Tag: $Sainsbury

 British supermarket group Sainsbury’s (SBRY.L), said on Sunday it has terminated talks with Chinese e-commerce giant JD.com (9618.HK), over selling the Argos general merchandise retailer, a day after confirming discussions were underway.

J Sainsbury reported sales volume growth for the key Christmas period and said it expects to deliver retail operating profit for its fiscal year in line with market consensus.

Shares fell 4.8% in morning trade to 274.20 pence a share. Year-to-date the shares are down 9.4%.