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Sainsbury's numbers dwarfed by Asda news

Sainsbury's numbers dwarfed by Asda news

The release of full-year figures for J Sainsbury (SBRY), normally keenly anticipated by retail analysts, has been overshadowed by the potential tie-up with rival chain Asda. Under normal circumstances, investors would have focused on the continued drive for efficiency savings across the group, improving food margin trends, or even the performance of Sainsbury's Bank, but their attention may have turned to projected cost synergies, increased access to northern markets, and whether the grocers got a steer from the Competition and Markets Authority (CMA) prior to the announcement of the proposed merger.

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