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J Sainsbury PLC (JSAIY.PK)

JSAIY.PK on OTC Markets Group

11.97USD
26 Jul 2016
Change (% chg)

$-0.26 (-2.13%)
Prev Close
$12.23
Open
$11.89
Day's High
$12.00
Day's Low
$11.88
Volume
69,207
Avg. Vol
33,220
52-wk High
$17.17
52-wk Low
$11.08

Latest Key Developments (Source: Significant Developments)

Home Retail says gets approval from UK's FCA for Sainsbury deal
Monday, 25 Jul 2016 10:05am EDT 

Home Retail Group Plc :Companies have received approval from UK's FCA in relation to acquisition.  Full Article

Sainsbury says Home Retail-Sainsbury deal gets UK's FCA approval
Monday, 25 Jul 2016 10:02am EDT 

J Sainsbury Plc : Satisfaction of regulatory condition in relation to Financial Conduct Authority .Boards of Sainsbury's and Home Retail Group Plc are pleased to announce that they have received approval from FCA in relation to acquisition.  Full Article

UK's CMA says not to investigate Sainsbury's acquisition of Home Retail
Friday, 22 Jul 2016 02:00am EDT 

Competition and Markets Authority :Not to refer following merger to a phase 2 investigation anticipated acquisition by J Sainsbury Plc of Home Retail Group Plc.  Full Article

Mastercard to take $90 mln charge after UK Competition Appeal Tribunal ruling
Thursday, 14 Jul 2016 05:39am EDT 

Mastercard Inc : Today commented on uk competition appeal tribunal ruling in sainsbury`s supermarkets case . Company expects to take a pre-tax charge of approximately us$90 million as a special item in its q2 . Court ruling provided for 68.6 mln stg (approximately $90 million) in favor of retailer .Evaluating implications of judgment to determine if any adjustment to judgment amount, additional charges would be required.  Full Article

Sainsbury says to end Netto UK JV with Dansk Supermarked
Monday, 4 Jul 2016 05:30am EDT 

J Sainsbury Plc : Dansk Supermarked Group and Sainsbury's announce outcome of Netto UK strategic review . Co will end their joint venture of trial Netto UK stores . Sainsbury's is also expecting cash costs of circa 10 mln stg to wind down business . Amounts will be excluded from underlying results . Outcome of Netto UK strategic review . It is expected that 16 stores will continue to trade throughout July and will close during August .Businesses are working together to minimise impact of this decision on Netto colleagues and will be consulting with and supporting colleagues through this period of change.  Full Article

Wincanton renews distribution contract with Sainsbury
Wednesday, 15 Jun 2016 02:48am EDT 

Wincanton Plc : Has renewed its distribution contract with sainsbury's, one of UK's leading supermarkets, bringing long-standing relationship between two businesses to over 25 years . Contract renewal with Sainsbury's Further company coverage: [WIN.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Home Retail's Argos Q1 underlying sales up 0.1 pct
Thursday, 9 Jun 2016 02:00am EDT 

Home Retail : Argos Q1 sales £868m . Argos like-for-like sales change up 0.1% . Argos total sales change up 2.6% . Argos gross margin movement down c.100bps . We remain on track to complete proposed transaction with Sainsbury's in Q3 of this calendar year . Says Argos performance was strongest sales growth in eight quarters .Says financial services customer redress provision may need to be increased by an amount in region of £30m.  Full Article

Sainsbury's shares rise as Q1 sales beat analysts' expectations
Wednesday, 8 Jun 2016 03:06am EDT 

J Sainsbury : Shares up 1.5 percent after Q1 sales slightly beat analysts' expectations . CEO says expects deflation to continue through the autumn . CFO says price position versus peers has improved over last 3 months . CFO says remains on track to complete Home Retail deal in Q3 of 2016 . CFO says Q1 price deflation was 1 percent Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

UK'S CMA says considering whether Sainsbury-Home Retail deal would decrease competition
Friday, 27 May 2016 10:35am EDT 

UK's Competition and Markets Authority:Says considering whether Sainsbury deal to buy Home Retail deal may be expected to result in a decrease of competition.  Full Article

J Sainsbury plc's has announced a shake-up of roles across its major stores, with a union warning 850 posts are threatened- Sky News - Reuters News
Tuesday, 5 Apr 2016 02:22am EDT 

J Sainsbury plc:Sainsbury's has announced a shake-up of roles across its major stores, with a union warning 850 posts are threatened- Sky News - RTRS.  Full Article

BRIEF-Sainsbury says Home Retail-Sainsbury deal gets UK's FCA approval

* Satisfaction of regulatory condition in relation to Financial Conduct Authority