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Sainsbury (j) Takeover Rumours (SBRY)

Sainsbury (j) Chart

Sainsbury (j) Takeover Price

Sainsbury (j) Takeover Forum Posts

26-02-2024
https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842
05-02-2024
It's interesting to note that Tesco shares have been beating Sainsbury's by a small amount on the 6 month and 1 year charts, however the yield is a bit higher for Sainsbury's so that puts them pretty much neck and next. I still prefer Sainsbury's as I consider them to be a more likely takeover target, although it has to be said that neither the takeover of Asda or Morrisons could be considered to have been a roaring success!
04-02-2024
News of a possible stake sale heaps more uncertainty on Asda, Britain's third largest supermarket chain, which has been losing market share to the discounters Aldi and Lidl. Mohsin has run Leeds-based Asda in the absence of a chief executive since 2021. But MPs investigating the debt-fuelled takeover have criticised his lack of food retailing experience and an inability to answer basic questions about Asda's finances.
03-02-2024
Clive Black, analyst at investment group Shore Capital, played down the likely impact on the supermarket sector. ‘We do not think it rocks the UK grocery market apple cart,’ he said. Morrisons is battling the increasingly popular discounters Aldi and Lidl. Industry data shows that Morrisons’ hold on the grocery market was sliding even further. Morrisons has once again emerged as one of the worst performing of Britain’s major supermarkets in the wake of its private equity takeover only doing slightly better than Asda, which is also floundering under private equity ownership. By contrast, Lidl is currently the fastest growing supermarket followed by Aldi then Sainsbury's and Tesco. Note - Look at Asda going cashless, pay at the pump only at all its petrol stations, therefore also needing less staff, shows how desperate they are to cut costs. I can see Morrisons'/MFG forecourts being next.