FTSE 350 Review 2019 

FTSE 350: Supermarket competition intensifies

FTSE 350: Supermarket competition intensifies

There’s been a seismic shift in how the UK grocery sector looks, and operates. The takeover of wholesaler Booker by Tesco (TSCO) transformed Britain’s largest supermarket’s supply chain and added significant scale to its existing convenience estate. This year, the consolidation could continue, if regulators give the thumbs up to another high-profile deal – namely the potential merger between rivals J Sainsbury (SBRY) and Asda. The tie-up still requires approval from the Competition and Markets Authority (CMA) which, having identified several geographic areas where competition could be diminished as a result of the deal, has pushed the merger into a second-phase investigation.

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