Sainsbury's shares rise despite Argos sale talks collapsing
Briefly

Sainsbury's shares rise despite Argos sale talks collapsing
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"Shares in supermarket giant Sainsbury's saw a significant jump on Monday morning following weekend revelations of collapsed talks to sell its Argos business to Chinese e-commerce firm JD.com. The UK's second-largest grocery chain experienced a 6 per cent rise in its stock within the FTSE 100 index as investors responded to the news. Sainsbury's had confirmed on Saturday that it was engaged in discussions with JD.com, one of China's biggest retailers, regarding a potential sale of Argos,"
The Independent seeks donations to fund on-the-ground reporting and to keep reporting freely available without paywalls, arguing quality journalism should be paid for by those who can afford it. The outlet highlights investigations into issues such as reproductive rights, climate change and Big Tech, and references its documentary 'The A Word' and reporting on Elon Musk's pro-Trump PAC. Separately, Sainsbury's shares rose about 6% after weekend talks with JD.com over a potential sale of Argos collapsed and were terminated; Sainsbury's said JD.com's proposed terms were not in stakeholders' best interests and an expert said the brief talks effectively signalled the sale process had begun.
Read at www.independent.co.uk
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