Half Year Results 

Sainsbury's waiting on CMA

Sainsbury's waiting on CMA

It’s hardly surprising that Sainsbury’s (SBRY) half-year numbers failed to move the share price on their release. The supermarket chain is still embroiled in its bid to merge with Asda, the specific terms of which are subject to a second-phase investigation by the Competition and Markets Authority (CMA). News of the potential £7.3bn tie-up first emerged at the end of April this year and, if approved, would hand Asda’s owner Walmart around £2.98bn in cash and a 42 per cent stake in the combined business.

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