-tax profits to �583m, Gross written premiums fell by 5.3% as a result of the ending of partnerships with Nationwide Building Society and supermarkets group J Sainsbury.
RNS Number: 6355 R Sainsbury PLC 01 March 2019 1 March 2019. In accordance with the Disclosure Guidance and Transparency Rules, J Sainsbury plc confirms that, as at 28 February 2019, its issued ordinary share capital consisted of 2,202,802,075 ordinary shares of 28 4/ 7 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information...
The Competition and Markets Authority (CMA) has found “extensive competition concerns” as part of its in-depth investigation of the proposed merger between Sainsbury’s (SBRY) and Asda. The regulator reckons the proposed deal could lead to a “worse experience for in-store and online shoppers” as a result of “higher prices, a poorer shopping experience, and reductions in the range and quality of products offered.” The CMA says there are ways to address these concerns, including “blocking the deal or requiring the merging companies to sell off a significant number of stores and other assets” in an attempt “to recreate the competitive rivalry lost through the merger”. Sainsbury’s shares fell sharply in early trading.
Sainsbury(J) Plc (SBRY.L) Announced, in a statement re CMA provisional findings into proposed merger between the company and Asda Group Limited, that it fundamentally disagrees with the provisional findings. The CMA has moved the goalposts and its analysis is inconsistent with comparable cases. Combining the company's and Asda would create significant cost savings which would allow it to lower prices. Despite the savings being independently reviewed by two separate industry specialists, the CMA has chosen to discount them as benefits. The company would be working to understand the rationale behind these findings and it will continue to make its case in the coming weeks.
The Competition and Markets Authority says it has “extensive competition concerns” about the proposed �12bn merger of supermarkets groups J Sainsbury and Asda. Announcing the findings of its in-depth investigation into the deal the regulator says it could lead to “higher prices, a poorer shopping experience and reductions in the range and quality of products offered". It also raised concerns that the merger could drive up the price of petrol at a "large number" of Sainsbury's and Asda petrol stations and reduce the quality of service for online customers. The findings are provisional and the companies now have the opportunity to respond to the analysis. However, the CMA has identified 600 local areas of concern and warns that "it is likely to be difficult for the companies to address the concerns it has identified". Potential options include the CMA blocking the deal or requiring the companies to sell off a “significant number” of stores and other assets. J Sainsbury says in a statement that it fundamentally disagrees with the findings, which “misunderstand how people shop in the UK today and the intensity of competition in the grocery market”. It adds: “The CMA has moved the goalposts and its analysis is inconsistent with comparable cases.”
RNS Number: 5785 Q Sainsbury PLC 20 February 2019 20 February 2019. Statement re CMA provisional findings into proposed merger between J Sainsbury plc and Asda Group Limited. These misunderstand how people shop in the UK today and the intensity of competition in the grocery market.
RNS Number: 8759 O Sainsbury PLC 01 February 2019 BLOCK LISTING SIX MONTHLY RETURN. Information provided on this form must be typed or printed electronically and provided to an ris.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5452 O Sainsbury PLC 30 January 2019. J Sainsbury plc herby notifies the market that an application has been made to the Financial Conduct Authority and the London Stock Exchange for a total of 12,000,000 ordinary shares of 28 4/ 7 pence each to be admitted to the Official List.. RNS is approved by the Financial Conduct Authority to act as a Primary...
UK supermarket group J Sainsbury was originally founded in Drury Lane, London, in 1869. The group began life as listed company in 1973, which at the time was the UK's largest ever flotation. The group has moved into financial services with the establishment of Sainsbury's Bank.
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